RE: RE: Q3 Yes, Bakken is correct that bidders would be able to see the books because they all signed CA agreements. Of course, the won't be able to see what hasn't been compiled yet, but other than project operations, there will be little they care about.
And while some of you have decided to give credence to the CEO's price predictions, I note there are self-proclaimed experts on the Board who know that the CEO's high end is really the bottom of the range of "real value".
My approach is different.
I look at AQN's old offer when the company was less valuable and Brookfield's interest and the broken deal between INE and FVR and I can be pretty sure that the end will be above the current price. On the other hand, the Management are paid to get as high a price as possible. If they were to lowball the price in public, they'd deserve to be roasted. I can be sure they are biasing their estimates on the high end...but that they don't really know the top end of what someone might be willing to pay because they see more value than others.
We are not going to agree on a value just as the bidders won't. If the process encourages competitive bidding, it will be to our benefit. If there is more than one round, it will be a significant positive, but it is unlikely the bids or the bidders will be revealed until there is an offer that the Board decides to endorse.