RE: RE: realistic I explained what the bidders want to see....the EBITDA on all the projects for their 20 to 25 year life. Estimates of this data is not that hard to come by, even without signing a confidentiality agreement, as every analyst has what is probably relatively accurate numbers.
The prospective bidders are going to check that those numbers are real by looking at the books, production, maintenance, contract wording, etc. Then they have to determine how much it all is worth, to themselves (not to the market or compared to some other bid in the past).
Hedge Funds, mutual funds, individual investors, insurance companies, and other power companies that own shares are ALL shareholders. Not only one group has been critical of management of this company over the years, and that is normal in a situation where the Management has not been good at getting the Market to see the value that the shareholders see. But since shareholders pull down no salaries and get no dividends, they have less reason to want to see the company continue forever. The Board and Management will lose their jobs (for some, only a part-time job, since they also occupy other positions in other companies) but will be compensated with Golden Parachutes, consulting agreements, and non-compete payments when the company is sold...unless it is the CEO who also gets the extra $3 million for a sale above $3/share. It seems obvious he will be happy to accept that bonus. If the WND management and Board contracts are standard, they will also get immediate vesting of all options under the "change of control" provisions.