RE: RE: RE: NR July 30th 2012
Forgive me...not bid process close by end January, rather the expectation of some clarity before Jan 21st from management re: Brookfield's $2.50 offer that expires Jan 28th. Today's news release, a mere week before the WND-announced deadline for filing the advisory circular did not provide the clarity I was expecting re: stage of bid process, number of bidders, etc. and It could have.
I've been told by management that Brookfield's offer is "too low" and I believe that. However, if Brookfield is taking advantage by adding to their holdings due to weakness in stock price partly fueled by lack of clarity of advisory direction by WND management, then my investment is potentially weakened when it comes time for a vote. That would be disappointing, especially when we all feel that we should be getting anywhere between $3 and $4 a share (yes, some feel more, but I'm a pragmatic dreamer at the core).
I realize that Jan 14 is not Jan 21st. So there is still a week (or less) to get what I am looking for from management. But almost a million shares traded today, and I'd be shocked if Brookfield didn't snag some of them.
Thanks for the variety of lucid, learned and even lugubrious comments,
El Joro