RE: Earth to Jeff I believe that Brookfield has to issue a PR if it trades WND.
At the very least, it must file with SEDI within 5 business days and if they neglect doing this while they are SELLING shares with a simultaneous offer to BUY them...while they are under investigation by the OSC, they'd have to be very wreckless operators (which I do not think they are).
And if they had an affiliate sell shares for them, and the OSC investigation got wind of that, it would also be very damaging for them.
Of course, they could have some posters arrive on Bulletin Boards and tell shareholders to sell their shares or to email Brookfield and say we'd take $2.80....
Anyone who has been following this saga heard Jeff says weeks ago that in stage 1 of the Rothschild process the potential bidders were asked to give an estimated bid for WND, with and without Yabucoa having gone through financial close. He also said the bids were much higher after the financial close.
Brookfield would like to buy before the close to get a cheaper price and then have the value of the package they bought jump when they put the Yabucoa project through the close. I would guess that is why they set their offer expiration date in January.
And that is likely why Jeff and WND were upset that Brookfield was interfering with the sale process in order to get themselves the WND assets at a big discount, while they were ignoring the requirements of an Insider bid.
I expect the WND new Bid Circular to be available on Monday or earlier. I checked SEDAR today, just in case, and it is not there yet.
Meanwhile, if Brookfield can operate profitably and pay out a better yield, I will consider buying shares one of these days...or if they want to offer me $4 or so in Brookfield stock, for each of my WND shares, I'd look upon the deal as favorable.