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Western Wind Energy Corp V.WND



TSXV:WND - Post by User

Comment by contrainvestoron Feb 09, 2013 1:53am
125 Views
Post# 20962311

RE: RE: RE: Sick of the BS

RE: RE: RE: Sick of the BS

What also needs to be recognized is that Brookfield is carrying on in this manner because the stock is mainly held by retail shareholders.  If there was even one large institutional shareholder, trust me you would be hearing more vocal opposition to this bid in the press.  This is a true David and Goliath story.  But Brookfield has also painted themselves into a bit of a corner.  If they do truly walk away after Monday, then they have conceded defeat.  They will have no interest in continuing to own 16% of a public company and they will now become a seller in the process looking for the highest bidder.  But nobody goes through this much trouble and just walks away when they hold such a key bargaining position in its 16% ownership.  So chances are "final and best" bid will prove to not be the case, and they will have shown extreme weakness and will probably have to pony up even more.  I guarantee you if they had bid $3, this would have been over on Monday.  But they have let their egos get in the way, and will either lose the asset in the end, or have to pay much more.

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