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Run of River Power Inc V.ROR

Utilities Utilities - Independent Power Producers


TSXV:ROR - Post by User

Run of River Power Inc > Voting and Special Meeting
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Comment by pennylane101on Apr 23, 2014 9:36pm
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Post# 22484460

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Voting and Special Meeting

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Voting and Special MeetingNo., what's on the table is the letter of intent. .  

Let's say they offer 4 cents per share while the book value is  at 9 cents.  Would the price rally to 4 cents? No,  I don't think so because the market knows that the low offer  will be rejected by minority shareholders.  
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