GREY:CRIUF - Post by User
Comment by
dryhumperon Jul 17, 2016 4:39pm
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Post# 25060144
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Good News
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Good Newscharmed3timer wrote: BannedBillyBoy wrote: charmed3timer wrote: BannedBillyBoy wrote: charmed3timer wrote: BannedBillyBoy wrote: charmed3timer wrote: StocknerdEQcool wrote:
Another new share offering in the making? Within 6 months? Great! Will wait and buy more.
You do understand that there can be no more Deals like the last one? You do understand that the private entity has been completely converted into publicly traded units?
I don't think you fully understand the nature of the deal, I don't have the patience to explain it again...
Doesnt mean they can't be on the hunt for another acquision that would be accretive with an appropriately priced share offering. Growth, whether organic or through acquisition is the only way this trust will get a better multiple.
fair enough... but Deals of the above mentioned nature are over, and really it was quite obvious that the whole crux of the deal was to facilitate the transfer of private to public equity and that was the whole reason for the share offering.
He is acting like KWH.UN is a serial issuer in need of cash,which is not the case what so ever.
He doesn't understand that it was a cash neutral deal.
1. There could be other deals similar in nature if the trust only initially acquires a less than 100% ownership in an operating utility, which is quite probable if the operating company to be acquired is privately owned.
2. Why is it a transfer of private equity to public? What am I missing?
3. Stocknerd is a troll without honour, distorting the facts about the trust, continually. He pleasures himself with each of his vile posts.
1. that is speculation on something that may or may not happen at this point and has no relevance to Deal that I am talking about.
2.On
May 18, 2016, the Trust and Crius Energy Corporation ("
US Holdco"), an indirect wholly-owned subsidiary of the Trust, initiated a tender offer (the "
Tender Offer")
to purchase all of the membership units of Crius Energy, LLC (the "Company") not already owned, directly or indirectly, by the Trust (the "
Remaining LLC Acquisition"). After giving effect to the completion of the Remaining LLC Acquisition, the Trust is expected to hold, directly or indirectly, a 100% ownership interest in the Company.
Now I could be wrong , but weren't those membership units held by private funds or were they a publicly traded vehicle ?
3....
1. It is relevant, very relevant, as growth through acquisition is part of the business plan.
2. Then why was there an offering to raise cash, why not simply a unit for share exchange? I'll tell you why, it is because there are new unit holders who were not owners of the operating company, whose owners wanted to cash out. So the transaction was not as you portray it. And it is water under the bridge, and management clearly, and surprisingly to me, is already completely comfortable with the deal as they again have raised the distribution.m
1..Naw... your just starting it up with me... So on the one hand you are talking about aquiring new interests in privately held ventures, but wont address my question about the them aquiring privately held membership units ? Hmm... Just looking to start up a fight. Well do your best
2 '
it is because there are new unit holders who were not owners of the operating company, whose owners wanted to cash out.' So were these owners private owners or part of a publicly traded vehicle ? These owners that wanted to cash out, were they private or ?
1.Hmm... Just looking to start up a fight. Well do your best
that is why some are best ignored