Incitec Pivot Ltd T.IPL

Primary Symbol: ICPVF

Chemicals Basic Materials

Incitec Pivot Limited is an Australia-based manufacturer and supplier to the resources and agricultural sectors. Its segments include Asia Pacific and Americas. Asia Pacific segment includes Fertilisers Asia Pacific (Fertilisers APAC) and Dyno Nobel Asia Pacific (DNAP). Fertilisers APAC manufactures and sells fertilizers in Eastern Australia and the export market. It also manufactures, imports and sells industrial chemicals to the agricultural sector and other specialist industries. DNAP manufactures and sells industrial explosives and related products and services to the mining industry in the Asia Pacific region, Turkey and France. Americas segment includes Dyno Nobel Americas, which manufactures and sells industrial explosives and related products and services to the mining, quarrying and construction industries in the Americas (Canada, Mexico and Chile) and initiating systems to businesses in Australia, Turkey and South Africa. It also manufactures and sells industrial chemicals.

OTCPK:ICPVF - Post by User

Incitec Pivot Ltd > IPL asking price-24$

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Comment by Maxmoeon Feb 25, 2021 12:15am

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Post# 32655303

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:IPL asking price-24$

Well, we'll see what the osc thinks won't we. Meanwhile, what exactly is your motivation here skippy? I see you showed up 2 weeks ago out of the blue and started bashing and using foul language. Oh dear! Bull Sh!t is not very neighbourly. Then in a most haughty tone tell someone to go brush up on their WTE research skills whatever that means and then in a condescending tone tell me to go read Canadian securities law. Hmmm oh and apparently you believe "too many folks jump to unsupported conclusions" so it's everyone I guess. Not just me. And certainly not you eh? Hurry back to ala, maybe you and your bosses can still steal that one.

FreddieMac wrote:
I think you are genuinely confused as to how a total return swap operates. It is not issued by the underlying company (in this case IPL) and there is nothing to convert into underlying equity of IPL. It is simply a form of agreement made by two parties about the financial performance of a third asset (in this case IPL stock). It is not like a warrant or option ISSUED BY IPL which could, conceivably, get converted to IPL common stock. A swap can not ever be converted to common shares because that is not how they are structured. That is what put and call options and warrants are for.

So by your interpretation the OSC should be treating BIP as an insider or reporting insider. So I guess the fact that BIP's ownership of IPL stopped just shy of 10% is just a happy coincidence and not prudent planning by BIP's legal counsel.

It appears clear that you want things to be a certain way, facts or the law be damned. You're entitled to your own opinion, but not your own set of facts.

Maxmoe wrote: Blah,blah,blah. Are you going to cry now? As I said, you're full of it and you bore me. No I'm not going to law clerk for you. There are plenty of precedents for the partial dilution I referred to whereby you have to not only add up the warrants,options,convertibles,swaps etc,etc, but for the purposes of calculating the 10% you must assume only you convert whatever instruments you have into common and nobody else does. No I'm not going to search the act to find it, I know it to be a fact because I have witnessed it and got in sh!t for it once.Turns out the osc was pretty adamant that I needed to report. I plead ignorance and got off with an official warning sent my board of directors governance committee. I'm done, if you still can't process this than we'll just have to wait and see if the osc ever gets around to this.