OTCPK:ICPVF - Post by User
Comment by
marketsenseon Mar 11, 2021 1:22pm
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Post# 32773968
RE:RE:WOW brookfield is shady
RE:RE:WOW brookfield is shadyI'm not defending BiIP but given the stock was so out of favour and the sp was at so depressed
levels, one can hardly blame them for trying. What they didn't anticipate was the turn around
in the oil & gas sector and the amount of buyng interest generated by their offer in addition
to the amount of resistance by retail against them. BPI is hardly a white knight to the rescue
and is certainly trying to get ALA on the cheap. Its all backfiring on them now except for the
shares already owned.
In one sense they did IPL a favour. They exposed how rdiculously undervalued and mispriced
IPL was but also exposed their offer as being also ridiculously cheap. So thanks BIP, now
sell your shares for a profit or keep them for more capital appreciation, but take your offer
to the paper shredder unless you are prepared to be more realsitic.