Iplayco Corp Ltd IPPQF

RE: Concerned

[FFHWatcher]

Almost all the shares of IPC have been tendered to Dundee (due to be tendered by Mar. 21). Therefore, there is basically no IPC shares available to be bought or sold. I don't expect any trading from now until they are delisted which should be in early April if all goes well with regulators. At that time, former IPC shareholders will receive about $16M in cash ($0.25/IPC share) and about 3M shares of Dundee (0.05/IPC share). The rest will be in preferred shares which won't be traded. Therefore, former IPC shareholders have a number of options. 1. take their cash and invest it elsewhere (because they don't want to own more Dundee or for diversification purposes) 2. take their cash that was in IPC shares and simply re-invest it back into Dundee shares (hey, it was in IPC before, why not take that money and purchase Dundee shares if you think Dundee is a good buy right now..remember, most shareholders are reps of IPC) 3. Sell their Dundee shares on the open market (see explanation #1) What would you do?