Western Wind Energy Corp V.WND

SIB

[cchom]

So with this kind of large valuation for just the windstar project alone can they still have an SIB of around 2 dollars or do they have to give a fair market valuation of around 3.50 for the shares or higher as people are saying.   Is there anything stopping them from offereing 2 dollars once a Fair Market Value way higher comes out?

Comments are welcome.

Thanks
CC

[bigtony2]

JMHO but, a SIB is a significant event and must be under with the approval of the Exchange.  Therefore, present shareholders would have to be offered a fair value for their shares given all the facts and information including a reputable third party valuation such as the one out today.Given all the information so far, I would think that a share buyback of that magnitude would have to be over

[R000]

Can you enlighten me about the procedure for buying back shares in Canada. Here in Europe it's pretty normal that companies buy back their own shares on the exchange for current (daily) rate. Of course there are some regulations, but a valuation of some sort is not needed. Of course it's also assumed that the company isn't withholding any information that could influence the share

[impega]

R000, What you describe is a normal course issuer bid in which case the company can by back a certain amount of shares on the market (usually limited to 5% of the total shares outstanding).WND plans to buy a substantial amount of shares back (20 million) by way of an offer open to all shareholders who will receive an info circular. The independent valuation is being done in conjunction with the

[cchom]

My understanding is this is not jsut a regular share buyback.  If that were so you are correct it would be done at market prices.  This is a SIB (significant issuer bid) which means that basically. that they will be putting a value that they want to buy 20 million shares at.  This value by the sounds of things will be based on this valuation that the third party is doing for