Western Wind Energy Corp V.WND

dutch auction for sib

[babloo]

Dutch auction share repurchases

The introduction of the Dutch auction share repurchase in 1981 allows firms an alternative to the fixed price tender offer when executing a tender offer share repurchase. The first firm to utilize the Dutch auction was Todd Shipyards. A Dutch auction offer specifies a price range within which the shares will ultimately be purchased. Shareholders are invited to tender their stock, if they desire, at any price within the stated range. The firm then compiles these responses, creating a supply curve for the stock.[2] The purchase price is the lowest price that allows the firm to buy the number of shares sought in the offer, and the firm pays that price to all investors who tendered at or below that price. If the number of shares tendered exceeds the number sought, then the company purchases less than all shares tendered at or below the purchase price on a pro rata basis to all who tendered at or below the purchase price. If too few shares are tendered, then the firm either cancels the offer (provided it had been made conditional on a minimum acceptance), or it buys back all tendered shares at the maximum price.

[TOxray]

thanks for the info.Do you happen to know what the MDS shares were trading at before the announcement, and what they ended up going for?  (i.e., approximate percentage increase that the shareholders were rewarded with?)  The shares are no longer trading, so I couldn't seem to get trading info on it.also, what happens if you don't tender?  you just end up becoming an

[dirac]

How will it be done ?

[babloo]

I am not trying to confuse anyone...i just merely provided an example of one company did it. I am not saying that wnd will do it this way.

[peakoiled]

It seems that most substantial issuer bids are done by modified Dutch auction. Just see these companies that performed them this way: https://www.exfo.com/en/PressRoom/CorporateReleasesView.aspx?Id=386https://www.news-medical.net/news/20100219/MDS-intends-to-make-Substantial-Issuer-Bid.aspxhttps://www.marketwire.com/press-release/Quest-Announces-Commencement-Substantial-Issuer-Bid-Mailing-Issuer

[studpuppy]

is this stock acting like there is going to be any auctions or buy back call it what you want ANY TIME SOON?? NOTafter the huge earthquake in japan and the nuclear threat all the clean energy stocks went up at a minimum of 10% and higher,us well yawnnnnn! ``I can't see it being done up in the $3 range (more like the $1.40-$1.60 range). `` are you out of your mind?? who in the hell in

[peakoiled]

"who in the hell in their right mind will sell wnd for 1.40-1.60?? "People have been selling their shares in and below this range for months. I have no idea when the buyback will occur though.

[dirac]

LLike i said; the buyback will be done in the 3° or 4° quarter at +/- $ 1.80.

[AeolusGreekGodofWind]

of a six pack.Yes my friends this roller coaster has battered my brain and now I am praying to theGod of Wind.When the valuation comes out at $5-6+ it will be real hard to grasp a $1.50 SP.Hopefully WND will age like a fine wine and not like Budweiser.Hey anyone know an ancient wind dance?

[TOxray]

Kinda close: Gymnopedies (seeing as you're a Greek god)...(at least it's an ancient Greek dance, and anything would help the share price...)TOxray