Western Wind Energy Corp V.WND

Response from Jeff

[Xtrykr0]

I wrote this:
Hi  Jeff,  I'm concerned with the lock-up  agreements made
between AQN, Goodman, and other  significant shareholders.
How is management going to ward off this hostile takeover,
and at what cost will it come to existing loyalists. Thank
you.
Jeff responded:
Hello XXXXXX,


We are working hard to fend this off and we are 
determined to get the best price for all of us.
Rest assured, but we cannot divulge strategy.


Warm regards,


JEFF CIACHURSKI

[eljoro]

This low ball bid was an inevitable outcome of having the share price so low for so long. And while I appreciate Jeff saying he is looking to get "the best price for all of us" I have to ask somewhat rhetorically why management didn't see this coming (and if they did why didn't they take pre-emptive steps to combat such a possibility)?  Where was the insider buying

[babloo]

On the contrary...The mgmt team did perform the eval from DAI to get a independent appraisal done to counter any hostile suitors.....so I disagree that mgmt did nothing....we also saw Jeff buying at 1.60...1.70....getting the financing in this climate for renewable energy is nothing short of a miracle...please give credit where due.

[JohnnyBlazzwa]

how much does management hold? seems to me their more concerend about there job than shareholder value though i may be wrong

[Xtrykr0]

You are absolutely correct Johnny, but to Jeff's credit, he does have more of a "long-term" view on nurturing this company.

[pool1212]

Latest holdings report  from INK research Oct 12 2011 with last filing date by individual below Jeff Ciachurski as of latest  June 9 2011 filingdirect ownership common shares = 592,056common shares bonus shares = 672,848options stock = 1,494,311units = 359,876Kevin Craig (CFO) as of latest June 5, 2011 filingDirect ownershipcommon shares = 47,000options stock = 151,969warrants

[eljoro]

Fair enough Babloo..these *are* successes and should be recognized as such. But this has been a long haul, with numerous periods of silence from management, missed deadlines, etc. I've owned shares in dozens of companies over the years and e-mailed dozens of CEOs/IR teams. WND wins my prize for poorest investor relations. It has often felt like investors have a dangling carrot in

[mm2m]

I agree eljoro, I have been critical of the company for the last few months for these exact reasons - I too am a long time holder in excess of  6 years  but with all the good news this year and no results it was a real sham -  I got really fed up with being told the market is bad and the shares have to go down - pure bull as a good solid company with something real will go up or

[impega]

Good post mm2m. I believe management will shop for a US Corp friendly bidder to ensure fair value is received. Otherwise Algonquin's bid has a good chance to succeed given the share price continues to trade well below the offer price.

[j_mart]

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