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Bullboard - Stock Discussion Forum Western Wind Energy Corp V.WND

TSXV:WND - Post Discussion

Western Wind Energy Corp > UPDATE From Lawrence
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Post by madmoney92 on Oct 24, 2012 7:17pm

UPDATE From Lawrence

"We are releasing very limited information during the sale process.  We have about 19 NDAs signed by companies who have reviewed confidential info in our data room.  Interested parties have submitted initial non- binding numbers and expressions of interest.   A number of these companies have moved on to phase two and are doing much more detailed due diligence which will take up to 60 days.  They will then present a final number and enter into negotiations with WND.  The board will recommend acceptance to the highest bidder."

We ask shareholders to be patient during the process which should lead to beneficial results for all shareholders.
Cheers
Lawrence
 

This is from a email exchange from Lawrence to me, I hope this helps anyone.

Comment by bakken13 on Oct 24, 2012 7:26pm
I have no problem waiting until January for a bid. Let them do their best. Remember, WND is now obligated to present us with the best offer, no matter what it is.
Comment by peter75 on Oct 24, 2012 9:07pm
type wnd sales process There was a small release this evening worth reading
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