Western Wind Energy Corp V.WND

Yabacoa as a prerequisite to deal

[Riskybets707]

As yaba financing has been lauded as a prerequisite of wrapping this sales process up ad receiving 'full' value (aka mgmt project related bonuses) perhaps the same amount of energy being spent on contacting Brookfield to indicate the insufficiency of their offer should be spent emailing wnd. Further, why not email the chairman of the board given the boards (theoretical) role in all of this. 

 

So. Where the heck is yaba financing more than 1 year after company press releases indicated it would be dec 2011 and second, why can't a timeline be imposed/updated and mgmt / advisors held to some accountability. 

 

Wake up, there is conceivably no end to company measures aimed at stalling (new players in data room, etc). Meanwhile G&A expenses continue for nothing.  Impose a deadline for this (march is too late), take some accountability and truly act in shareholders best interests by executing the sale like you said you would as a component of winning the proxy fight. 

 

Otherwise, board members, prepare for another proxy fight and your jobs to come under threat again (not good for your reputations I would imagine). 

 

Why doshareholders tolerate this malarchy?

[impega]

Riskybets, what are your thoughts on the requirement for Brookfield to obtain an independent valuation of the company due to their status as an insider. Would you not agree that an independent valuation would help the shareholders decide if their offer is fair?

[Probability]

 Yabucoa brings over $1 value per share ,,,,, so you unbiased view is sell early for less? SH poster until you get to work and wing massive deals at best rates possible?

[Riskybets707]

Should the courts find that an independent valuation is required then yes, it should be done. Recall that the company stated the process would take 18 weeks. We are now at least 8 weeks beyond that timetable. Brookfield made an offer. Brookfield owns assets in the same area as Windstar making it a natural fit so it shouldn't be surprising. However, there has been ample time for competiting

[Intravires69]

Well, we do have to consider that the insiders' interest are aligned with ours in the sense they want the best price and want to make the most money too.  Jeff and the crew are in th ebest position tpo know what we can likely get.  I am standing down until Yabucoa  closes.

[Probability]

Just to play along ... but I will still be Probability The first news release states clearly -- the milestones for a sale to occur ... one is Yabucoa closing I assure you insanity would be closing the deal before Yabucoa closes ... I checked and the company which went bankrupt CAUSING THE DELAY did go bankrupt Read the news release and stop making up things https://www.westernwindenergy.com/s

[impega]

Riskybets that is a long winded answer to a simple question. If an independent valuation was done indicating the Brookfield offer was fair, shareholders would tender no problem. So why don't they just do it already. They are insiders after all. How am I supposed to know if $2.50 is fair. Oh wait it is $2.60 now. How are minority shareholders supposed to know if it is fair? Should we take

[mlpowell]

can somebody tell me why any co. that wants to buy wnd cant figure out what the cost will be to get yabucoa financed maybe they can pay cash but i am sure this is not a reason or a must for wnd to be sold there has to be other reasons why this sale has not moved forward and why wnd wont release any progress reports or in fact any info on anything ?

[bakken13]

The costs for Yabucoa are easy to calculate. But until it gets final approval, the buyers will be reluctant to pay for what has been done so far. Once Yabucoa is approved, construction could start almost immediately. Relax, I am sure they are pushing it as hard as possible.

[sweetbabyjesus]

As the suitors have had to sign ND agreements, so has Western Wind. Add to that the fact that Rothschild is in full control of the sales process, Jeff and co are hands off, and there you have it.   As soon as Yab closes, the best bid will be presented to shareholders. Until then, the worst bid is on the table. Take it or wait a few more weeks and realize 40%+.  The world is your

[CanackShack]

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