Western Wind Energy Corp V.WND

tender vs. sell on market

[cutthebsbud]

as i expected no SIP or goof would provide any guidance on this critical issue but here are the keys: a) if you sell now on the market you get the price and are done with it, you have no idea who bought or should you care (current around $2.40) b) tendering MAY and i reiterate MAY get you $2.60, the $2.60 is conditional (and owners should read the BEP notice for all conditions) but the key one to me as explained by my broker is that once you tender you are committed to sell, however if BEP fails to gain the shares it needs and say withdraws its offer and the price of WND immediately craters you will be a bagholder (this risk is IMO why the price is $2.40 or thereabouts) once your shares are returned.  so there is as best i can tell some downside risk... but please call broker for confirmation.

[unclesam2]

cutthebsbud wrote: "as i expected no SIP or goof would provide any guidance on this critical issue but here are the keys: a) if you sell now on the market you get the price and are done with it, you have no idea who bought or should you care (current around $2.40) b) tendering MAY and i reiterate MAY get you $2.60, the $2.60 is conditional (and owners should read the BEP notice for all

[cutthebsbud]

uncle, glad you contacted your broker but.... he didn't tell you the truth... as per SEDAR documents:  "It is a condition of the Offer that 50% of Common Shares held by Independent Shareholders are tendered to the Offer. If this minimum tender condition is not satisfied by the expiry time of the Offer, no Common Shares will be acquired by the Offeror."  that is a condition.

[Nakate]

There are rules to the offer regardless of all the nonsense proffered up here. Brookfeild need 66.6 % to steal the company other wise they  lose not us period and they have 10 million shares which has profit sharing clauses attached to them.  What if they get 60% will they sit idly by while Jeff runs the company until next agm doing what ever he wants.  I'm sure they got

[cutthebsbud]

do you goofs ever think before you post or is this purposeful idiocy, so let me get this straight youi believe if BEP acquires 60% of the shares of WND that they will sit idly by until the next AGM...me thinks again you like the kmart special are way out of your league.

[Nakate]

I don't think BEP will sit idily by at all if they get 50+% or even 48%. I think they will sweeten the offer and extend the bid. but until they cross the 66.6 % level they have to put up with Jeff running the show.  It takes 90% for BEP to actually take the company into BEP's portfolio