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

TSXV:WND - Post Discussion

Western Wind Energy Corp > Found on BEP NR !!
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Post by modgil on Feb 11, 2013 11:27am

Found on BEP NR !!

I  am sure some of you might have read this, but if not, please read through as it does raise some serious concerns.

https://brookfieldrenewable.com/content/2013/brookfield_renewable_terminates_discussions_with_w-36529.html

Comment by impega on Feb 11, 2013 11:47am
What are your concerns specifically with the BEP NR?
Comment by bakken13 on Feb 11, 2013 11:52am
o As disclosed in Western Wind’s public disclosure, during the three month period ended September 30, 2012, management of Western Wind convinced the board of directors to approve early payments of their change of control payments (despite the fact that no sale was on the horizon). Mr. Ciachurski received approximately $3 million. Further, in the context of Brookfield Renewable’s recent discussions ...more  
Comment by modgil on Feb 11, 2013 11:55am
"What are your concerns specifically with the BEP NR?"   1). No Alternative Proposal 2). No Fairness Opinion 3). Management Self Interest   I read the whole NR, and I believe this WND management is not working in the best interest of us, shareholders.      
Comment by impega on Feb 11, 2013 11:58am
So are you happy with BEP's $2.60 all cash bid?
Comment by modgil on Feb 11, 2013 12:06pm
"So are you happy with BEP's $2.60 all cash bid?"   At this point, I believe $2.60 is our best option. As absurd as it may sound to a lot of you, I believe BEP offer is in the best interest of the retail shareholders of WND. The WND management, as evident from the NRs and circulars, is working only for their own benefit and worst, they are doing it at a significant cost to their ...more  
Comment by mlpowell on Feb 11, 2013 12:16pm
modgil you have 10 days to tender i wouldnt hurry
Comment by impega on Feb 11, 2013 12:19pm
With the stock price at $2.37, BEP should have no problem getting what they need at $2.60 right?
Comment by bakken13 on Feb 11, 2013 12:23pm
"you have 10 days to tender i wouldnt hurry" --------------------------------------------------------- That only applies if BEP gets their 50% today.
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