Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

TSXV:WND - Post Discussion

Western Wind Energy Corp > un-tendering
View:
Post by bakken13 on Feb 12, 2013 12:54pm

un-tendering

I doubt that many investors who tendered to BEP's offer will take back their shares, as most investors wouldn't be informed enough to see any advantage to doing so.

Even those of us who are very well informed may question the move, as we have no idea what price target the board of directors of WND have in mind. Their cost base for the shares they hold is very reasonable, and no doubt even the $2.60 offer from BEP would provide massive capital gains.

If BEP wins the day, they will undoubtedly receive a lot more shares during the 10-day extension to the offer.

Insiders only hold 6% of the float, so they would need help to get a better offer for their minority holdings. They would likely get some backup, but I have to wonder how many of those posting here that they will never tender to BEP, would actually hold out to the very end.

If you tender to BEP, you get paid within days. Holding out for the minority shareholders' fight means tying up your money for months. You might get another 10, 20, or maybe even 30%. But you might not either.

Interesting, to say the least.

Comment by j_mart on Feb 12, 2013 12:59pm
This post has been removed in accordance with Community Policy
Comment by degus on Feb 12, 2013 1:13pm
Even the sophisticated Bakken doesn't understand the full import of UN-tendering, so how can anyone else? If you WITHDRAW you shares from the tender offer, you can RE-TENDER back for the current offer in 10 to 12 days, if you want. Un-tendering does not mean you have to wait for Yabucoa to close or for Jeff to get an offer that will satisfy J-mart. It just means that Brookfield will be LESS ...more  
Comment by bakken13 on Feb 12, 2013 1:17pm
degus, I am fully aware of the short-term implications. I was just pondering the longer term horizon.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities