29 Jul '12, 3pm

Western Wind Energy: A Matter of Trust, and Value: Filed under: Energy News

Western Wind Energy: A Matter of Trust, and Value: Filed under: Energy News

The company says such allegations are the work of a group of Vancouver based hedge funds, who have been buying the stock near current prices ($1.25 a share) and want to sell the company to a buyer like Algonquin Power (TSX:AQN, OTC:AQUNF ), which made and offer of $2.50 a share last October. Even if the unsubstantiated allegations about Ciachurski “plundering the company” were true, the plundering has been minimal, since shareholder value has increased substantially during the supposed plundering. That’s hardly typical of a company with unscrupulous management: Shareholder value in such companies almost always goes down, not up. We only have to look to wind turbine and solar manufacturers to see many examples of honestly run renewable energy companies with rapidly dropping shareholder value.

Full article: http://www.altenergystocks.com/archives/2012/07/western_w...

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