FAR 0.98% 51.5¢ far limited

RIU Good Oil Conference - Vide, page-31

  1. 904 Posts.
    Hey, I gotta say here.
    You can't blame Cop.
    Cop signed a binding contract with WPL.
    These Two Legal teams had plenty of time to design a PE circumvent long before the deal was announced.This design is based on clauses available.i.e. confidentiality agreements,buying the shares in BV,side agreements between the two.ie liabilities of BV.Athena etc.Just imagine if BV somehow miraculously had a liability to WPL cooked in the books.or even a Sunrise JV surprise,that Far or any other PE partner could never match.
    I just firmly believe Cop is tied by WPL though the sale contract.
    This would explain, the why not take our $430 m.
    I am not saying that Wpl will ultimately win.
    But their circumvent loopholes imho will go all the way to court for a binding ruling.
    I just think it was the plan from the beginning,under WPLs instructions.

    Kimbo.
 
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