It has given others an opportunity to come in now at a lower price. The writing is on the wall, IPP is performing well and will continue to do so. REA has a stakes, over 22% to block any TO, but at the same time doing a TO themselves, either as a cash TO or in exchange for its own shares.Even at 10:1, the value given to IPP is less than $4, so this is cheap skates. This game won't last, the market will wake up to that.
IPP Price at posting:
$3.41 Sentiment: Buy Disclosure: Held
