PE is not a right to buy shares it is a right to buy the portion of the asset for sale, perhaps reading CN's belief she was entitled to buy COP Senegal BV is where you are going wrong?
A correction for you, the opportunity was given but not taken, instead they disputed the notification.
Whether you can afford it or not?? Joseph, I know you are serious but have a think about the last point. PE is not a mechanism to on-sell an asset and in the event it was attempted then the PE rights notification would start again for CNE. It still makes no sense anyway since the "backer" could simply lodge a bid in the first place without FAR taking a cut (which FAR holders have bandied about). Instead there is uncertainty and massive time delay something no major would waste their time on.
WPL Price at posting:
$32.41 Sentiment: None Disclosure: Held
