Q: Finavera Wind Energy (FVR)
About 40 million shares, just agreed to sell their wind projects for 40 million and the share price has dropped to around 30 cents.
I find this curious and would appreciate help understanding.
I'm guessing an outright sale of the company would have been preferred as now shareholders are concerned what may happen with the $40 million?
About 40 million shares, just agreed to sell their wind projects for 40 million and the share price has dropped to around 30 cents.
I find this curious and would appreciate help understanding.
I'm guessing an outright sale of the company would have been preferred as now shareholders are concerned what may happen with the $40 million?