I no longer hold any WEC shares having sold some time ago.
These clowns are supposed to be operating in the interests of WEC shareholders, indeed they have a fiduciary duty - Flannery admitted in evidence that they negotiated the Cascade deal among themselves ie they started with an guesstimate that Delloittes gave them which assumed the collapse of the $AU over time and then applied a rubbery discount rate to cover undefined uncertainties and came up with a figure of $600m.
None of these experienced WEC Directors considered the position of WEC shareholders who were not party to 'the deal' - I'm sure there are a number of former company Directors whove been banned for less. I can't help thinking that we are seeing the tuip of the iceberg here. Fortunately the felix sale went through before all these shenanigans started.
WEC Price at posting:
20.5¢ Sentiment: Sell Disclosure: Not Held