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Provincial

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  1. Fellow Board members: I used to write here occasionally with the "Quebec" handle but I have deleted my account. I wrote some posts on the Fibrek thread which I truly regret publishing. They were my personal toughts paraphrased on the moment, not thoroughly researched facts. I got carried away, did not look at it properly from both sides, used biased information, and realized too late that I was being stupid and could be hurting great reputations for no good reasons. I sincerely apologize. In fact, my mind is changing on this Fibrek deal, as I get educated and if I review the transaction one step at a time. I hardly slept last night because thinking about this over and over. As <iv said, part of the consideration was RFP stock, and if you believe RFP was worth more than its stock price back then, it made perfect sense to favor that offer, even buying above 1.00. (If you value RFP say at 30 then you get that 1.50 for your Fibrek) Eventually I got to like RFP myself, bought more, and came out fine with this big, liquid stock. This is much inline with what Fairfax suggested could happen by tendering into the RFP offer. Because I can make such mistakes writing, from now on I return to being a silent reader only.
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