GGB offer and how the GGB share holdersget screwed.
GGB basically created an offer that wil never come to fruition . As a result GGB needs to pay $7.5 million to All J's out of GGB's money in the form of PV shares .
"In consideration of the commitment provided under the Commitment Letter, GGB has agreed to pay All Js a non-refundable commitment fee of C$7.5 million, which is payable by GGB through the issuance of 2,504 PV Shares of GGB at a price of C$2,995 per PV Share."
"The Investment contemplated by the Commitment Letter is subject to a number of conditions, including, GGB purchasing at least 66 2/3% of the outstanding shares (on a fully diluted basis) of Aphria on the terms set forth in the offer and the circular as filed on SEDAR on January 22, 2019."
Wow!.. The rich certainly know how to get richer.