The Canadian Bioceutical CBICF

Better to understand

[JJKali043]

Hey all,

If i purchased 10000 shares of mpx today.
What does that turn into exactly?
do i get 0.16 IAN for it and MPX internatinal shares of 1:1?

Please advise thank you

[bogdansz]

You will endup having 1600 share of iAnthus + maybe some international shares

[FreeOuncesGold]

This post has been removed in accordance with Community Policy

[JJKali043]

So even if I only got in today i can still receive the bonus portion of the deal. I didnt need to buy yesterday? Thanks

[Kmd001]

The deal won't even be finalized until it's voted on by shareholders, likely in January  You didn't need to buy yesterday, today, or tomorrow.  You can buy any time until the plan of arrangement is finalized and MPX stops trading.

[bogdansz]

Ya anytime but how you can tell what`s the price of the share is gonna be. 

[Kmd001]

You can't, of course. The only thing you know is the ratio of shares you'll get if the deal goes through, and you know that you'll get some currently unknown value via some number of MPXI shares.  From here on, the MPX shares will trade in a sort of tandem with IAN, with the MPX price reflecting the offer ratio minus some real-time,  market-determined discount to compensate

[bogdansz]

Thats why Ive got my positions with PUF Ventures ( Recent License ),  Liberty Leaf Hold. Aplicant, Micron Waste, and Global Hemp Group and last and not least Abattis, GLTA

[SBoom75]

I will give you an example of how the share exchange transaction will work. Based on current share price of IAN $8.19. Anyone who is holding MPX will receive equivalent of the following in IAN shares: - $8.19 x 0.1675 = $1.37  + You will received shares in an new company MPX international. Best way to look at it.  At current prices, you would received $1.37 each MPX share.

[invfordollars]

I agree with what you have said here, but think it is worth putting a value on the MPX international shares where you will get one share per 10 shares that you have off MPX. They are doing this to try and improve the share structure of the new spin out company. What is the value who knows. But it is a value, perhaps 5 to 10 cents per current share. My guess is they do not want an MPX stock running

[Cannacan]

Are you sure about the fact that even if you bought MPX today for example you still get the MPXI shares? I thought I read somewhere that it applied only if you bought on or before the 17th? Thanks in advance. 

[Tiritos]

I think this offer for the actions of MPX is not going to be the final one. Otherwise your price would be approximated to 1, 28.

[Skilldrizzle]

THATS only if ianthus holds 7.64 and many deals off the start usually trade at 90% of their value until the deal approached finalization! If ianthus goes up we get more per share because our shares turn into theirs that also means our shares will be less of ianthus is less then 7.64