OTCPK:GBGPF - Post by User
Comment by
MartialArtson Feb 28, 2018 1:10am
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Post# 27633960
RE:RE:Clarification from RBC, if you don't tender "Option 7"
RE:RE:Clarification from RBC, if you don't tender "Option 7"
I don't think the interpretations are different. RBC is simply providing different options for 1 and 2 for each of its customer type. If you look options 1,3,5 are the same. Options 2,4,5 are the same.
The "stay with CanniMed shares" if you don't tender, Option 7, is in the SEDAR filing. Just real deep and unclear. They probably received a lot of calls on this because frankly, it was confusing for the average investor.
Keep in mind, this is an offer to purchase all CanniMed Shares. Once Aurora has 66 2/3, they can effectly decide what they want to do with Cannimed since they control the vote. By "tendering" your shares, you give them the right to vote the way they want with the shares. Very clever as people here commented. You have to "tender" and hand over control of your shares to vote!
Really spectacular market "play". As PRO says, Aurora is truly a "Market Monster". PRO, and anyone else, I'm curious how you see this turn out as we head into home stretch in the coming 10 days or so...
Could Aurora turn around and say that for the non-tendered shares, they will offer much less? I've never seem something like this and it all seems to be legal. But common sense would dictate that Aurora will protect:
1. Themselves
2. Their own loyal shareholders
3. CanniMed shareholders who have tendered and "come on board"
I can't see anything more beneficial happening with the "minority left over" who didn't want to be taken over and didn't tender their shares?