GB Group Ord Shs GBGPF

RE:No Tender CMED

[MartialArts]

If you do not tender your shares, you miss the "Improved Offer Take Up Date" which is tomorrow, unless extended which I can't see Aurora doing.  Keep in mind the cutoffs are before tomorrow depending on your brokerage.

And if you don't tender you STAY with CMED shares until Aurora declared a "Subsequent Take up Date" or "Compulsary Take Up Date".  That is dependent on whether 90% of the shares have been tendered or not.  No disclosures on what happens on those subsequent dates except one would expect the 3.4 shares. This information is buried in the offers going back to November actually. 

So it's a gamble.  If you don't like the speculation:

1. Sell here at at the $38-$40 range.  You get cash and you can do what you want with it including buying ACB if that's the name you like.  That's why some sold at $40.  I would be buying here at $38 but I'm already overextended on this stock so I've started looking for better undervalued targets in and out of this sector.

2. Tender for shares.  You get 3.4 ACB shares
3. Tender for part cash. You won't get $43 per share unless only 13% of shares get tendered for cash so option 1 is actually better if you really want cash. It's instants.

4. Hang tight with your CMED shares expecting that some people will have tendered their sales and have also sold them.  TD prevents you doing that. RBC doesn't.  I'm not sure of others since I only know people on TD and RBC.  There's been very little discussion on this although Pro has mentioned it with his vague Princess tales.    Pro has all his shares untendered from his last report I have most of my shares untendered.  I tendered some back for cash to see that percentage of cash I would get.  I'm guessing more than 50% but it's all speculation.

Keep in mind that option 2&3 for tendering/untendering might have passed with your broker. So get confirmations whatever you do and don't assume the reps on the other side of the phone know what they are doing.  Be clear with your instructions. Calls are recorded and the brokerage will have to honor your instructions if you are clear and if you have received confirmation on the tendering/untendering.

Take care everyone.  This was not an easy take over to figure out!