OTCPK:GBGPF - Post by User
Comment by
MartialArtson Mar 27, 2018 5:01pm
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Post# 27790039
RE:Two-step Merger
RE:Two-step Merger
Correct. That's why I no longer hold CMED. I questioned multiple people as to what the "fair cash compensation" would be in this case since it's clear Aurora must have 90%+ shares by now.
Best case scenario today is 3.4 x $9.53 = $32.40 cash
But let's not forget that Canaccord has downgraded ACB.
Given the clear downtrend, breaking the $9.50 support, there's not much support until $7.11 so fair cash compensation might be:
3.4 x $7.11 = $24 cash
And if we break that and end up with November $4 ACB share prices, that's
3.4 x 4 = $13.60 cash
If the wider markets were in a bull market, I would say ACB at $4 is impossible but considering this is what ACB was trading at in November, if the wider markets crash, there will be a lot of panic until that price.