GB Group Ord Shs GBGPF

LOAD UP ON CMED TRAIN BEFORE ITS TOO LATE

[WarrenBuffettt]

Current Cmed price of 38.9 will give you ACB shares at $11.44 per share.

This will not last long.

Option 1.
$38.9CMED/3.4ACB= 3.4 ACB shares at $11.44

Option 2.
($39.9Cmed-$5.7Cash)/2.9ACB= 2.4 ACB shares at $11.44

DONT MISS OUT AS THIS WONT LAST LONG

[korpfu]

Without knowing the closing prices on the actual deal this means nothing

[SmellsFishy]

You know the conversion rate is set at 3.4 for 1.   Buy CMED and sell 3.4 shares of ACB and you lock in profit.  Simple arbitrage.   We rarely see this.

[korpfu]

Not if the conversion price for ACB is less than 11.38

[WarrenBuffettt]

Your the type of guys to put stop losses $0.2 below your purchase price. If you think ACB will drop below 11.38 then sell and but when it dips Hahah. We need people like you to sell your share to those who see the true value in this company and merger

[WarrenBuffettt]

aimed at korpfu

[korpfu]

Ok genius, tell the board what conversion price on ACB will be used to close the deal

[SmellsFishy]

Am I missing something?  Explain why you're so concerned of conversion price of ACB.

[korpfu]

If they used a conversion price of 10 bucks, CMED would be only worth 34 bucks Why would I load up on CMED now without knowing the conversion price?

[silkroad007]

They set a 3.4/1 ratio, who cares what the price is when it happens.  The point right now is there is discrepancy between the two stocks and the ratio already set.  Price irrelevant.  Yes if they both go down you will lose, sell and buy at a lower price like any other day.  Thats not the point here.  The discrepancy in both stocks vs the ratio set.  This will close

[SmellsFishy]

DId you read my arbitrage post?????  I sold the ACB at 13.45 already.   I don't give a phack if ACB goes to a penny.  I already made my profits.    Good luck to you.

[SmellsFishy]

Maybe this will help you.   I bought at CMED at 38.89. And sold at the same time ACB 13.45. Ratio.= 38.89 / 13.45. = 2.891 Deal ratio set at 3.4   3.4 - 2.891 = .509 .509 * 13.45 = 6.84$ profit for every share of CMED purchased.   

[SmellsFishy]

At worst you ge 2.9493 and 5.70$ cash.  That still gives me 45368$ Under the New Offer, CanniMed shareholders may receive in respect of each CanniMed share, 3.40 Aurora shares or a combination of cash and shares at the election of each CanniMed Shareholder, subject to pro-ration with the maximum aggregate cash consideration of $140 million. Based on an implied Aurora share price of $12

[rghalifax]

I'm no pro but it seems to me that cmed should be worth 3.4 times what acb is right now....and it isn't.So unless the deal crumbles i should sell all my acb and buy cmed...seems simple enough but you usually don'r see it

[WarrenBuffettt]

The incentive is for people to buy CMED until a 3.4 ratio is achieved. However, other than the ACB LONGS who sold their ACB to get CMED for the 17% discount. There is no incentive for ACB to drop down to the 3.4 ratio of CMED current trading price. The market reality is that CMED will increase until a 3.4 ratio is achieved with the ACB SP at the time. Therefore if you are ACB LONG then either

[lashout]

This post has been removed in accordance with Community Policy

[PROtrading]

Because the idiots at ACB use one of these and they are out of batteries!

[SmellsFishy]

A clear case of arbitrage if the deal holds.   I just locked in $6.84 profits on my CMED shares purchased today.   Bought CMED $38.89  and sold short 3.4 shares of ACB at for every CMED bought.   This is owsome!!!!!!!   

[SmellsFishy]

ACB at $13.45

[korpfu]

Yes but we dont know what the conversion price on ACB is. if they valued ACB at 10 bucks, then CMED should be 34. CMED is dropping.....someone knows something

[SmellsFishy]

Ok i see you don't have a degree in finance.   Buy 1000 shares of CMED at 38.89 for $38890. Sell short 3400 shares of ACB at 13.45$ For 45730$ Deal closes and I get 3400 shares of ACB for my 1000 shares of CMED.   I close out my short with the 3400 shares of ACB received.   So so my purchase of 38890$ of CMED earned me 45730$ from ACB This is called arbitrage.    

[korpfu]

OK I see you cant read....I said if the conversion price was less than 11.38.....didnt say ACB would drop to that

[silkroad007]

You d'ont understand much do you?  Math is confusing?  Even if the price of ACB drops to $1 and CMED drops in lock step there will still be an offset of 15% happening.  Its not about the $$ is about the % right now and the buyout ratio. Smart money is buying CMED period.  Sooner or later all the Korpfu will have exhausted their brains and moved on and the gap will close

[SmellsFishy]

The HIP move to 2.50$ after the deal with CMED setting the price at 80 cents proved your last statement about the weed sector.   Now that the deal is dead the share price is dropping.  

[PROtrading]

Correct, the marriage with smelly pimpled faced kid HIP is OFF.  Idiot bought a Corvette to impress Princess CMED but she call it off, gave him 41 cents per CMED shares and told him to  keep supplying her with the weed for 15 months!  LOVE IT! Princess CMED "says" she's ok with the marriage to ACB (Awesome Corporate Bozos) but I have my doubts.  Something tell me

[longonMJ]

For the regular retail investors, we would not be able to do this as the big bank online discount brokerages like TD Waterhouse and RBC will not allow you to short these stocks. Not sure if this is actually true or not, but this is what I am hearing.

[SmellsFishy]

Closed out my trade.   Bought back the ACB at 7.25$ and sold my CMED at 27.00$.   Gave me net 9190$ profit per 1000 shares of CMED -  commissions 

[PROtrading]

SmellsFishy and SmellsStupid!!! EWWWW!!!!!!  Spot the smelly scumbag! Dude, there's no record of you buying CMED at sub $30, nice try!!! LMAO!!! https://www.stockhouse.com/members/bullboard-post-history/smellsfishy/ Careful here because I'm the CMED Bullboard Moderator.  PRObono!

[SmellsFishy]

Dude,  I closed out my arbitrage postions.  Never said I bought CMED at sub 30$.   I sold CMED 27$ and bought back my short on ACB at 7.25$.   Try taking the time to properly read before doing your rant.

[MartialArts]

SF, how did you short ACB?  Not that I would consider doing that anytime soon but it's something I'd like to be able to be setup for.

[SmellsFishy]

I still have a PRO account set-up with my ex employeur, even though I am now retired.   I had no problem shorting ACB.   I have since learned that most discount brokers won't short the weed stocks.   Explains why their was a huge arbitrage opportunity.   So much for fair and transparent markets.  Some of us have a huge advantage.