GB Group Ord Shs GBGPF

Clarification from RBC, if you don't tender "Option 7"

[MartialArts]

Document dated Feb 16th

Option 7, if you don't tender, you don't participate in this offer and that is the default.  If you read the SEDAR material, Aurora hasn't disclosed what happens after than except there are two other take-up dates which they can invoke after the Improved Offer deadline.  As I said, if you aren't planning to sell but don't be want to be left with minority, in limbo, shares, tender with Option 1.

The options 1 and 2 are expanded to 3-6 for interntational and US holders (for tax purposes only).
I think this wasn't done by Aurora but by the RBC based on the questions it was getting?



On page 2, it does state "The Tax Instruction Letter will be posted to, and then be obtained on, the Offerer's website https://cannimed/auroramj.com on or about March 1, 2018"  If you just do shares, I don't think there are tax implications, that would only be for the pro-rated partial cash option.

Looking at the site, it seems it tax instructions will be posted here: https://cannimed.auroramj.com/tax-information since it references the March 1st date.

[longonMJ]

MA:  Greatly appreciate the scan of your clarification sheet from RBC.  Are you saying that they also list these 7 options on SEDAR, as you also seem to imply that you feel this is RBC's own interpretation of how to proceed with Aurora's takeover proposal?  Definitely not good news if investment houses are being left to come up with their own interpretations of what is

[MartialArts]

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

[MartialArts]

Sorry, options 2,4,6 are the same!

[longonMJ]

Yes, it really looks like it's nothing more than a finer or more detailed breakdown of the same options according to whether you are a Canadian, American, or Foreign shareholder. Interesting to note that the Corporate Action Notice from TD has a third option which is the so-called Share & Cash Option which apparently is supposed to allow the shareholder to specify any combination of

[GarlicToast]

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[Tri5cui7]

Thank you for this. Can someone explain to me how the proration would work? If  you have 100 shares at todays price will they actually be converted into $43?

[GarlicToast]

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[PROtrading]

How many times does this have to be explained?  MA and someone else posted the scenario!!!  Look back a week of so.  Those guys were spoonfeeding everyone!  LOL If you have 100 shares today and if everyone took the cash option, you would get $5.70 plus 2.9493 ACB shares per CMED shares. So you would get $570 cash which you have to declare for tax purposes on non-registered

[MartialArts]

Pro, please be nice to people here.  The CMED bullboard is very civilized and we want to keep the discussions good, open and without attacks.  Please?  I like when you fight back the "clowns" as you call them but here, there's only good people with good discussion.  The last clown hasn't posted for some time and appears to have moved on to other stocks. I

[longonMJ]

Sounds as though my default option of all shares might not be exactly correct, although this is possibly the likely choice that Aurora might choose for anybody that does not bother or forgot to call in to tender their shares.   I guess only time will tell as to what whats to the non-tendered shares. Bottom-line:  Anybody selecting the Option 2 or All Cash Option will be receiving

[Tri5cui7]

Thank you for your answer! I’ve actually emailed them for clearification and I will post that when I receive it. Thank you again!