Newstrike Brands Ltd NWKRF

RE:RE:Strong bid @ 1.12 shows a solid bottom,signal CMED to gap up

[Duxing]

Even if ACB takes over CMED, CMED will not drop to 24. It is not cash offer, it is full stock exchange based on ACD 20 day volume weighted trading price, which is under 11 now as long as ACB stock maintains at current price or go up even higher. 

Assume the takeover happens right now: 
one CMED share equals 24/11= 2.18 ACB shares
Based on yesterday ACB close price 12.32, CMED would worth 12.32 x 2.18 = 26.85
plus a 20% price boost from the merge:
CMED price would be 26.85 x 1.2 = 32.22.

CMED would be always a winner no matter which deal goes through.