RE:I WAS WRONG ABOUT CMED!
FOCUS2WIN wrote: It appears many are willing to pay $3.00 over the ACB offer of $24?
Maybe the deal does not happen?
Friday could determine all...
btw, ACB long.
F2W
Their voume for the day as of right now is 362,900. Compared to to APH which is 4.3 million, Canopy which is 5.2 million, and ACB which is 11.2 million. Almost no one is trading Canni-med from what I can tell. I'd be willing to be most of their volume is ACB buying the rest of their shares. Really makes no difference if you ask me, whatever their SP is we won't pay more than $24 for them. Hypothetically even if we didn't their SP will crash back down to near $12 to what it ACTUALLY should be before we put in a hostile takeover bid. Part of me wants this deal to not go through just so it will silence the ignorance of the Canni-med investors. They think they earned $27+ a share... they didn't. They have been riding the ACB wave, I still feel strongly that we're going to aquire them.
Time will tell....
ACB for the win!