RE:Aurora Cannabis and CanniMed Therapeutics Hypothetically, today, you have 1000 ACB, you sell tomorrow at the open for say 13.75, pocketing $13,750. You buy CMED at open at about $41.98 with your $13,750, it gives you approx. 325 shares, it’s a couple more, but call it 325.
Now you wait for the deal to go through and you get 3.4 shares of ACB for each of your 325 of CMED, equaling 1105 ACB at implied cost of $12.65 = $13,978.25 and that is if ACB should drop to that level prior to the deal going through. You are netting out 105 extra shares for making the switch from ACB to CMED only to end up with ACB again, am I missing something? Does this make sense?