OTCPK:WLDCF - Post by User
Post by
fortune420on Sep 13, 2018 8:10am
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Post# 28610573
ICC deal points to an imminent major catalyst
ICC deal points to an imminent major catalystThe language in the ICC deal points to an imminent major catalyst. Read the wording very carefully and ask yourself why it is worded the way that it is. Under the terms of the Transaction, each shareholder of ICC (ICC Shareholder) will receive $1.95 per ICC Share, payable in Aurora Shares valued at the volume-weighted average trading price of Aurora Shares on the TSX during the 20 trading day period ending the second to last trading day on the TSX immediately prior to the Effective Date (as defined in the Arrangement Agreement), being the date the Transaction is completed (the Aurora Share Price). I read this as a 20 day period followed by 1 day that is excluded prior to the effective date. Even if I have interpreted the wording incorrectly, why is written like that? In my opinion, the objective here is to try and protect ICC from getting fewer shares due to an expected spike in ACB’s share price. They only get $1.95 per share in ACB share value during the 20 day period. If ACB was to double in price they would only get half as many shares. A huge ACB run would make the deal a horrible one for ICC shareholders. If part of the sales pitch to ICC included insider knowledge about future announcements or deals, it all makes perfect sense. If ACB ran up 50% in the near future the ICC shareholders would be at a $3 value for their share but ACB only paid $1.95 at the time of the agreement. This would also help squash a Superior Offer. So when is day one? What is so special about the LAST day prior to the Effective Date? I think ICC was asked if they would like to join us on a very pleasant drive. This 20 day period may have already started earlier then the Sept 10th news release meaning that big news is imminent. Or maybe it started Sept 10th which would end Oct 5th. This would make Monday October 8th the day of interest at the latest. Below I have posted a link to an Aurora Investor PDF file with Sept 10th in the file name (the same day as the news release). It includes ICC in it. Why would they do that if they didn’t have all of their ducks in a row? I think it says a lot. What do you think? https://drive.google.com/file/d/15CBmpvQOp-l0_1nXgYuWeu9-_XUV65AU/view ACB long and prosper.