OTCPK:WLDCF - Post by User
Comment by
TheRealMarkCubaon Oct 23, 2018 10:45am
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Post# 28855689
RE:Why is ICC going down...
RE:Why is ICC going down...From the NR:
"The Circular has been provided in respect of a meeting (the Meeting) of ICC Shareholders to be held on Tuesday November 6, 2018 at 9:00 a.m. (Toronto time) at the offices of Norton Rose Fulbright Canada LLP located at Royal Bank Plaza, South Tower, Suite 3800, 200 Bay Street, Toronto, Ontario. At the Meeting, ICC Shareholders will be asked to consider and vote on a special resolution (the Arrangement Resolution)"
..."If the Arrangement becomes effective, each ICC Shareholder will receive $1.95 per ICC Share, payable in common shares of Aurora (the Aurora Shares) valued at the volume-weighted average trading price of Aurora Shares on the Toronto Stock Exchange (the TSX) during the twenty trading day period ending on the second to last trading day on the TSX immediately prior to the date the Arrangement is completed, all as further described in the Circular."
20 days back from Nov. 6th if I am reading this correctly, therefore we are getting affected by the VWAP. And it hurts.