OTCPK:WLDCF - Post by User
Comment by
QuickThinkeron Nov 03, 2018 8:06pm
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Post# 28920159
RE:Can anyone explain to me how this works
RE:Can anyone explain to me how this worksI'm not sure about what other people are saying because it details the following:
"Pursuant to the terms of the Transaction, based on the volume-weighted average trading price of Aurora Shares on the TSX during the 20 trading day period ending September 7, 2018 an ICC Shareholder would receive 0.2448 Aurora Shares for each ICC Share held, resulting in Aurora issuing approximately 36.2 million Aurora Shares (fully diluted, treasury method) in connection with the Transaction, representing approximately 3.6% of outstanding Aurora Shares after giving effect to the Transaction (actual number of shares received and issued will be based on the volume-weighted average trading price of Aurora Shares on the TSX during the applicable 20 day period preceding the completion of the Transaction)."
I feel like at the time the deal was negotiated, this ratio (1 ICC for 0.2448 ACB) resulted in a share price of approx $1.95 per ICC. This isn't the case today. So why are people going on and on about $1.95? It makes sense that the ratio is what stands.