Post by
KerBer on Sep 10, 2018 9:56pm
A little clarity.
There is a great deal of confusion on today's NR. First of all, it is not a cash or share deal. it's strictly an all share deal. Aurora's IR firm in New York, KCSA Strategic Communications, ( Aurora's IR site in Canada does not work ) told me today that ICC shareholders will get .2448 of an ACB share for every share of ICC they hold. As an example, look at the transaction between Medreleaf Corp and Aurora announced on the 14th of May. That deal stated that Medreleaf shareholders would get 3.575 Aurora shares for each share they held. The shares of Aurora were trading at $8.07 that day. Fast forward to the closing of the deal on July 24th and Medreleaf shareholders got 3.575 Aurora shares for each share they held despite the fact that Aurora had dropped to $6.94 on the closing day. That transaction also was based on a 34% premium. So it looks like in approx. 2 months, regardless of what Aurora is trading at, we will get .2448 of an Aurora share. Only ICC shareholder will have to vote on the deal.
Comment by
Sid123 on Sep 10, 2018 10:08pm
Formula ICC shares held X .2448 X ACB SP= $ If that’s correct we are saddled to how ACB does
Comment by
Shazam75 on Sep 10, 2018 10:14pm
This post has been removed in accordance with Community Policy
Comment by
KerBer on Sep 10, 2018 10:31pm
Everyone has to decide what's best for them. I am going to hold on, we have a base of $1.95 and if ACB's share price rises, we stand to get a better premium on our shares. I'm not a fan of ACB but I do think that the cannabis market is irrational at the moment and approaching legalisation, we should see most cannabis stocks move north.
Comment by
Shazam75 on Sep 10, 2018 10:36pm
This post has been removed in accordance with Community Policy