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News Focus
Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum GMP Capital Inc. Cumulative Floating Rate Preferre T.GMP.PR.C

Financial Services Capital Markets

Bullboard (TSX:GMP.PR.C)

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Comment by SamRothsteinon Nov 20, 2020 12:52am

RE:RE:RE:Confused...

It depends on your cost bais per share, and whether you tendered all your shares are not.   If your cost basis is less than $2.42, and you tendered all your shares, then your profit is the ...more  
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Comment by Ravdanon Nov 19, 2020 10:00pm

RE:RE:Confused...

Thank you for giving it a shot SamRothstein...but it fly over my head. Lol. if you have the patience...ques. So I assume I am gaining from this as I had purchased my shares over a year ago ?    ...more  
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Discussion
Comment by SamRothsteinon Nov 19, 2020 7:33pm

RE:Confused...

Ravdan, the 39% refers to the amount of shares that each minority shareholders tendered that will be purchased by GMP at $2.42.     The SIB was oversubscribed, so with the proration ...more  
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Discussion
Post by Ravdanon Nov 19, 2020 7:03pm

Confused...

It would be appreciated if someone could explain this news today. I see the stock price went down...but from what I'm reading here we (or some people)  are getting a 39 % stock increase ...more  
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Discussion
Comment by SamRothsteinon Nov 19, 2020 7:02pm

RE:RE:39% of the shares you tendered will get purcashed at $2.42

Correct.  Only the minority shareholders were eligible to tender.  I'm not sure what you find odd about that particular number of shares being tendered.  What exactly do you think ...more  
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Discussion
Comment by SamRothsteinon Nov 19, 2020 4:17pm

RE:RE:RE:39% of the shares you tendered will get purcashed at $2.42

Astutein, I am not sure if I will buy more or not as I even after 39% of my shares get purchased I still have a really large position.  I will probably wait and see what their next earnings ...more  
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Discussion
Comment by astuteinon Nov 19, 2020 1:08pm

RE:RE:39% of the shares you tendered will get purcashed at $2.42

Sam I think by ourchasing shares back at $ 1.61 approx it is a goog move.   100% of richardson wealth is good investment now and provides little risk.  The new entity in next six months will ...more  
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Comment by astuteinon Nov 19, 2020 12:59pm

RE:39% of the shares you tendered will get purcashed at $2.42

Sam - I too are happy with the39 % for my shares.  Some individuals who purchased shares after the announcement of 2.42 purchased the shares of  trying to be smart bt purchases shares at $ 1 ...more  
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Comment by Wisedreameron Nov 19, 2020 9:26am

RE:39% of the shares you tendered will get purcashed at $2.42

Aren't only the minority shareholders i.e the 16,528,926 eligible to tender?  The rest of the people are conflicted from participating in the SIB.  So I am scratching my head why there ...more  
91
Discussion
Post by SamRothsteinon Nov 19, 2020 8:58am

39% of the shares you tendered will get purcashed at $2.42

Kaching! Finally.  I have a huge position here and actively campaigned against the 2nd offer that was made to minority shareholders.  I'm really happy to get approx. 39% of my shares ...more  
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Comment by astuteinon Oct 16, 2020 8:14pm

RE:RE:RE:RE:RE:RE:RE:RE:SIB

thanks.I will tender my shares and hope for best take.  Nothing to lose by tendering shares.
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Comment by SamRothsteinon Oct 16, 2020 1:09pm

RE:RE:RE:RE:RE:RE:RE:SIB

Hi Astutein, The minority shareholders currently own 31.41%.  The 25.58% is what they will own after the full $40 Million is used to buy their shares.   And while there are 75.434 ...more  
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Comment by astuteinon Oct 15, 2020 11:50pm

RE:RE:RE:RE:RE:RE:SIB

Sam  Based upon my facts most but not all of minority shares will be taken at $ 2.42 Based upon todays market cap 144834 divided by 1.92 there are 75.434 share outstanding. Company states ...more  
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Comment by astuteinon Oct 15, 2020 11:00pm

RE:RE:RE:RE:RE:SIB

thanks Sam-I t claifies most of my confusion.  Why won't anybody buy shares today at $ 1.90 and then tender at 2.42 to make .50 cents i?
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Discussion
Comment by SamRothsteinon Oct 15, 2020 6:18pm

RE:RE:RE:RE:SIB

Hi Astutein, I just posted an anser to Wisedreamer that I think will answer your question.   If it doesn't let me know. SR
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