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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  
97
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  
72
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  
73
Discussion
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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Discussion
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  
97
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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Discussion
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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Discussion
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  
117
Discussion
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?
57
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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Discussion
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