RE: news-EMC mgt looks astute"...by way of a share exchange at a deemed value of C$1.15 per High Plains common share, provided that the number of High Plains common shares to be exchanged for each EMC common share shall not be less than 4.5 or greater than 6.2 High Plains common shares. For purposes of calculating the share exchange ratio, EMC\'s common shares will be attributed a value equal to the volume-weighted average trading price on the 20 trading days prior to the close of the business
combination..."
I am sure EMC cut a fair deal, but the way this worked out certainly looks favorable to EMC. Call it luck, but HPU shares were locked at a deemed value of C$1.15 when the deal was announced, whereas the value of EMC shares to be exchanged have certainly benefited from the rocket rise we've seen the last few weeks. Yep, call it luck, but you know what they say, CRBBULL, 'you make your own luck' (or was it 'ya got to be good to be lucky, lol!)
