OTCPK:GBGPF - Post by User
Comment by
PositivePeteon Nov 14, 2017 9:52pm
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Post# 26964798
RE:RE:RE:Aurora proposes to buy Cannimed
RE:RE:RE:Aurora proposes to buy Cannimed Yes sadly they ran up the price, and might do so even more to like $8.
Then you get 3 shares to get the agreed $24
Then when ACB goes back to $3 due to dilution by the time the deal closes, you will get $3 x 3 = $9
So no wonder it is hostile..
They are paying half price.. lol
Balthus wrote: What I don't like about this deal is that Aurora's sp is overvalued by recent hype; up from 3.79 to 6.41 in the last 5 days, that's +69%. So we'll be getting overvalued ACB shares for each CMED share. In the end, we won't be left with much of a premium once Aurora's sp falls back after profit taking and day traders leave the hype.
Cannimed has been so undervalued, I think it's more bitter than sweet.
thorgb1 wrote: I've been expecting someone would be coming for us. Nice premium over today's closing price, but if we would have been more aggressive over the past year our share price would be $30 already, so kind of bittersweet. On to the next one.....