OTCPK:GBGPF - Post by User
Comment by
drdeanon Nov 16, 2017 9:29pm
351 Views
Post# 26981178
RE:RE:RE:merger take out
RE:RE:RE:merger take outtotally agree regarding how this has gone down. As I noted in a previous post, Board members (which includes reps from the institutional investors, and CEO) collectively own or control 38% of the outstanding shares - the proportion locked up by ACB. When I heard the VP from ACB say that they were approached by a group of ACB shareholders, I realized that it was Cannimed's board that inititated talks. In this context, it is rather bizarre how this has played out. (Not to mention how vague the deal terms are.) I contacted Cannimed earlier today for comment. None yet.
That said, I can definitely get behind this (love ACB, but sold last week) - if it goes well.