OTCPK:GBGPF - Post by User
Comment by
VENManon Nov 20, 2017 1:45pm
131 Views
Post# 26997620
RE:RE:Question
RE:RE:QuestionLess than $24?
Today ACB said:
The Offer will provide holders of CanniMed Shares with 4.52586207 Aurora Shares for each CanniMed Share, subject to a maximum of $24.00 per CanniMed Share (the "Cap Price"). If the market value for 4.52586207 Aurora Shares is more than the Cap Price (based on the 20-day VWAP of Aurora Shares on the earlier of the expiry date for the Offer and the date on which the conditions to the Offer have been satisfied), then Aurora will adjust the number of Aurora Shares offered as consideration in the Offer, such that the consideration payable for each CanniMed Share is equal to the Cap Price.
The way I read this is if ACB has a 20 day VWAP of $6 CMED shareholders would get 4 shares of ACB ($6 X 4 = $24) and if ACB has a 20 day VWAP of $4 CMED shareholders het 6 shares of ACB ( $4 X 6 =$24) so it's $24 per ACB shares of what ever the 20 day VWAP turns out to be. ALL IMO!! DYODD!