OTCPK:GBGPF - Post by User
Comment by
GreyMatter22on Nov 22, 2017 8:43pm
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Post# 27016001
RE:RE:RE:CanniMed Therapeutics Forms Special Committee for Potential
RE:RE:RE:CanniMed Therapeutics Forms Special Committee for Potential VENMan wrote: The 20 VWAP based on closing prices for ACB not including todays trading day is $5.06 as I calculate it. If ACB wants to give CMED $24 then hand over 4.75 ACB shares for every CMED and keep it that way no matter what happens to ACB shares on a trading day up or down. It's always 4.75 ACB shares for 1 CMED share. Doing somthing like this the market will know exactly how much dilution will effect ACB shares and if buying CMED shares you know exactly how many ACB shares you get when you buy and the two companies can trade in unison when and IF the deal goes through! Ok, I'm done! ALL IMO, DYODD
It is true that ACB is trading at all time highs, but CMED is also trading at all time high as well, in fact the price from $15 jumped to the $19-21 range as soon as ACB interest came about. I would prefer ACB over HIP of all companies anyway.