OTCPK:GBGPF - Post by User
Post by
VENManon Nov 28, 2017 9:35pm
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Post# 27051007
ACB recent $115 Million Debenture Financing
ACB recent $115 Million Debenture FinancingLook at the details in this ACB Financing. The debenture converts to common stock at $6.50 per share. Why is this important? Because CMED thought the $5.50 per share ACB used to value themselves was overvalued. CMED wants to protect shareholders from the big bad ACB Wolf that wanted to give you $24 a share or 4.53 shares. All CMED had to do was lock it in and it might be trading at $37.38 right now. 4.53 shares X $8.25 ACB shares = $37.38. thanks for nothing. ALL IMO! DYODD!!
DETAILS: ACB latest $115 M Financing:
The Debentures will have a maturity date of 5 years from the Closing Date of the Offering (the "Maturity Date") will bear interest from the Automatic Exercise Date at 6% per annum, payable semi-annually on June 30 and December 31 of each year. The Debentures will be convertible, at the option of the holder, into common shares of the Company ("Common Shares") at any time prior to the close of business on the Maturity Date at a conversion price of $6.50 per Common Share (the "Conversion Price"