OTCPK:GBGPF - Post by User
Comment by
BTFDInvestoron Dec 01, 2017 3:32pm
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Post# 27074761
RE:Conversion rate
RE:Conversion rateIts set at 4.5 shares but capped at $24 worth of shares. Meaning as the share price rises above $5.33 (24/4.5), us CMED shareholder get absolutely nothing from the growth and our ownership in the combined company is prorated down. At the current price, we're getting roughly 3.2 shares. A seriously troubling condition of the deal.
GLTA