GB Group Ord Shs GBGPF

RE:RE:RE:RE:RE:RE:RE:Board has gone to cr@p.....

[Stonyguy]

Valuealk, I talked to my broker this week and I was instructed on the following two points.  First, there is a small window to reverse the tendering of CMED shares, about three days, however when ACB accepts the shares as tendered they are locked, period, no going back.  Second the lock-up is until one of two things, the deal expires in 105 days (or whenever the courts deem the offer period will expire).  Second the transaction closes, not approved.  I planned on tendering my shares until I heard that, then I sold. 

The possible outcome here is not something I could stomach, my capital tie up while the board of CMED fights a battle that they likely will not win and affecting my money (I can handle market swings affecting my money not someone else’s ego). Not to mention as soon as this is approved the share prices of both companies will fall as CMED’s SP will surgically attached to ACB’s at that point. This may not be the best deal however it’s a deal, CMED demonstrated this week with the last PR that they really don’t have what it takes to grow this company with that self-serving childish comment, entirely ego not business.  They cannot be trusted with my money.  IMHO