OTCPK:GBGPF - Post by User
Comment by
thorgb1on Dec 20, 2017 4:19pm
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Post# 27199299
RE:RE:RE:Post on Aurora Board saying deal was blocked
RE:RE:RE:Post on Aurora Board saying deal was blockedoilcan2012 wrote: Hearing was scheduled for three days. A good idea to rely on official press releases opposed to basher heresay.
Hopeful75 wrote: Unfortunately it's all fake news... people trying to get ACB to sell and vice versa. No block. IF THERE WAS A VERDICT BOTH STOCKS WOULD BE HALTED... ONE IS RED THE OTHER IS GREEN. I wouldn't expect any news until next week imo. I voted for both CMED and ACB. Have a good holiday guys. Hopefully this drama ends soon. Either way both stock would do fine together or apart IMO
The hearing is simply to determine if "the 38%" shareholders must exclude themselves from voting on the HIP transaction. That's it. It's not the definitive ruling one way or another on the ACB transaction. If CMED wins its bid, it just makes for an easier path to the acquisition of HIP, which should then occur in January. ACB would then have to decide if they are going to continue with the idiotic hostile attempt, approach CMED in a friendly manner, because they would then be able to talk and not have to pay $9M to HIP, or withdraw their offer altogether. This is probably a pretty big move in the chess game, but it's not a checkmate either way.