RE:RE:RE:RE:RE:RE:BAMM news clarificationExerpt from therecent news release:
Purchase price represents an approximate 50% premium over BAM’s recent closing price, on a fully diluted basis.
Read more at https://www.stockhouse.com/news/press-releases/2017/12/21/friday-night-inc-announces-loi-to-acquire-body-amp-mind-inc-in-all-stock#7uWifyxMv2G34WIy.99
"Purchase price represents an approximate 50% increase over BAMM"S recent closing price on a fully diluted basis" Given that the last closing price for BAMM before halt was 1.20... a fifty percent premium would be approx.1.80. Shareholders of BAMM are set to get 2.5 shares of TGIF for each BAMM share.I personally wouldn't pay any more than 2.00 for a BAMM share right now but current SH of BAMM should be hoping that the SP of TGIF soars. Example if TGIF shares are 4.00 for example when this deal closes BAMM shareholders will get 2.5 shares @ 4.00 = 10.00 value. If based on Dec. 20 closing price of 1.00 (which I can't see but possible) BAMM SH will recieve the equivalent of 2.50 per each BAMM share. If BAMM shares are driven over 2.50 BAMM SH's could actually lose in this scenario.
Smart money is still with TGIF IMHO.