OTCPK:GBGPF - Post by User
Post by
PROtradingon Jan 03, 2018 1:21am
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Post# 27268041
Reread all the filings on the failed ACB bid
Reread all the filings on the failed ACB bidThe boys at Canaccord know the bid to buy CMED has failed, that's why they are buying up shares on the open market. 450K on the Dec 29th and 160K on Jan 2nd.
Too bad for them WallStreet (Goldman and Merryl) has clued in are are bidding up the share price.
The premium of 56% in November would have made the $24 a share "ok" back then but the world has changes, all share prices across the board have risen. If the "premium" was applied to today share price, it would have to be $48.73 per share or 4.06 share.
The cap is bogus. It was a pressure tactic and it didn't work. Now Aurora is left buying up cheap $24 shares on the market before the markets realize the true value is between $48-55 per share if we are to accept the overvalued ACB stuff that's being driven up by "painting the tape".
The lock up is also expired, that's why Aurora was trying to speed thing up! To avoid the expiry date of the lockup. Take you time, hold and enjoy the ride up! Aurora can have my shares for $40 and it's not because I like them or the Canaccord clowns.