OTCPK:GBGPF - Post by User
Comment by
lesla222on Jan 06, 2018 12:23am
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Post# 27295881
RE:Chasing
RE:Chasing I have held ACB since I bought at $1.78. I have alot of faith in Terry Booth, and I believe he and Aurora will be successful in taking Cannimed over. I have no faith in Brent Zettl, and his actions with regard to the takeover bid have only been in an effort to secure his position, not what is in the best interest of the shareholders. Cannimed stock price is inflated because of all the controversy. One of three things will happen. 1. Aurora will win its takeover bid, and shareholders who would have received 4.5 ACB for every CMED will now be lucky to get 2 ACB. 2. Aurora will pull out of the takeover bid and CMED will drop back down to the $10 range it should be at, but struggle to compete in the market due to Zettl and likely end in some other takeover down the road. 3. The takeover bid will fail because CMED does the HIP deal, which will likely be the last deal they make.
The only scenario in which CMED shareholders have any chance is with the Aurora take over. ACB will continue to grow with or without CMED. But CMED, without Aurora, will stagnate and in the end, likely die.