OTCPK:GBGPF - Post by User
Comment by
MartialArtson Jan 11, 2018 2:07am
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Post# 27331227
RE:Likelihood of ACB-CMED merger
RE:Likelihood of ACB-CMED merger
I agree, I don't see the merger going through. It's hostile so that's working against it. The cap at $24 is the nail in the coffin.
As a CMED shareholder and ACB shareholder, I'm not going to lose money to tender shares to ACB at a loss even if it would benefit ACB. I'm not on the market for charity. I'm here to make money.
ACB has been on an acquisition spree and I can see why it does this. It's part of the reasons I hold ACB but lost in all these discussions is why Aurora is late with Aurora Sky? It was to be completed by October 2017 yet, there's now just vague mention of late summer 2018? That seems to be a big mistep here and the attention seems to all be on this hostile merger. Sounds like the way Trump likes to divert attention.
Another huge concern is the land is leased! Why would you put so much money on lease land when Edmonton is surrounded by cheap vacant land? Why not purchase your land and own all the assets? Who is it leased from? Someone at arms-length from ACB?
The more I research Aurora, the more I'm unhappy. I'm about to sell my ACB and divert the money into CMED or one of the many new horses entering the race. ACB seems to be taking on a lot of risks and making enemies instead of friends in this space. The technical on ACB seem to be showing some red flags.
Anyone else selling ACB to buy CMED or something else? Seems ACB has been trading negative while CMED is flat or positive?