Could it be... ACB to be the largest MJ company?wow...wow....13.50 open tomorrow.That rush at close really shows strength and confidence... onwards and upwards.
A lot of people believe CMED is trapped and if they don't take this deal... it's check mate youll have shareholders bailing and of course, ACB bailing which will send the price of CMED down the drain. This is what you call a check-mate style move on CMED. Meeting together to discuss terms is just ACB being nice.
The reality of it is, shareholders of CMED have lost faith in their leadership. This is CMED leadership trying to show some sanity and coming to terms. They really don't have much leverage. ACB holds a big chunk of the shares... and they will be forced to take a slightly sweetened deal.
The probability of the deal happening will likely be 90%... i'll save 10% of doubt for CMED's leadership which is capable of anythign stupid.
I expect that once all parties have done the math and played out all the scenarios... Money Managers and Fund Managers will be buying big tomorrow. Real big.
$13.50 open tomorrow if not higher. This is a DONE DEAL.
sorry to those ugly ducklings at HIP... this is a sad story for those shareholders.