OTCPK:GBGPF - Post by User
Comment by
Supermariogon Jan 19, 2018 4:27pm
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Post# 27397581
RE:CMED will get either $61.44 or $93.80 per share from ACB
RE:CMED will get either $61.44 or $93.80 per share from ACBSorry MartialArts, but I think taht your are not correct here. The 170 Millions shares was a calculation made when the first offer was made. At that time, the value of the CMED shares, caped at $ 24, and the value of ACB shares would make it to the 170 millions. Now it's a different story; they will not offer 170 M shares, it will be much less. If it's 3 for one lets say ($ 40.50 + or - per CMED share) then they would only use 3 X 37,29 M shares or 102 M shares of ACB to CMED holders... If I'm not wrong. Have a great week-end all and see you on monday for some great news. SM
MartialArts wrote:
CMED shares without HIP 24.43M shares
CMED shares with HIP (24.43M+12.88M)= 37.29M shares
Now if ACB/CMED decide to include HIP, CMED holders get 170M*$13.48 (closing today on ACB)= $2.29 BILLION in ACB shares.
If that $2.29B is split in 24.43M shares = $93.80 per CMED shares
If that $2.29B is split in 37.29M share = $61.44 per CMED/HIP shares
If I was CMED management, and as a big CMED shareholder, I would prefer we maintain the supply and mortgage agreements with HIP, give them the $10 break up fee which is 41 cents per share and merge with ACB at the higher $93.80 price.