OTCPK:GBGPF - Post by User
Comment by
Supermariogon Jan 20, 2018 10:42am
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Post# 27400487
RE:RE:3:1 pure stock exchange deal, both side feels comfortable
RE:RE:3:1 pure stock exchange deal, both side feels comfortable SORYY Martial, but you look like TRUMP. Alternative facts. CMED was offered $24 per share, (that were at $ 16 + or - at the time) 57% more and that represented 4.xx shares at the time. Would BZ have accepted what at least 38% of his shareholders wanted, their former CMED shares would worth today 4.5 ACB X $ 13.5 = $ 60. I really have a hard time understanding why you are so agressive sending all these bad informations. Even if you have serious money in there, 38% of shares are held by persons who differ from your opinion. Best of luck to you anyway. Sorry for the written English being bad, but I just cant resist correcting your ALTERATIVE FACTS. SM.
MartialArts wrote: And exactly why would the November 24th Aurora announced ratio of "1 CMED share for 4.5259 shares of Aurora" not be respected now that Cannimed has the OK to merge from Newstike shareholders? Why are people not reading all the materials available to the public on this?
Where do you get the number 3? I'm sorry to be blunt but is that simply from your head or is it based on some verifiable source? If so, what is the source?
We absolutely need to focus on facts, published information and verifiable information to make the right decision here.
The ratio of 4.52586207 was published in a November 24th Official Press Release by Aurora. It's not a ficticious or made up number. It's based on the CEO's word.
2017-11-24 07:41 | ACB | Aurora Cannabis Inc | 7.24 | News Release | Aurora Cannabis launches hostile bid for CanniMed |
In my environment, we don't deal with people who renege on their word. Pure and simple and unless you speak for management, I would recommend you give them time to come up with somthing that both sides would be happy with. I can tell you that 3 share of ACB for each valued shares of CMED is not going to be accepted by Cannimed management. Furthermore, you need to remember that Cannimed knows how many shares have been tendered to them, so they hold the votes. At this point, anything management decides goes and the best outcome for both companies and sector is a negociated merge. Cannimed adds a LOT of value. Aurora knows that but it's unfortunate that some of the smaller shareholders in Aurora haven't spent the time to research this.