YES! Told Ya! BOOM!Gawd I love these no-brainer multibaggers! Now, just a word of warning to ALL THE IDIOTS that fill up 90% of the Clownhouse readership. The OFFER IS CAPPED AT $43!!!
That is the MAX you can get because of Market Monster's crafty move.
Brent has his golden parachute and I already sold most of my shares at $44+ this morning. I was a tag greedy and I missed the $45s by a SECOND!
Dummies can't read the markets up or down.
Now, why did I keep any CMED at over $43 when it's capped? Because I have full confidence in the average investor's complete and utter stupidity. Most of the average joes are just clown followers and as we can see this morning, a WHOLE NEW SET OF CLOWNS have show up smelling up this bullboard!!! LOL
Question for everyone, is the offer capped on the downside? If ACB hits $9 again for example, what's the price of the CMED transaction? Quick VENMan, impress us with that clown calculator of yours! LOL
Here's the key parts of the news release
3.40 Aurora shares or a combination of cash and shares at the election of each CanniMed Shareholder, subject to pro-ration with the maximum aggregate cash consideration of $140 million. Based on an implied Aurora share price of $12.65 and the 3.40 exchange ratio, the New Offer would equate to $43.00,