Post from fb on maximum Dillution POST FROM FB: Sorry for the length. Admin's feel free to delete if too much info.
My thoughts on dilution because every board I read says it sucks....(do your own DD):
As of today, CMED has 24,433,412 shares o/s. On the assumption no cash will be given (i.e. full dilution) and based on the exchange ratio of 3.4-to-1, this would be 83,073,600 shares (rounded). This is the maximum dilution that could occur.
Based on the Jan-15, 2018 news release, Aurora owned 700,600 CMED shares. Since a company is unable to own it's own shares per Corporate Law, after the exchange, those aurora shares would be immediately cancelled and the balance would imeediately become a bump in equity as opposed to an asset account (bonus for those who measure equity and liquidity leverage ratios).
Those CMED shares would exchange into 2,382,040 aurora shares.
So in summary, the total maximum dilution is only (83,073,600 - 2,382,040) = 80,691,560 shares.
Next, currently ACB has total shares (excluding warrants, options and other dilutive derivitives) of 452,733,103.
So in total, the maximum ACB shares that will be outstanding after the exchange is 533,424,663. At a market value estimate of say $14.50 (based on today's price average) that would imply a market cap of $7,734,657,614.
Canopy based on average price today of say $35.00 with 191,809,281 shares o/s gives it a market cap of $6,713,324,835.
So assuming nothing changes and ACB's price keeps up, we will have surpassed Canopy's market cap by about $1billion. In essence, based on today's prices, we already were #1 and now for sure we are #1.
I am long as hell on ACB and have been since I bought in when it was <$1.00 2.5 years ago.....I am forecasting, with strong international revenues a price point of ACB at $18 which gives it a market cap of about $9.6billion after the next 2 quarters.
All imho so do you own DD!!!