OTCPK:GBGPF - Post by User
Comment by
longonMJon Jan 24, 2018 11:49pm
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Post# 27429341
RE:RE:RE:Is this going down from here on in?
RE:RE:RE:Is this going down from here on in?WeedMadeMeRICH wrote: longonMJ wrote:
The highlighted part above makes no business sense at all unless you like to have less shares for the assets which you have in your holdings. Based upon the relative prices which these 2 companies were trading at all day and also at the market close price of approximately $14 for Aurora and approximately $42 for CMED, if you made this switch in the open market today, you would have received only 3 shares of Aurora for every 1 of your shares of CMED. In other words, less than the 3.4X ratio of shares which Aurora is planning to give you when the takeover is finalized.
As a result, since you are already an Aurora shareholder you should ensure the exact opposite is taking place in your portfolio. If you want to continue to be a long term holder of Aurora (or at least until the takeover occurs), you should take your Aurora shares, sell them, and then immediately use the proceeds to purchase CMED shares
Bottom-line: This switching action will allow you to be the beneficiary of a 15% gain in the actual number of Aurora shares which you will own after the takeover is completed.
100% BS
Okay, since I presented my case in a bit more detail than you LOL, what is your exact take on this Aurora takeover situation here?
Or do you not have one at all?