GB Group Ord Shs GBGPF

RE:RE:ACB, everyone's favorite Market Monster is not finished....

[VENMan]

@potcommitted, I 100% agree with you, but many CMED Shareholders will tell you the deal had a cap at $24 bla bla bla. Over looking the simple fact the a better deal could have been made right off the bat by simply requesting the $24 cap be removed and CMED would be trading at $58.5 right now with shareholder receiving 4.5 ACB Shares and as you correctly mentioned we would have control of 16% of ACB. Now that would truely have been in the best interest of all CMED Shareholders. When I try to explain this simple fact, rather than other CMED Shareholders having the guts to simply agree they call me SourGrapesMan, lol, You're 100% right my friend. ALL IMO GLTA!! ps the 52 week high for ACB is over $15 so I have my sell of CMED shares at $16 x 3.4 = $54.40 or I will take the ACB Shares.   

 

If you guys recall the original offer was for 4.52 shares and would have been 16% of the new combined entity. So while CMED can pat itself on the back for increasing the price and getting the cash kicker it is quite clear it was entirely based on the market rise since then and not due to any negotiation skills on their part. Senvest (8% shareholder) had suggested a value of around 30% (double acbs original offer) of the new company and now they walk away with less than the original offer. Had they accepted the 4.52 at the time we would have 32% more acb shares at the moment than the 3.4.