RE:RE:RE:Now you have 60 hours to think about why you would sell Mjman17 wrote: Why thee are still so many poeple buying ACB at over $13 and not go to buy CMED@39.47, while it is actually mean $11.6 (39.47/3.4=11.6). Is this a 100% doen deal or is there still some factor pending to determine the final deal?
Well, as far as I can see, this deal is probably pretty much in the bag and done as done can be.
The only 2 two things that can possibly stop it from happening would be the Competition Bureau or a NO vote from the Cannimed shareholders, and I don't see either of these 2 things happening.
For the first one, non-approval of this merger by the Competition could actually be viewed as lessening of competition in the MJ space. Secondly, it looks like they already have at least the first 54% of the required 75% of the Cannimed votes locked up even before they get to the regular retail shareholders.
I don't see many of the retail investors saying NO to joining up with Aurora, especially if this current 15% gain in Aurora shares upon conversion continues to hold. In addition, all of the shareholders who don't bother to vote will automatically be voted through proxy vote by the Corporation and we know which way they will be voting.
So, it looks pretty much DONE to me.