OTCPK:GBGPF - Post by User
Comment by
Thryfteon Feb 06, 2018 3:10pm
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Post# 27513254
RE:cmed worth 43$ CASH and trading at 31.xx
RE:cmed worth 43$ CASH and trading at 31.xxYes, it means it's extremely undervalued. I got a bunch at $39 just because of the conversion rate, got a few more at $26.80 because there's never been a more obvious buy. Getting this for under $40 seems a hit of a no-brainer to me, it's one of those things that seems too good to be true. Hopefully nothing happens to mess everything up! Just gotta hold on for a month and you get free money... in theory.
Dontbesogreedy wrote: the deal now have a 100% cash option (up to 140 millions) meaning that if 100% of cmed choose this cash option (very unlikely) a minimum of 13.3% of your shares could be worth 43$ cash and the rest would be worth 3.4 ACB shares (at the time of typing this 3.4 ACB is worth about 34$)
Does this make cmed WAY undervalued?
Pursuant to the terms of the Notice of Variation, Aurora has increased the consideration offered per CanniMed Share, at the election of each CanniMed shareholder, to: (a) 3.40 common shares ("Aurora Shares") of Aurora (the "Share Alternative"); (b) $43.00 in cash (subject to proration); (the "Cash Alternative"); or (c) any combination thereof (subject to proration of the cash portion), (the "Share and Cash Alternative").