OTCPK:GBGPF - Post by User
Comment by
MartialArtson Feb 18, 2018 1:10pm
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Post# 27580489
RE:No bidding wars for CMED nonesense
RE:No bidding wars for CMED nonesensePotLucky, please read the 60+ pages of the Revised Offer and Support Agreement. In drafting these, Aurora did lay the ground for what would happen if a better competing Offer came to the table. So it is a strong possibility. It's all there in black and white.
And considering CMED's acquisition is done via shares (only 13% max cash allocation) and ACB has problems maintaining strength on its share prices with a US based short attack well in play, it does point that the markets value CMED higher now. Look at the short term charts on CMED for Friday. Every weakness on the CMED shares was used to buy it up. The same cannot be said about ACB shares. I've spend hours looking at the tape on CMED because I needed to determine if I cut my loses and pick it up lower or ride the dip. I'm confident in riding the dip because strong market players pushed it down artificially Friday morning and picked it up at the lows and before close.
From all indications, the differential on CMED share value to ACB's 3.4x share value will not only turn in CMED's favor this coming week, it will likely surpass it as players drive it to its "implied value" of $43 per share.