OTCPK:GBGPF - Post by User
Post by
MartialArtson Feb 28, 2018 3:44pm
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Post# 27638925
Take-up Dates: Improved Offer, Subsequent & Compulsary
Take-up Dates: Improved Offer, Subsequent & Compulsary There are a lot of misinformed investors and traders here. I was just told, very rudely, by silkroad007 to "read a book".
I'd like to address baseless attacks with facts.
The fact is this is not a normal merger. It's a quasi-hostile take over.
Aurora has setup a "Take-up Date" in which the "Improved Offer" expires. That is scheduled for March 9th with brokerage elections to happen generally two days prior. But, that date can be accelerated, cancelled or extended at the sole discretion of Aurora.
If you miss this important "Improved Take-Up Date", you stay with CMED shares. That's the default option. That's a fact.
What happens then? It depends on the number of shares tendered. Two other subsequent dates are "Subsequent Acquisition Take up Date" and "Compulsary Acquisition Take up Date".
So silkroad007, please "read the books" yourself and tell us how you interpret this instead of your uninformed, simpleton comments assuming this is a regular merger. It's not.
PS You need to refer to Section 15 of the Original Hostile Offer for some of the details.