OTCPK:GBGPF - Post by User
Comment by
PROtradingon Feb 28, 2018 7:54pm
118 Views
Post# 27640522
RE:RE:Take-up Dates: Improved Offer, Subsequent & Compulsary
RE:RE:Take-up Dates: Improved Offer, Subsequent & Compulsary Gawd, why are ACBer so stupid? You guys are all from Alberta right? You freaking morons took all the convincing in the word to get you to understand simple math and how you want to take credit for it!!!??? LOL
Don't even pretend to understand what's coming up next silkworm, just go back to bagholding HIP!!!! LMAO!!!!
silkroad007 wrote: Wasnt trying to be rude but I guess I was. For weeks people here could not grasp the fact that you were standing to gain 15% by buying CMED over ACB which blew my mind. Hence my lack of faith in this board. Regardless I feel you are over complicating this issue. The way I read that is simply give me your option of share vs cash, we (ACB) can then determine how much to pay in cash vs shares and also calculating the required number of tenders for the deal to pass. Straight forward stuff. The improved take up date and the compulsory take up date are simply the next steps in the process and is how they will scrape up everyone even if you dont respond.
I felt your comment was misleading as it almost read that CMED shares could be at risk, or not worth as much as the share stendered early etc. This is all moot.
There is no benefit or even first come first serve to tendering early vs last minute. Only downside is if you want cash and they move the date up, you will then possibly be stuck the the all stock option as default. For insatnce I think ACB prefer all stock so if they get to a point where they can move it up without burnig up the 140MM they might just do it to cut straggelers off from choosing cash.
MartialArts wrote: 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.