OTCPK:GBGPF - Post by User
Comment by
longonMJon Mar 09, 2018 2:04am
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Post# 27689053
RE:RE:RE:No Tender CMED
RE:RE:RE:No Tender CMEDUnless they were not aware of this takeover merger, I am not sure why anybody would hold out their CMED shares instead of tendering them.
Especially when I am not even sure if they would be valid for trading after the March 9th expiry date for tendering. Even if they were tradeable, would investors pay a premium for security that now has a degree of uncertainty and possible non-liquidity attached to it.
Agree with Pro that these untendered shares will most likely go for 3.4X Aurora in the end. That is why I find it highly questionable that the person from Laurel Hill would have stated that the Default option for not tendering is the all-cash option.
moneytunes wrote:
sounds reasonable. I will be curious to know what the mandatory and final offer will be for the merger for those who choose to hold out with their CMED Shares in their pocket