GB Group Ord Shs GBGPF

GB Group plc is a United Kingdom-based company, which provides identity data intelligence products and services helping organizations recognize and verify all elements of an individual's identity at key interactions in their business processes. The Company's segments include location, identity and fraud. The location segment includes address lookup, verification and capture; e-mail validation; phone verification, and data maintenance services. The identity segment includes document verification, data verification and identity investigation services. Its identity verification solutions can be configured to carry out a wide range of functions, including know your customer checks, anti-money laundering checks, age verification checks and liveness detection. The fraud segment includes transaction fraud monitoring, combating origination fraud and in-life fraud investigation services. It provides artificial intelligence powered screening for automatic onboarding or referral of customers.

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GB Group Ord Shs > How long until we see cash in our accounts?

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Comment by longonMJon Mar 09, 2018 10:35pm

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Post# 27695794

RE:RE:RE:RE:RE:RE:RE:How long until we see cash in our accounts?

MA: As I stated in a previous post, it would now appear to me that this takeover action was really designed to accomplished 2 things at the same time:

1) The first being a vote to see if the required 66.67% of outstanding shares agreed to the takeover in the first place, as determined by the fact that they tendered their shares; and

2) If they did tendered their shares (i.e. whether knowingly or unknowlingly approved of this takeover), then what option they would take in consideration for their shares in CMED.

Now that the takeover has been officially met through this 70.66% tendering of shares, the remaining 29.34% of the shares that were not tendered (i.e. whether knowingly or unknowingly voted against this takeover) will now get the opportunity to select the consideration they would like to receive for their CMED shares through this second round.

In full agreement with you that Aurora and the people involved with making this offer definitely are the ones to blame for the complexity and ambiguity involved with this whole offer.

Will have to disagree with you on the March 26th date for the payment of cash since Aurora's news release seems to indicate that all of the 17.85M CMED shares tendered as of March 8, 2018 will be taken up by Aurora and "paid for as soon as possible, and in any event, not later than 3 business days after the CMED shares are taken up."

From my point of view, that would sound like the middle of next week, and probably Thursday to be exact. And if we don't see the Aurora shares and cash in our account by then, I would have to assume that they have not yet been taken up and we would then be fully entitled to untender them again if we wanted to.

I guess we'll all find out towards the end of next week then. Hmmm.......

MartialArts wrote:
Aurora had the ability to extend the offer which they did. Interestingly enough, they cite this as a "mandatory extension".

Trust me, I'm not making this complex. The people doing the offering are the ones to blame for that.

You want to bet that you won't be getting your cash before March 26th at the earliest?