RE:RE:RE:RE:RE:RE:Mar 9 - Notice of Change now on SedarThey're not to bright if they they calculate financials like that.
Let me give you a more diffinitive calcualtion that you can't dispute. We all know that there is $5.70 available for each CMED share outstanding. So the simple calculation demonstartes the available $ for this take-up (exact calc so there is no question):
17,847,341 * $5.70 = $101,729,843.70
So, since $102 million should be available to the first round, and only $98 million is to be paid, then the selection of the cash option did not exceed the maximum, and therefore no proration.
This is only based on the published numbers, but Aurora press releases have struggled to report accurate numbers in the past. Given what they are reporting, we should get full cash if selected.
longonMJ wrote:
It is quite clear to me that they must be using the total number of outstanding common shares because if approximately 70.66% of the shares accounts for 17,847,341 shares, then 100% of this same amount would come out to approximately 25.25M shares.
I believe they just did a simple truncation of the numbers here , as opposed to trying to calculate everything down to the last decimal place.
For example, if you simply took the truncated 70% of $140M, it works out to exactly $98M dollars.
If you took the exact 70.66% of the $140M, it works out to $98.924M which can then be simply truncated down to $98M for non-matematical people looking at the numbers.