RE:RE:RE:RE:RE:RE:RE:Mar 9 - Notice of Change now on SedarSbeavenx wrote: They'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.
Oh, I am in total agreement with you that it's definitely mathematically possible for each share to receive $5.70 if that is what you meant by full cash per share.
From your previous posts, I thought you was referring to the entire $43 per share as being "full cash". From my point of view, I see your now started $5.70 full cash paid out portion to be what I would call a proration of my full cash paid out portion of $43 per share.
I guess it's really nothing more than different definitions by the two of us as to what the term "full cash per share" really means. For you, it's $5.70 per share while for me, it's $43 per share.