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 > Take up date extended to March 25th

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Comment by PROtradingon Mar 10, 2018 1:18pm

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Post# 27697146

RE:RE:RE:RE:Take up date extended to March 25th

Exactly! Extra points for buddy longonMJ! "taking up the shares as soon as possible"

And when you tender/untender, make sure you have the date and confirmation code. Aurora has been able to confuse the regulators, brokerages and everyone else with this nasty hostile take over play of theirs!!!

Understand the market monsters and you'll do fine. Underestimate them and YOU WILL GET CRUSHED!!!!!

longonMJ wrote: MA: Now I understand what you mean and it's certainly good to know.

I would guess this means if I still see the CMED shares in my trading account, then it means that Aurora has not yet "taken" them up. I would assume this is the reason why the Aurora news release and Cam Battley both clearly state that they will be taking up the shares as soon as possible.

From my point of view, this means that if I still have the shares in my account, I should then be able to call into TD to have them untendered if the share price of both companies change significantly that it would be in my favor to either sell CMED immediately or to switch whatever option I had initially chosen.

This would definitely not be good for Aurora if a large enough number of shares gets untendered and they end up falling below the so-called 66.67% tender requirement for the approval of this takeover.

Interesting to see what will happen if the share prices change signficantly before Aurora can "take" them up.

MartialArts wrote:
What I meant to say is you'll see the number of shares go down by the number of shares you tendered. So if you had 200 shares on day, you'll see then the "take up" actually happens as the shares will go to zero. That happens as Aurora "takes up" the shares to convert. 3 days later (or sooner), you'll see either ACB shares or cash depending on the proration once all shares are tendered under the "Offer" which was extended to March 25th.