RE:RE:RE:RE:halted with ACBhey I still have my fingers crossed for something around $30 it just doesn't seem like the mkt agrees with that hope in the way ACB and LEAF traded this morning with the deal apparently already on the table at least according to the Globe&Mail.
This is what I wrote to a PM I talk to you, which I touch on the last financing. Typically you don't see companies accept friendly offers below the last financing as it is unlikely they will vote for a deal that doesn't give them a small profit or at least make them whole.
"I see disappointment in my future :) was hoping for a deal around $30 but think it will come in around $26 and trade at a discount giving $25. Nothing to sneeze at but was hoping for more :) In the end though even $25 or $24 is a great trade as it is my biggest holding and I have an ave just over $19. Good thing is I predicted this, that Canopy or Aurora would need them to be number 1, so I guess a feather in the old cap.
Hard to believe that they would accept anything under the last financing of $26.50 though. The half warrant on that deal had an interesting caveat that reads "
Each Unit consisted of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each full Common Share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $34.50 (subject to adjustment in certain circumstances) until January 31st, 2020. " I wonder what kind of adjustment they are able to do to make those profitable in this case?
Then again maybe not a done deal, and just halted because of the globe articles saying there was a deal on the table."
gasguzzler wrote: But I bought a boatload of leaf yesterday because you said thirty....now you are saying 26.
Come on man !
Just kidding....congrats to you and the longs....if this is what we think it is :)