OTCPK:DJACF - Post by User
Comment by
TheMogulon Jul 12, 2018 12:18pm
317 Views
Post# 28306758
RE:Timing of CGC split and Hiku offer
RE:Timing of CGC split and Hiku offerdoinaokwithmj wrote: Trying to figure out if timing of the CGC stock split can have a material impact on the Hiku offer. Seems to me depending on timing of the split, we could end up with half of what is proposed in the offer (value wise) once the dust settles. Need someone who understands this to outline the possible scenarios.
I contacted investor relations at Hiku the day of the announcement, here's the response I received.
Thanks for the question.
You will get .046 Canopy Shares for each Hiku share. If the stock split is approved, the dollar value remains the same, but the calculation and share count would change to reflect Canopy's change.
On Tue, Jul 10, 2018 at 4:25 PM Mark <> wrote:
Hello Hiku,
I just read the news in regard to the proposed buyout of HIKU, from Canopy Growth. Just a question in regard to the conversion rate of .046 WEED for each common share of HIKU. I am also a shareholder in Canopy, and I just received a proxy in regard to a 2-1 stock split to be voted on July 30th. If Canopy gets shareholder approval for the stock split, how will that potentially affect my conversion rate? Since holders of HIKU don't vote on the deal until August?
I guess my question is, will the conversion rate be renegotiated in the event of a Canopy 2-1 stock split? Or would shareholders receive .046 shares, of the new PPS of Canopy, post split?
Thank you in advance,
- Mark