OTCPK:EMMBF - Post by User
Comment by
ArthurVandelayon Mar 08, 2019 10:05pm
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Post# 29464432
RE:I still dont get the math? 172 mill doesnt add up !!!
RE:I still dont get the math? 172 mill doesnt add up !!!It's an all-share deal, so don't get caught up in the value of the transaction. I've tried to make this clear in my replies to others in the last couple of weeks as it seems to be commonly misunderstood.
From the Dec.19 News Release:
"Aleafia will acquire, by way of a plan of arrangement under the Canada Business Corporations Act, all of Emblem’s issued and outstanding common shares in an all-share transaction currently valued at approximately $173.2 Million (the “Transaction”)."
Note the words "currently" and "approximately". In an all-share deal, no dollars actually change hand.
AV