RE:Surmisingsomeday2 wrote: So what would a Headwater deal look like.....SP wise??
I would hazard a guess and say a simple share swap. The problem is how many Surge shares for 1 HWX share?
If we take the Pandemic out of the equation, then we would be looking at a 1 to 1 ratio, in my opinion.
What is odd about the overall Headwater share count is that in the original Transaction NR dated January 13th, the new management team proposed to do "a consolidation of the Common Shares on the basis of one post-consolidation Common Share for every three pre-consolidation Common Shares". But, by the time that the Management Information Circular was released on February 6th, that proposal had disappeared!
The final observation that I might add is that National Bank is deeply involved with both Headwater and Surge and I simply do not trust them! Their involvement with the Knowledge House fiasco is a prime example of their business ethics!
Kherson