RE:RE:RE:RE:RE:Zacks ranking system is incredible CaneIsAbel
Just in the conversion alone one would think it makes sense to buy Apha on the tsx to profit from not only the conversion of Apha shares to Tilray shares but on the tsx Aphria shares exchange ratio of roughly 1.27 rate?
My shares in my case as follows:(3,000 Apha shares on tsx)
3,000 shares times .8281 equals 2,484.30 Tilray shares
2,484.30 shares times current Tilray price of $25.35 equals $62,977US
$62,977 converted to CDN at 1.27 estimate equals $79,980 cdn
My 3,000 shares at avg $18.65 cost me $55,950
Therefore my profits are $24,030 ($79,980 - $55,950)
Would it not make sense to just buy more Apha on the TSX and profit from the conversion exchange alone? If the share price appreciates more from here then I also get the capital appreciation from my further buy price of say $24 if I bought more shares today?
Let me know if both my calculations are correct to get my profits as well as my thinking and rational to buy more shares now in advance of the merger date
Hopefully you or the other members can respond before end of day today so I can place some more but orders prior to the market open tomorrow.
Thx
Ron