Post by
geodcan on Aug 14, 2020 7:04pm
so 1000 shares of ACRGF
today would cost 3130.00. If I understand correctly the split shares are 70% and 30% floaters. So 700 shares at $22 is $1540 and 300 shares at $6 or better is $1800. Cost $3130 and cash in value is $3340 at todays range. Now if we get a trigger and the States swings the doors open, I can see Canopy matching its old highs $60 US so 210 shares are worth $12,600.00 plus 300 floaters @ $6 or better so another $1800.00 for a total of $14,400. This is just back of the envelope calculations of where I think this is going in US dollars. I'm sure somebody will straighten me out if I haven't got this figured right, but I can see this happening with US legislation getting sorted out.
Comment by
geodcan on Aug 14, 2020 7:20pm
I see it. Not 700 but 210sh at $22 is $4620 and 300 shares @ $6 or better is $1800. So a total of $6420 for a $3130 investment. If we get the trigger and if Canopy gets back to $60 a share that is 210 x $60 is $12,600 plus the floating shares of 300 @ $6 is $1800 for a total of $14,400. Again there are a couple of ifs in there. glta and dyodd
Comment by
Supermariog on Aug 15, 2020 3:24pm
My wrintten English is bad, but ... 700 shares @ $ 22 = ? $ 15,400 ? Different picture. SM