GB Group Ord Shs GBGPF

WHAT TO EXPECT TODAY

[Millionaire94]

So people were doubting me yesterday but just from the bids you can see this is bound to happen: 
EAT, ACB and HIP will soar today. HIP will go over $2.20
CMED to drop below $28

[Steve555]

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[thorgb1]

EAT up marginally, likely be flat or down by close ACB up a bit HIP up marginally, no where near your estimate CMED up big not down 20% like your estimate Moron.

[INVSTIGAT0R]

People buying at these levels are absolutely insane. Only 2 options I see happening. Just shows me I will always be ahead in this industry if people are this stupid. Option #1 ACB ups there offer to around $30 and it is accepted = $5/share loss for everyone in above $30 Option #2 Deal does not go through. CMED cannot support levels above $30 and stock will be a massive sell off. It's not

[thorgb1]

Option 1: Use your brain. ACB came back to CMED on Wednesday evening with a revised offer. At that time, CMED was trading at $28. You actually think ACB came back with a $30 offer? The offer will be at least $38 will be my guess. Option 2: CMED + HIP will be fine on their own. At $35 the market cap is only about $750M, still way low considering the valuations in this industry.   

[SecondLast]

Agreed. Option 1: my guess is ACB is negotiating 3:1 and CMED is pushing 4.5:1. At 3:1 thats ~40$ Option 2: CMED oil production can support a billion dollars a year in high margin revenue at full capacity. Math checks out Conclusion: everything will be great

[DDobbs]

I think if we pay 40 bucks for this dead horse we drop under 10 short term!!

[SecondLast]

40$ cash maybe, not in a paper transaction though. There are synergies in the transaction and ACB was willing to put up 4.5:1 shares to get them a month ago

[thorgb1]

Also note ACB shareholders have already approved the issuance of the full 170M shares to support the full 4.5 ACB shares to 1 CMED offer. Can't see it being under 3 shares. Also now he Globe article was very clear that ACB approached CMED again, and not vice versa. They would not wast their tim doing his an coming in with another low ball offer. 

[thorgb1]

Anybody know offhand the fully diluted share count for combined CMED-HIP entity? I think it was around 37.5M? Trying to figure out what exchange ratio ACB could support with the issuance of 170M shares which they already have approval for.

[SecondLast]

About 37,635,000 as a combined entity. CMED has ~24.6M

[GarlicToast]

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[Eigen337]

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[SecondLast]

I thought that too but in the latest news release ACB back tracked on HIP saying they were open to negotiations involving HIP. I think HIP opened alot of peoples eyes as to how the retail investor values branding. It has such a stupidly high market cap for the fundamentals, people just like the branding.

[StrongLong]

  Is there somewhere this 170 million is published officially? If that number is true, it supports the 37.5 million (combined CMED HIP) at the original offer of 4.5:1 and without the cap.  so, can we really confirm that 170 million shares approved is a fact???

[thorgb1]

Yes, definitely need to confirm that number. I believe there was a meeting on Monday, at which time they received strong shareholder support for the issuance of up to XXX shares. 170M is the number I recall, but honestly I can't be 100% on that, and I can't find it anywhere in a release. Also, the share issuance may have included other acquisitions and general purposes as well. Need to

[StrongLong]

LOTS of garbage lol. I can't find it anywhere either. I live in Van too, should have atrended. Bah

[Eigen337]

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[MartialArts]

Great find!  There is so much happening here it's hard to keep up.  170M shares of ACB for CMED???  That's worth $2.278 BILLION today.  CMED has 24.43M shares in return so ACB is about to offer CMED holders $93.25 per share (in ACB shares)!!!!

[Theresa1973]

if you don`t mind me asking, what equation would you use to get this answer?

[Green2017]

NO WAY VALUED AT $40 , $30 MAYBE

[NGlong]

Acb will walk away if CMED can release their financials from last quater before next thursday!

[Cathat]

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[DDobbs]

Totally disagree. Investigator was bang on.  Acb will walk away before they over pay for this Cmed.  Offering more than 30 would be overpaying which would cause us to drop short term.  

[Luvtheleafs]

Have to agree with instestigator. Cmed is well in over bought territory. Look at the chart. $25 is bottom. 

[SecondLast]

Have you ever seen a corporate transaction where the target was not overbought judging by indicators??

[DDobbs]

Exactly!!!!! Nailed it!!

[Shazam75]

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