GB Group Ord Shs GBGPF

To tender or not to tender

[PROtrading]

Hope MartialArts and other market savvy guys here can jump in this important discussions.

Do you tender your shares or not?

My problem is, I have absolute distrust of Market Monster ACB.  The only thing I know for sure is CMED holders will get shafted!

Watch and learn.  Mark my words on this.  There's good reasons why I have this opinion but I'll reserve them for now until I hear intelligent discussion attempts.

For now, I'm waiting it out, would love to see APH or WEED swoop in with a offer we can't refuse!

[jubatus1]

Why not wait till the last minute to tender? If I remember correctly doesn't the tender process happen automatically if the decline is passed and you haven't tendered ?

[GarlicToast]

This post has been removed in accordance with Community Policy

[longonMJ]

GT & JB1:  Yes, I also believe this is the default option, BUT ONLY if 66.67% of the CMED shareholders agrees to this takeover by Aurora. The way that I read the convoluted documents is that it SEEMS TO IMPLY to me at least that if you don't tender your shares, then it means that you are not agreeing to the takeover and you are in essence voting NO for the takeover by Aurora. 

[bbuddwisserr104]

thats exactly what it means if you don't you get your old ceo back and everyone loses they need 66 plus % of shares  then you can twittle your thumbs till you vote yes or no the board asked share holders to sell take the offer 

[longonMJ]

Wishful thinking on our part, but I simply don't see this scenario taking place for the following reasons: 1)  Doubt Canopy will be successful with a takeover attempt since it most likely wouldn't pass mustard with the Competition Bureau; and 2)  Doubt how much more money or shares APH can print since they just finished spending and printing $230M worth for Broken Coast and

[Brento1]

Can someone explain why the Competition Bureau would have a problem with Canopy but be fine with ACB? Would Canopy taking over CMED really make a larger difference to overall market competition vs ACB taking over CMED.

[longonMJ]

Well, the way that I see it is that ACB plus CMED would result in another large MJ company that would be seen as competition for Canopy. If you combine Canopy with CMED, you are really making the current 800 lb gorilla in the MJ sector even larger and putting it even further ahead from any potential competitors. At least that's my take on the current situation with these companies in the MJ

[jubatus1]

Only a desperate company like Acb would pay that much for Cmed. Acb wouldn't have much Production if was standing alone without Cmed. When is Aurora sky going to be ready ? Isn't it late fall? Don't think another bid will be coming.. Others are way ahead..

[longonMJ]

Well, if you think Aurora overpaid for CMED at roughly a $1B price point, what do you think about APH's purchase of NUU for the outrageous sum of $826M. Especially when NUU has no licenses, no production, but only had what was termed as "international relationships".

[jubatus1]

Ok let me put it this way yes they are overpaying. Lol. Look at my Mari. 95.000 kilos bye 2019 froma Canada Add another possible 80+ thousand fromage Germany when that gets going + they just bought a Swiss company's that specializes in oils and rolled cannabis + McKesson Distribution agreement+patented vesisorb technology because oils and water don't mix well + growing hemp for cbd oils in

[moneytunes]

no doubt. the offer is not looking very attractive with the whole market being down, ACB share price with it :( ... did you read my earlier post about the response I received and the math calculations? I am still looking for clarity!

[TheSim123]

I don't claim to understand the ins and outs of this deal but this is how I see it. If we don't tender by March 7th at midnight and ACB gets 66.6% of the shares locked in then it won't make a difference if we tender, we will get 3.4 ACB shares for every CMED share. Is the cash option a guaranteed $43 per CMED share? When I read the revised offer it says that this number is based on an