GB Group Ord Shs GBGPF

Take up date extended to March 25th

[MartialArts]

That means those who elected Option 2 will received cash within 3 days of that day.

Watch your shares go down first by the amount of shares you tendered and start the 3 day counter.

[longonMJ]

MA:  If the share value for Aurora goes down due to the reduction in their cash position for Option 2, would it also not mean that the share price should go down accordingly for Option 1 due to the impact of the increased share dilution? Of course, financial theory states that the share price in theory should not go down with either option if the consideration being paid is equal to the

[MartialArts]

What I meant to say is you'll see the number of shares go down by the number of shares you tendered.  So if you had 200 shares on day, you'll see then the "take up" actually happens as the shares will go to zero. That happens as Aurora "takes up" the shares to convert.  3 days later (or sooner), you'll see either ACB shares or cash depending on the

[longonMJ]

MA:  Now I understand what you mean and it's certainly good to know. I would guess this means if I still see the CMED shares in my trading account, then it means that Aurora has not yet "taken" them up.  I would assume this is the reason why the Aurora news release and Cam Battley both clearly state that they will be taking up the shares as soon as possible. From my point

[PROtrading]

Exactly!  Extra points for buddy longonMJ!  "taking up the shares as soon as possible" And when you tender/untender, make sure you have the date and confirmation code.  Aurora has been able to confuse the regulators, brokerages and everyone else with this nasty hostile take over play of theirs!!! Understand the market monsters and you'll do fine.  Underestimate