Post by
EDDYREADY on Nov 17, 2017 6:27pm
HIP WORTH 50.5
YOU GET .033 OF CMED AT NOV 14TH CLOSING PRICE OF $15.30 AND THERE IS A CLAUSE IF ACB TAKEOVER GOES THROUGH THEN DEAL DONE AND CMED TO PAY NEWSTRIKE 9 MILL PLUS COURT COST OF APPOX $600,000/ SEE ALL THIS ON NEWSWIRE. GL
Comment by
Extalliones on Nov 17, 2017 7:50pm
Wrong. There is a clause saying that CMED can break the contract by paying HIP 9.5 million. Not if the ACB takeover goes through. ACB has absolutely nothing to do with the deal between CMED and HIP. ACB has a choice to buyout both HIP and CMED, or move along. Make no mistake, this was a strategic move by CMED to avoid being swallowed by ACB.
Comment by
VENMan on Nov 17, 2017 8:05pm
Yes, and HIP has to pay CMED $5 million if they want out of the deal. I don't think CMED but HIP to try to avoid being swallowed up by ACB. Long Term Shareholders of CMED has always told the Management of CMED that we need a Rec Play if we want to grow the company in that Market. Now I think we just got the best Rec Play of all time! All IMO!
Comment by
VENMan on Nov 17, 2017 7:57pm
You get .033 of a CMED share if CMED is trading at $19 thats .63 cents a share and if it trades at $15 that's .50. Whatever CMED shares are trading at you get .033 of that value for your shares. ALL IMO! alwys DYODD!