Post by
BeerGeek on Jan 03, 2018 9:59am
Correct me if I'm wrong.
Every 1000 shares of HIP convert to 33 shares of CMED. A nice little premium for step 1. That means $700 of HIP converts to $807.84 as of today. Now... ACB is offering a premium conversion at 4.525x. So those 33 shares of CMED convert to 149 shares of ACB. Based on todays price, that works out to $1968... This seems way to good to be true, but the SP has moved so much since the offer went on the table. $0.70 is still a smoking good deal if this is the case. Am I right?
Comment by
geogeo on Jan 03, 2018 10:44am
or CMED price now at $27. x .033 = $0.891 HIP. I think