Nuuvera Inc. V.MIAP

Why is this not trading at $8.50

[Nammos]

[gkmackdadzzz1]

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[gkmackdadzzz1]

This post has been removed in accordance with Community Policy

[greenpasture1]

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[Newtothis123]

As my name indicates I am very new to this trading business. Big learning curve for me. Can someone explain in layman's terms what this statement means? "Nuuvera shareholders will receive $1 in cash plus 0.3546 of an Aphria share for each Nuuvera share held" If I purchased 646 shares of NUU today does that mean I will receive 229 shares of APH? (0.3546 x 646) and 646.00? Please

[JobeAustin]

How can we ignore your ignorance on the subject *your words* and answer your question at the same time. Your formula is spot on. 646.00 goes in your account as cash and Nuuvera shares drop off and are replaced with 229 Aph shares. cheers

[Newtothis123]

Could have done without the rudeness but thank you for the explanation.

[JobeAustin]

sorry..... it’s an affliction. 

[NevadaRay]

And if the naice sell this down to 10 bucks a share. you're screwed

[MorningBell]

I suspect people are attempting to drive the price down to 7.50 to cash in on their free 1. Problem is aph is currently trading at 19.30 making the nuu share worth 6.67 not 7.50. Nuu should run up to 8.50, cash out, bank and buy back in the dip, at least you would bank some profit in the event the share is only worth 6.50