ICC International Cannabis Corp WLDCF

Clarification of shares being received

[Ghosttrader11]

To shed some light into the dark, i read the news release again and I also read the text below. Now its clear.

The foregoing share exchange ratio is for illustrative purposes only: the actual number of Aurora Shares to be received by ICC Shareholders will be determined based on the volume-weighted average trading price of Aurora Shares on the TSX during the 20 trading days preceding the date the Transaction is completed (with such 20 day period ending on the second last TSX trading day immediately preceding the date the Transaction is completed).

Thats how i thought it would be the whole time. So the 0,2448 ratio is completely nonsense and only for illustrative purposes.
I am wondering why the Aurora IR in the US states something else? Manipulation?

[dlornemoney1111]

where did you pull that from t he one I recieved says no such thing it says : The Transaction will be effected by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the Arrangement). Under the terms of the Transaction, each shareholder of ICC (ICC Shareholder) will receive $1.95 per ICC Share, payable in Aurora Shares valued at the volume-weighted average

[Ghosttrader11]

Okay, go to that link: https://globenewswire.com/news-release/2018/09/10/1568444/0/en/Aurora-Cannabis-to-Acquire-South-American-Market-Leader-ICC-Labs.html Scroll down to forward looking statements, where the letters are all written in italic. Then go down to the second last paragraph. There it is written.

[jove]

I did not read that far, but as I pointed out in a previous post, underlined in RED, the word "would". As in, were the deal to be done as of the end of Sept.7th, ICC shareholders, "would" recieve .44whatever...

[KerBer]

Interesting read, good find. I spoke to Phil Carlson KCSA Strategic Communications +1.212.896.1233 / +1.212.896.1203il . He is the person who stated that we would be receiving .24 of an Aurora share regardless of what price ACB was trading at when the deal closes. Both companies need to issue an NR to clarify what the deal entails. Good luck trying to get hold of Aurora in Canada.

[BayStreetkid]

Phil is wrong.  It is very clearly stated: actual number of shares received and issued will be based on the volume-weighted average trading price of Aurora Shares on the TSX during the applicable 20 day period preceding the completion of the Transaction The offer is $1.95 per ICC share!

[dlornemoney1111]

And again if this were the case the price would rise to 1.95 and stay there anything less then that is a money maker. This did not happen !

[Iamsuperss]

You’re right it should go up to $1.95. The big money can buy it now & make 9 cents a share in a few months guaranteed. The difference in the price has probably more to do with people cashing out a reduced cost to be able to use that money elsewhere. I thought of doing the same. The reason to hold it, 4.8% difference between now & 1.95. Secondly, could there be a bidding war or another

[mikemann90]

I think you are right! People are so stressed out lol. Just wait until it's official and take an decision when it is official. Bidding war would be awsome.  My strategy if it stays at 1.95$ is to sell 70% at 1.95 and keep 30% in Aurora

[khornbuckle]

Two things that concern me.  1. I did not like the deal. ACB list on NASDAQ, their shares go up ours stay the same. They are trying to get on N before OCT17th. Why not cash out and buy ACB and get more for your money. 2. There is a bidding war and if I sold my shares and bought ACB, ACB would go down and I would miss the price increase of ICC shares. Stuck scratching my chin...

[Hopeful75]

You are right.. it's in the release 100% accurate

[Shazam75]

This post has been removed in accordance with Community Policy

[pdcon1]

Your right that’s how it works as long as acb price goes up your making money 

[pdcon1]

Icc share price should go up and down in accordance with the acb share price until the share transition 

[420mtl]

Fix price for your share....$1.95 a share that's it....

[Shazam75]

This post has been removed in accordance with Community Policy

[jove]

Sorry pdcon, you are not a lawyer writing contracts....should...would... weasel words.  Look what a kerfuffle only one of those words created. 

[pdcon1]

when acb breaks 10 dollars I would gladly pay 1.85 for an icc share