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Bullboard - Stock Discussion Forum ICC International Cannabis Corp WLDCF

ICC International Cannabis Corp is a Canadian company which is engaged in planning, designing, building and operating cannabis production, processing, and distribution facilities worldwide. The company through its holdings is engaged in the pharmaceutical distribution, wholesale importation, research, and development, as well as working interests in industrial hemp licenses in Greece, licenses... see more

OTCPK:WLDCF - Post Discussion

ICC International Cannabis Corp > THIS IS HOW THE DEAL WORKS: NO DEBATE EVERYONE IS WRONG
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Post by GainsAreToCome on Sep 12, 2018 10:18am

THIS IS HOW THE DEAL WORKS: NO DEBATE EVERYONE IS WRONG

This is how this deal works:
(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).
 
Example:
 
ACB 10$ P/S ICC: 1.95 P/S    ACB:ICC Ratio: 0.195 1000 Shares of ICC =195 ACB shares
 
ACB 5$ P/S ICC: 1.95 P/S      ACB:ICC Ratio: 0.39 1000 Shares of ICC =390 ACB Shares.
 
It's like a cash deal but we get ACB shares based on fixed ICC price of 1.95 for those shares, but we almost in no circumstance get 
1. Any short term upside of ACB as deal is being decided.
2. Or any control over our sell price for liquidity because we don't know when the deal will be effective or where ACB will be then price wise.
Comment by TheSpartan77 on Sep 12, 2018 11:02am
Guys this is simple...We are capped at a 1.95$ thats it! There really is no reason to hold onto ICC shares unless you are hoping for a competitor to bid! If you are on the side of "cant wait for acb shares and I love acb" Then sell ICC and buy ACB directly, cause as ACB goes up...ICC DOESNT.  If you are on the anti ACB side, either hold on tight and pray for someone else to make a ...more  
Comment by Sid123 on Sep 12, 2018 11:42am
Agree Spartan that’s how my friend explained it who was on Cannimed board and dealt with ACB. A lot of moving parts but I’m in the middle sell some off but wait for a white knight or ACB to go down