ICC International Cannabis Corp WLDCF

STOP BUYING ICC SHARES!

[jove]

There is NO gain in buying this stock. It is frozen at 1.88. While it sits here, ACB rises, and the amount of shares ICC holders get of ACB shares DECREASES!. ICC Mngt. should be taken out by the Uraguanian soldiers gaurding the crops, and shot at sunrise! 

However, a rough estimate says about 34 million have traded since the announcement, and the dog insiders hold about 38 million, so there is still about 60 odd million not in the hands of ACB...yet. Maybe this will come down to a vote. Mine still count. Unless the bid gets to 1.95.

And, if it gets to 1.95....I will wait for 2.00....and...if they push it above that....?

[Faulkie2]

Are you sure? That makes sense but when I read the annoucement I thought they said ACB's price for the exchange was frozen as well calculating an average price for 20 days prior to Sept 7th. I wasn't sure if I was reading it correctly.

[Faulkie2]

looks like we can buy it, see the response above! it is frozen at .2448.

[TheSpartan77]

So youre telling me ACB has went up over 50% in past few weeks and ICC hasnt moved, yet it's frozen at .2448? Thats complete nonesense! Based on the fact that no one has received voting papers, the completion of dea; seems VERY far away and the 20 days will begin when ACB has maxed its stock price...

[Riverdalechar]

I too wondered about how many Aurora shares an ICC sharesholder will get, so I sent off an inquiry to Aurora investor relations about the timing of the 20-day volume-weighted trading. I got this response today. I'm still a bit confused because right now 0.2448 Aurora shares does not equal $1.95. Maybe Aurora will fall? Anyway, see below: "Thank you for reaching out to the Investor

[cmiller02]

I believe the $1.95 is derived from taking the VWA for 20 days prior to Sept 7th and dividing it by 0.2448. Correct me if I'm wrong. I guess the real question is: when this deal closes do I get .2448 shares for every 1 share of ICC...period.

[Iamsuperss]

no. 

[jove]

On the 7th of Sept. ACB VWAP was 7.96.  They gave ICC a value of 1.95 per share. That price is set. 1.95 devided by 7.96 equals .2448. Therefore, say the ACB VWAP at some point in the future ( the date before the deal wraps up) is 12.45  1.95 devided by 12.45 equals .1566 of a share. In other words, less than in the example the companies used.  The dollar value remains the same,

[cmiller02]

Thanks for correcting my math jove! so this information from Investor Relations is bs then... 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

[Riverdalechar]

I asked Aurora Investor Relations the question about ratios, using the example that one of you posted earlier today. And Jove is correct. See below. "Thank you for reaching out to the Investor Relations team.   We apologize for the miscommunication. I confirmed the information with my IR team. Please discard my previous message and refer to the message below.   The Transaction will

[cmiller02]

There it is....the answer a lot of us have been waiting for. Thank you for posting this!

[Riverdalechar]

Yup. It was a badly written press release. One wonders if Aurora was being deliberately misleading, and if so, why.

[coletrickle]

When ACB made its prior acquisitions the rates stayed the same, however IMO due to the lack of investing knowledge by the majority of holders in the marijana space there were in both cases significant arbitrage opportunities due to the mispricing of both assets relative to the terms of the arrangements.