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Just do same calculation as the one I have done, using your numbers..your shares quantity and price you paid.
We dont know yet if they will use $4.06 but it will give you an idea about the deal.
Your in Canadian $ ?
.11 is the ratio in %.
In a certain range - the one I calculated - they offering almost .4650 I think per NGW shares.
You paid .18...you should not be screw. ???
Yes calculations in CD.
...."Your profit/loss could be determined by your cost basis depending if your shares are under water or not"...
Of course profit/loss depending how much you paid.
Older members on the board probably bought at low price.
The difference .38 to .4650 is the premium right?
Interesting!
So it's not a bad deal finally.
Value is higher (if they use a range around $4.07 CD/ration .11)
I calculated in Canadian $$.
Planet 13 says after Dec 17 + 10 days (Dec 31) they will use a certain amount to calculate the ration.
I also think about it..trying to buy cheap RGBP shares!
Will see...
Let’s say your having 100K NGW shares at .38, value is $38,000.
Ratio is .4650/$4.06 (let’s use that amount) = .1145
100,000 NGW shares X .1145 = 11,450 Pl 13 shares
11,450 x $4.06 = $46,487. value
$46,487. – $38,000. = $8,487. more
100,000/$46,487 = .46486 they pay per NGW shares
Looks like you were correct, they pay almost .4650 per NGW share.
Is my calculation are correct?
"It's possible Big Pharma could be behind this legal action."
Why Big Pharma could be behind this legal action? To kill competition?
.11 is the ratio.
Why you think your crazy?
Because the P13/NGW low offer?
Probably...
I am not a pro in buyout but thats what I think.
Harpo should confirm if its the correct calculation, but I think its right.
Yes P13 SP.
In the range your talking yes its better is SP is low.
Yes it is a ratio..percent per shares.
I would have to reread the text before giving you an answer if shares are lower if it is better. But if they go lower to a certain amount, ratio change.
That's how I understood the calculation.
That I am a newbie lol.
.but thats true..I am!
And no lawsuit.
Good news!
With all those good news, I will or might be able to buy at .0005!
So much fun to watch!
What's next? Delisted???
Great! SP might goes higher in Feb.
Pl 13 do not have a huge volume 27706!
I don't see a RGBP buyout either, but I learned that it's not always a good deal for SH!
Post 101038 joe bott
Buyout are not always a good deal for S Holders.
I sold some stock from another co., (I was lucky!) because now there is a buyout..they offer .0001 per share + 10th (1/10) of the aquiring co shares.
Happy I sold earlier!
I'll buy more at .005!
One day it will goes up!
I know!
WOW! .018!
Nice Christmas gift!
Finally S Holders do not have a lots of power! They even should not bother asking SH to vote!
But good news Bartchart see the Pl 13 at $15. But it's worth what it's worth..it's only Bartchart!
Some on other forum have the same idea..they want to try to have a better deal, and lots want to vote no.
"Company is busy to raising 50mm cash to close the deal."
When we will hear something about it?
"Everyone keeps saying to just buy NXGWF if you want Planet 13 stock. Something about a discount of like 20%. I'm not sure, just regurgitating what I've seen past few days."
That's what I thought..they want to exchange NGW for Pl 13.
Sad that they did not bought couple of weeks/months ago..I would have make $$ - LOL
Yes looks Pl 13 is having cash, no debt.
I'll follow them and maybe buy some in 2022.
ok got it..that's why NGW shareholders will receive PL 13 shares..no cash!
"The terms all-stock deal and all-paper deal are often used in reference to mergers and acquisitions. In this type of acquisition, shareholders of the target company receive shares in the acquiring company as payment, rather than cash."
"All in stock deal" means NGW shareholders will receive Pl 13 stock till 70 M is reach?
Not really clear for me..I'll do a search on that. Thanks!
Hum..paying w shares for 70M US?? Lots of shares!
They probably do not have the cash...a loan from the bank? I don't think so.
Really don't know how they will proceed!
See??
"On May 20 2020, the Company (Planet 13) closed on its acquisition of Newtonian Principles, Inc. resulting in the Company acquiring a California cannabis sales license held by Newtonian Principles, Inc and a 30-year lease for a dispensary in Santa Ana, California and certain other assets.
The Company paid a total of $1,000,000 in cash and issued 3,940,932 Class A shares valued at $4,453,832 to the sellers on closing."
No..I think they can pay a part in cash + issuing new shares.
I just read an article about some move (buy) they have done in the past.