Agree and a lot of pressure on AC8 will come with people trying to get the arbitrage of 1.3 CP1 shares ie AC8 14cents X 1.3 in AC8 via CP1 Easy money to sell AC8 and buy CP1 if you can buy / sell below the conversion if you believe the deal will go through.
I am actually picking up some AusCann at these levels , not enough CannPal around.
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Ann: CannPal and AusCann Enter into Scheme of Arrangement, page-43
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