OTCPK:NWKRF - Post by User
Comment by
Wonnetron Jan 14, 2018 8:01pm
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Post# 27355128
RE:HIP can win 2 ways
RE:HIP can win 2 waysRmartel1 wrote: 1 ) If Canmed agree to Acb take over at $24by PROXY VOTE; then Hip deal is off with Canmed and 9.5 million according to agreement Nov 17, 2017 is payable to Hip Company that increases share value by 41 cent sper share.
2 ) If Canmed share holders refuse Acb take over offer of $24 and vote to buy HIP then the agreement of Nov 17, 2017stands ; wisely 289 million share holders by PROXY VOTE ; will refuse the buy out as prices have change dramatically higher. So they are tagged 5 million of about 20 cents a share. but 20 cents lower then $1.68 is better than selling for 50 cents.
One must remember that because of the deal the price of HIP remained at 50 to 60 cents as everythin gin weed stocks went up. So after tha deal is refused HIP is free to rise in value.
I think we are in for two factions monday ; some buying in HIP and others fearful.
but ultimately HIP share holders may win with a smart Vote by Proxyof NO to selling or Canmeds refusal.
Pretty hard for that to happen. Hip vote to join CMED is Friday Jan 18th. CMED votes to join ACB on March 9th.