Newstrike Brands Ltd NWKRF

RE:RE:RE:RE:RE:RE:RE:Do not understand why anyone would buy shares at this point

[Demian72]

perhapse...to me the big writing on the wall that suggests the chair is shaking underneath Mr Zettle was his resolution to cut off his nose to spite his face when he went after his shareholders. Do you think he would do anything as obviously stupid as that (ruining his business reputation totally in vein as the case will very likely not even be served based on total absurdness) knowing he had good chances to win the vote? 

Underwhelmed wrote: Fair enough, but lets not forget CMED is 12% owned by Golden Opportunities Fund Inc who supports the deal as well as the board of directors, who combined own another 32%.  I do not think CMED would publically support this bid unless it knew it had the majority support. They know they have to keep ACB off their backs from a hostile takeover attempt