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Newstrike Brands Ltd NWKRF

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"Newstrike Brands Ltd is a licensed producer and cultivator of medical cannabis based in Brantford, Ontario. The company cultivates and sells both forms including dried and fresh marihuana."


OTCPK:NWKRF - Post by User

Newstrike Brands Ltd > A Reverse stock split must be in the cards......
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Comment by goldman777on May 24, 2018 1:39pm
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Post# 28076343

RE:RE:A Reverse stock split must be in the cards......

RE:RE:A Reverse stock split must be in the cards......
321Blastoff wrote: The new bought financing should only bring the outstanding share up if the company has issued new shares. According to the news release the shares come from the treasury, which I can only assume means the company has sold some of it's held shares. Anyone care to comment ?

Regarding a RS of course this will happen eventually other wise they waouldn't have voted on it. So it lies somehwere in the overall plan. When will it happen, will it be good ? Time will tell. I however am not very optimistic on that particular point.


Correct - no dilution on todays news as the shares were already accounted for in the TSO, they were being held in the treasury. Now, methinks something is cooking here - bigger money and smarter money than us peasants have bought into this story a lot higher...I don`t claim to be the sharpest knife in the drawer but todays 20% discount seems like a no-brainer to be buying. GLTA
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