Newstrike Brands Ltd NWKRF

WHERE`S THE BOTTOM FOR THIS DOG

[blobboy]

Really thinking of punting what`s left of my entire position now. I can easily see this thing bleed down to 35 cents as there is just no catalyst to a higher s/p now until Q4 numbers. And to wait that long on speculation will be excruciatingly painful. Sure there will be some news in the sector but I don`t see any big M & A moves ahead of at least 1 years worth of reporting. Realistically speaking is the vast majority of marketing costs behind us / Sure we are increasing capacity, sure we have branding...I wonder just how long it will take for the market to give this sector any strength. So I look at some of the heavily beaten up Canadian oil stocks and see a much easier double over there well ahead of any significant price appreciation here....more red for the mj sector in the short term is my call with the intent for cheaper re-entry later on. Time to get out my old high school foot ball cleats and see just how far away I can punt this over sized turd. 35 cents is going to be very near the bottom - 550 million TSO, $150 million total asset value, $50 million enterprise / growth value minus cash burn = back of the envelope calculation ..... 35 cents roughly, Original warrants will be worthless in 6 months if we don't see stellar reporting / growth, 'A" warrants won`t be far behind - this company does not have a MC of $600 million.