Newstrike Brands Ltd NWKRF

THE FACTS ON HIP

[Rmartel1]

There was an agreement entered into by Canmed and Hip.  but what is not mention is that this January 66 2/3 of Newstrike will have to vote by PROXY : either to sell or not to sell their HIP shares to CMED. this will occur in January 2018: this month.Dates are mentioned Jan 17 to 19th.  Canmed share holders wil have to vote by PROXY as well.   If HIP shareholders refuse it will cost them about 5 million or roughly 20cent per share. As stated in the Amended ACB Aurora News if Cmed refuses they will have to pay HIP 9.5 million devided by 289 million shares works out to .41 cents per share.  So given these facts of Nov 17 .2017 that also mentioned a proxy vote of share holders: who of HIP would accept 50 cents a share when the stock closed friday at $1.68?    Most of HIP share holders would be wise to wait for CMED shareholders to vote. and if no to buying HIP results ;then HIP share holders receive 9.5 million that works out to 41 cent per share. If Cmed vote to buy then If the price is not the average of the last 6 days trading and they bring up old offer then share holders should take the 20 cent loss and vote NO.   Looks like there will be a roller coaster ride up and down for HIP on monday.  SO BOTTOM LINE HIP SHARE HOLDERS WILL NEED REVISED PREMIUM TO SELL. OR THEY WILL VOTE NO.

[surveyor2582]

Thank you for that intelligent and informative post Rmartel.

[TrixBits]

Good post. I hold lots of shares and i fear how this will go. i have a limit order setup at 3.24 with fingers crossed. this rollar coaster scares me

[Rmartel1]

Ok after reading someone Responce to my post on the facts . THE SHARE HOLDER PUBLIC OF HIP IS ONLY 27 PERCENT. So the management who own 48 percent and others will out vote us. .. Page 18 newstrike.ca/wp-content/uploads/2017/07/Newstrike-Investors-Presentation.pdf My advice if over $2.00 sell.  Now unless there is a REVISED PRICE i DONT KNOW ABOUT.

[StrongLong]

Thanks for the summary. Look in this investor presentation... Page 18 newstrike.ca/wp-content/uploads/2017/07/Newstrike-Investors-Presentation.pdf The shares are very highly concentrated in Newstrike. This vote is going to be decided by the board and a couple other key players. If every public share holder voted no it still leaves 73% of the shares in the hands of the directors and a select few

[Rmartel1]

Yes only n27 percent in Public share holders hands. Sad to say.