Post by
Rmartel1 on Jan 14, 2018 6:08pm
HIP can win 2 ways
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.
Comment by
onepointsixone on Jan 14, 2018 6:44pm
The HIP/CMED vote is this week. The ACB/CMED vote is at the end of March. If you take this into consideration, your argument is not valid.
Comment by
iperform4u on Jan 14, 2018 6:59pm
Plenty going forward with HIP.... some people are trying to shake the tree.
Comment by
eSocial on Jan 14, 2018 7:03pm
It is very important that people do their own DD
Comment by
Rmartel1 on Jan 14, 2018 10:08pm
I sta.. Page 18 newstrike.ca/wp-content/uploads/2017/07/Newstrike-Investors-Presentation.pdfnd corrected seeing that only 27 percent is owned by Public shareholders . so I will be selling on roller coaster ride money ;hopefully on the upside. And that is if the price is 33 Canmed per 1000 HIP which would suck.
Comment by
Wonnetr on Jan 14, 2018 8:01pm
Pretty hard for that to happen. Hip vote to join CMED is Friday Jan 18th. CMED votes to join ACB on March 9th.
Comment by
TrixBits on Jan 14, 2018 8:16pm
Cmed/ACB vote is wednesday the following week i think. Correct me if im wrong.
Comment by
Wonnetr on Jan 14, 2018 8:23pm
Proxy needs to be in by Jan 19th.
Comment by
Wonnetr on Jan 14, 2018 8:25pm
If you mail it tomorrow, it’s a 4 day standard for lettermail. Hope Canada Post gets it there one time.
Comment by
Rmartel1 on Jan 16, 2018 4:33am
Jan 19th vote I read for Cmed to vote on HIP. Hope they say NO. Most likely that will happen. I had said sun ROLLER COASTER RIDE FOR HIP and TUES same