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Bullboard - Stock Discussion Forum Newstrike Brands Ltd NWKRF

"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 Discussion

Newstrike Brands Ltd > HIP can win 2 ways
View:
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 Rmartel1 on Jan 15, 2018 12:20am
How can CMED acquire HIP ? Conclusion – Which deal will go through? The Newstrike Resources offer requires CanniMed shareholders to approve the transaction. Given that 38% of CanniMed shareholders have contractually agreed to support the Aurora offer and to vote against any proposed action by the CanniMed board, the Newstrike Resources offer is a highly conditional proposition with significant ...more  
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
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