Newstrike Brands Ltd NWKRF

Friday

[BruceWayne2016]

If the merger goes with Cannimed this stock will rocket up! If it doesn't, it's going down quicker than the Demon in a quarter mile! Glta

[Jonzeeeee]

Why would it go down if it doesn't go through?

[SendMoneyPlz]

Ummm if the deal goes through your stock does not rocket up. Each 1000 becomes 33 CMED shares and goes down to around 89c based on CMED share price

[WoahSwerve]

Here are the scenarios I see... 1) If the merger goes through, HIP is agreeing with CMED that shares are worth less than $1. Why would investors buy HIP just for a guranteed loss? 2) If the merger does not go through, SP will slide to ~$1. I think the merger will go through and that anyone who is buying above $1 is effectively donating their money to charity.  Also, once the merger goes

[Wonnetr]

Those whom are buying this stock are shorting it....sometimes when a company announces they are bankrupt the price will go up.  It’s short buyers buying so that they are coverd on the certain short.

[Jonzeeeee]

Why do you think the price goes to a buck if the deal doesn't go through? Doesn't HIP get 9 mill if the deal is cancelled?

[WoahSwerve]

Here's why (also, I'm not a pro trader): https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00022277 Open up the Interim Financials released on September 27, 2017 for the 3 months ending June 30, 2017 and the statements from November 28, 2017 for the 3 months ending September 30, 2017. This is based on deal falling through and CMED giving HIP $9 million. On September 27,