Newstrike Brands Ltd NWKRF

Heads-up

[VeritasVern]

The company in their second last news release said that the financing was to close on Feb 14. That was yesterday and as of today no announcement. What are the possibilities of the financing not closing? Silly question? lets look at this further. 1) pending news is delayed 2) short positions on HIP is one of the highest on the tsx and coincidentally increases after the merge hype and bought deal finance announcement 3) HIP hires Whalen to chair the "audit committee" yesterday. Just a possibility but if this pans out it could be bad news and would reflect on the share price.

[Moneymaker977]

The closing date of the Offering is scheduled to be on or about February 14, 2018 

[Swampcat27]

   Well ther VVern...  I the Moron can answer that   #1-  OH  MY GOD   the Pending News is delayed ....business is business  #2-  The Short positions is a reflection of the lack of interest of HIP at the moment, and possibly more importtantly, the overall psychology of the market right now   #3- what relation does "the HIP hires Whalen to

[Dontpanic]

The deal should still close, in all but the rarest cases bought deal financing under similar instances still goes through. It just takes the financing company in this case (Cannacord genuity) longer to sell the shares they purchased. 1.) The news is not delayed, the date was in or about February 14th. 2.) Yes, HIP is one of the most shorted shares in the MJ sector and of course the amount of

[VeritasVern]

Tomorrow is Friday which has been a down day recently for MJ stocks and HIP. Without news tomorrow I suspect it will be another down day. Especially since Seeking Alpha has a wait and watch recommendation. 2) Are you admitting that the stock was inflated and overbought. I seem to recall at that time, you were quite certain we would breach $2.00. Now it seems like that was an obvious observation? 3

[Dontpanic]

I’ve heard this over 2:00 dollar remark from both you and Swamp now. I believe I said “come legalization”. But if you can point me to the post and no i’m not being smart, I’ve looked and can’t find it. Information given “at the time” is only suitable at that time. Looking back yes it appears it was inflated and over bought (by the way how far back are we looking) which is always clearer to see

[GuzzleGuts1]

It’s there you have to be a rbc client in direct investing look under research type in Newstrike resources and it does say it’s undervalued and strong buy at 1.50 I looked yesterday cause I deal with rbc and it’s true they say it’s a strong buy no guff

[Bottomsup2]

Guzzle guts.. The pointer at 1.50 is not what they consider it the price to be That little 1.5 scale is a sliding scale indicating a good time to buy or sell. So anything between 1 and 2 is excellent. The fact it is showing 1.50 is not indicative of the price. It means it's a strong buy. If you look on the sage page research to the left. They have currently overnight valued it at 1.73 per

[Swampcat27]

first sentence 

[Swampcat27]

  oops just woke up   lol   first sentence..

[Dontpanic]

I should have included that there is a possibility that the share price for the bought deal may be renegotiated depending on what is included in the agreement. Once again, this is just my opinion. Do not base your investment decisions based on my opinion. Do your own research and form your own opinions based on your own opinions.

[Dontpanic]

[FXtheknob]

That is mixed news Panic, the fact that there is a call for increased governance in the cannabis sector in general is not good news. If the hiring of Whalen is to address this ok but his appointment based on the current share price deline means little at this point. While bone head Royal Bank may have a buy rating other are saying stay out "for now" as the MJ sector has been unjustly

[VeritasVern]

Good points FX, my understanding is that an estimated $1.2 in January alone was raised in deal offerings by the MJ sector. This is flooding the market with shares and taping out retail investors. Going forward MJ loger-term has potential but for the time being 1.2 billion may have sucked out most of that new money.