Newstrike Brands Ltd NWKRF

yes I understand

[buddy12canadian]

about the $5 bit, just saying they bettter have good things lined up tp promote if they do the split.like getting listed on other exchanges

[stockbull72]

What 80 million in financing not good enough for you. The share price right now will not have institutional buying nor attract the investors that don't touch penny stocks. It's nothing right now being a penny stock regardless of what financing etc has been done. A higher share price will increase stability and be a better guage or rather guide to what's coming in to what's going

[321Blastoff]

A question for you then. Which of the companies in this sector who are commanding a higher share price than HIP have done so by implementing a reverse split ? If none, then what did these companies do to acheive their higher share price ?

[Weedzilla]

A reverse split was never in queston for any of the companies you choose to bring to our attention. As far as ACB, WEED, APH, -They earned it. SO WILL N.

[Weedzilla]

HIP.

[321Blastoff]

If that is true then I have made my point and that is why does HIP need to resort to a reverse split to increase  share price ? Shouldn't it be possible through good management, progress with the facilities and time ?

[stockbull72]

They were front runners & companies with many more shares available to offer. Hip was 'cast out' of the Cannimed deal which made them look bad. It's all investor mentality. Our chump change which is just what it is to them is not enough to float the boat. Hip will need more money to expand as they near production and most likely seek to increase it. As mentioned.....they need

[321Blastoff]

Well I don't know what will happen. If I did I wouldn't be spending my time asking myself questions like these. My fear though, once again, is that a reverse split will also possibly send a bad message to "investor mentality". We can only wait and see I guess ? Good luck.