Newstrike Brands Ltd NWKRF

Hindsight and Foresight

[321Blastoff]

I was concerned about the AGM and the consolidation vote but I had no idea that they would also be preparing to strike a deal to re-finance. Without any of these moves we would likley be trading well above $1 right now and in a good position and financial state as well. However we are now in the worst position we have ever been in since the January spike in the sector and as far as I can tell no other stock in the sector has done so poorly.

I would like to know why anyone on the board of Newstrike would have even thought that any of this would have been a good idea ? I see no logic here only greed, stupidity or panic or maybe all three in one fantastic package. It is also important to remember that all of this comes ominously shortly after the appointment of a new CFO.

As it stands the new bought deal is still not even done and I wonder if it will even go through. Would any of you as an investor buy 60,000,000 shares at a price which is @12 % higher than what the present market price is ? Where is the logic in any of this ? If the investors are truly intereseted in the company why don't they cancel the deal and buy their shares now ?

There are some seriously bizarre issues going on here. What is behind all of this ?

[Insulatorsteveo]

Why ?  Because the warrants they get with the shares are really fkn good !!! 

[321Blastoff]

Seriously is the new warrant deal really that good ? If they do the deal then they can spend even more money for 30,000,000 shares at $1 per share when they already have @ 80,000,000 warrants  at $1.75 with almost a 2 year shelf life does this make any sense to you ? The current 12% difference will cost them roughly 5 million extra. Doesn't make any sense to me.

[Insulatorsteveo]

The new warrants are for 60 months @ a buck. Enough said 60 months is a long time you can buy old warrants for 0.09 right now that strike @1.75  I'd buy the new warrants tomorrow for 50 cents easy if the opportunity presented itself 

[321Blastoff]

Maybe I don't properly understand the terms of the newly issued warrants so please correct me if I am wrong, but if you would as you put it... "'buy the new warrants tomorrow for 50 cents easy if the opportunity presented itself" Wouldn't that cost you more money per share than the old warrants ? Again I may be incorrect but I interpret the NR to state that 2 warrants plus

[Thelonious]

they cant buy 60 million shares on the open market without driving the price up. plus yah the warrants they get so you were at the meeting was the general vibe a good one ? seems like people are implying nr soon

[Yskoorb]

This post has been removed in accordance with Community Policy

[Biomed4077]

You were wrong about this 

[321Blastoff]

Please elaborate on where I was "wrong"... Here is what I wrote: Hindsight and Foresight I was concerned about the AGM and the consolidation vote but I had no idea that they would also be preparing to strike a deal to re-finance. Without any of these moves we would likley be trading well above $1 right now and in a good position and financial state as well. However we are now in the

[Thelonious]

the new financing deal was closed June 19.   but I see what you mean.  however buying 60 million shares would move the market.  the average trading volume over past 3 months is about 1.8 million shares so it would take them awhile to accumulate 60 million shares without moving the market price up too much. yah I'm thinkin with both finance deals the investors must not be

[321Blastoff]

Sure but imagine what would happen if you sold 60 million dollars worth in small dribbles which drives the price into the ground and as you do so you are simultaneosuly buying back in slightly larger dribbles. We can't buy enough shares to compete with the big investors who have the ability to manipulate as they will.

[Thelonious]

sure that's possible but reality is the finance deal closed at 75 cents we as retail investors should feel ok to buy at these prices then? remember that deal that was 90 million or so at 1.32? yikes I feel bad for those guys

[321Blastoff]

I don't feel in the least sorry for people who can manipulate stock prices.Remember they are also selling off the warrants they got for free to even out the immediate losses. It all works in their favour or they wouldn't have gotten involved.