Newstrike Brands Ltd NWKRF

Auditor essentially was fired by HIP today!

[VeritasVern]

Looks like there may have been some reporting irregularities due to auditor suddenly resigning despite the claim that "There are no "reportable events" (as the term is defined in National Instrument 51-102 -- Continuous Disclosure Obligations ("NI 51-102")) between the Company and the Former Auditor. " Which likely means there were likely "unreportable events". So now we know why there is a selloff today and a new 52 week low. Might get worse yet if anything comes to light....

[mozzarella]

This post has been removed in accordance with Community Policy

[mozzarella]

This post has been removed in accordance with Community Policy

[FXtheknob]

Hey Vern makes a good point that the auditor was asked to resign abruptly because normally audtors are changed at year end meetings as are elected board members and usually with proxy voting by sharholders.  Additionally if you recall on Nov 13th HIP announced "the appontment of Sean Byrne as the Chief Financial Officer, effective immediiately". Coincidence?? perhaps we will find

[EagerBeaver1972]

I think both are due to desire to do M&A. Maybe previous auditor did nothing for them on this front. Personally I think it is all good news

[SKL6600]

I think this is good news and just a better company. Would have been a bigger thing if it wasn’t normal protocol. Merry Christmas to everyone and let’s see if the 24th can give us one day to be thankful in the last 2 months lol.

[Skater]

THAT is the most ridiculous statement I have ever heard..." there are no Reportable events which likely means there were unreportable events??"  are you f'n kidding?  Idiot, ignored. Skater

[silkroad007]

Vern is one of the biggest idiots on here.  Negative old man and comes out on down days and tries to breed negative sentiment through his loose suggestions.  He thinks it makes it seem more legit if he is "just throwing this out there". "That may explain the selloff today"  uh no Vern, the entire maket selloff for the last 6 weeks is whats happening but nice try

[EagerBeaver1972]

Doubtful . More likely they are trying to increase odds of M&A. KPMG is a bigger more respectable name, and they have a large M&A group.