Newstrike Brands Ltd NWKRF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:This is risky at .57 like it or not

[Extalliones]

As far as I can tell, and he can correct me if I'm wrong, his position seems to be as follows:

1) ACB has lock-up agreements with 38% of CMED's shareholders;
2) the lock-up agreements force that 38% to vote against the acquisition of CMED;
3) Fact #2 will make it difficult for CMED to obtain a majority vote to get the acquisition agreement approved by CMED shareholders;
4) If the agreement DOES get approved, he believes the ACB offer may not go through;
5) he believes the ACB offer is what is currently propping up the CMED share price - because the CMED share price only spiked up from $15 once the ACB offer came out; and
6) According to that line of reasoning, the current HIP share price should only be based on the $15.00 valuation of CMED, because that's all it will be if the HIP deal goes through (or so he is arguing).  

It is a reasonable position.