OTCPK:NWKRF - Post by User
Comment by
Extallioneson Jan 05, 2018 7:26pm
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Post# 27294660
RE:RE:RE:Did I read this correctly?
RE:RE:RE:Did I read this correctly?Gulruthina wrote: So Cannimed will not issue new shares to newstrike ltd shareholders instead newstrike shareholders will get their current newstrike shares converted to 33 cannimed shares for every 1000 they own in newstrike?
Isn't that a bad deal for the shareholders. Why would they want to go through with that
Correct. And that's the problem. It IS a bad deal now. I get what Cam is saying, and I agree with him that being with CMED would be amazing for HIP. I just don't think it's going to happen at this valuation. If we were to take that .60 share price hit, we would lose 40% of our value. We would need CMED to rise that much after acquisition just to make our money back - about $38.00 per share of CMED. Attainable? Yea, probably (almost guaranteed), but who wants to take that initial hit at this point? Especially when our share price might rise even further over the next 2.5 weeks.