Newstrike Brands Ltd NWKRF

RE:CMED - HIP transaction

[Extalliones]

No one is going to be able to give you an answer to that.  Many are speculating that ACB was buying shares in HIP to drive up the price to prevent the acquisition from happening.... personally, I just think many people got caught up in the news release that HIP had obtained a sales licence, and thought that the CMED deal likely wouldn't go through given HIP's rising share price.  Also probably got caught up in the insane run-up that it was having, and jumped on board without doing their research.  Once the dust settled, HIP/CMED started putting out news releases suggesting that HIP management was actually supporting the acquisition and HIP started tanking - couple that with the pullback we've seen across the entire sector in the past few days, and you have the share price cut in half.  I made 5X my investment on the run-up, and I personally would be terrified to put a dime back into this right now.