Newstrike Brands Ltd NWKRF

RE:$2.15 is my target

[potcommitted]

Goldman I'm not sure I follow your logic here. 

If the ratio of HIP for CMED is 1000/33 then your 50k shares are worth $61,050 ($37.00/sh) at current market in terms of CMED. While HIP is trading at $1.65 which is $82,500. So you're trading at a 35% premium over what you will get if this deal went through with CMED right now. 

If you do believe that you will get 4.5 shares of ACB for each CMED and you believe the ratio is going to be as voted 1000/33 then I don't understand why you would not sell HIP right now and buy CMED at current market. Given that the CMED deal has to occur before the HIP conversion occurs in your analysis you are guaranteed at least the 35% premium plus whatever is agreed upon with Aurora and with one layer less risk (ie if ACB  decides not to buy HIP). For example

Sell HIP 50,000 x 1.65 = $82,500
Buy CMED $82,500 / $37 = 2229 shares 
Converst to ACB @ 4.5 = 10,030 x $14.50 = $145,442

Your premium would be 80% higher.

Am I missing something completely here?