Newstrike Brands Ltd NWKRF

RE:RE:RE:BIG news coming

[Itsatrap]

BUYING4ME wrote: Can you explain your play on warrants?  The exercise price is $1.75 isn't it?  The stock has to hit $1.97 to break even, or $3.48 to make it a better buy than buying shares.  If you buy shares @ $1.16 and it hits $1.97 that's 70% gain.  If you buy warrants at .22 and it hits $1.97 you have 0% gain.  You'd need the stock to hit $3.48 to make the same 70% gain you would by buying shares vs warrants.  Am I looking at the wrong exercise price or is everyone assuming this thing is going to hit $4 in the near future?  Either way I'm trying to figure out why everyone is so excited about the warrants as I may have missed something

The only reason I bought hip.wt was to flip them after the Senate approval, I have no intention of holding them for long. I found the following blog post informative, hope it helps. https://nasdaqnewsreports.blogspot.ca/2018/03/two-cheap-warrant-plays-in-canada.html?m=1