Newstrike Brands Ltd NWKRF

RE:RE:RE:RE:RE:Positivity

[silkroad007]

Math was quick of the top of my head - but methodology I think is fairly accurate.
yes the warrants are an IF and that woudl add to the already 100MM raised.  No im assuming those 70MM or so warrants are already in the diluted share count.

Anyway, sure marketing, burn rate etc was a guess hence the profit margin I said was 50%?.  Regardless even if all worst case scenario and you say 1.44/share with pessimsistic/coservatve figures thast still 50% higher than todays price and probably a double on warrants. 

If you think 1.75 (thats the strike price btw) is a pipe dream I think you are wrong but who knows.  One sniff of a buy out and we pop to 2.50 again.  If that happens look out on the warrants.  

VeritasVern wrote: Silk your math is incorrect and you fail to understand the warrants exercise. Currently there are about 484 million shares outstanding. The warrants wont get exercised until the share price is beyond $1.72. (good luck with that). Even if we assume they get exercised, add about 62 million shares, 4.75 million shares for exectutive copensation, 2.1 million shares for Jason Redman, 1.0 million shares for Stephen Smith and about 545 for the underwriters associated for the share offering. The total equals about 555 million shares in float. Based on your math that would be $1.44/share. Also you estimate of current and potential cash is high as the burn rate/construction/marketing will eat away at that.