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Newstrike Brands Ltd NWKRF

"Newstrike Brands Ltd is a licensed producer and cultivator of medical cannabis based in Brantford, Ontario. The company cultivates and sells both forms including dried and fresh marihuana."


OTCPK:NWKRF - Post by User

Comment by goldman777on May 31, 2018 6:27pm
119 Views
Post# 28108431

RE:RE:anytime this stock puts up a resistance

RE:RE:anytime this stock puts up a resistance I caught the falling knife for 50K shares @ 71 cents....but still feel good about my position here. Except for the somewhat bloated share structure I feel comfortable being a share holder at that entry price. Instead of a reverse split - which I know they are contemplating how about a share buy back approach once the recreational launch is behind us and the revenues start piling in - seems much more prudent and beneficial to the s/h base. Over the course of a year they could chisel down the TSO by about 20% - stick them in the treasury for future use.
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