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Newstrike Brands Ltd NWKRF

Healthcare Biotechnology Cannabis
"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

Newstrike Brands Ltd > NOT Even A Takover Premium !!! What A DISGRACE !!!
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Comment by TechnicallyHighon Mar 13, 2019 9:46am
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Post# 29477785

RE:NOT Even A Takover Premium !!! What A DISGRACE !!!

RE:NOT Even A Takover Premium !!! What A DISGRACE !!!
Eigen337 wrote:

How the BODs accepted this GROSSLY INADEQUATE offer is beyond me !!!

You know, a LOT of the share capital (~ $ 92 million) RAISED by HIP was for $ 1.32 per share !!!

It APPEARS that the management did NOT have the heart to extensively BUILD UP the company even though they kept bragging about a fully funded business plan !!!

The moral to this story:

NEVER invest in a company where a major shareholder has a ACB of shares DRAMATICALLY lower than the share capital bought deals !!!

Lucky, I moved my money out of this stock and into a heavy oil stock.

This is my opinion only.

Eigen337
 


The morons who put in at $1.32 got sucked into `tragically hip`hype and you are getting what you asked for. Stack UP or NewStrike against other LPs and youll realize they are smaller and have inferior product to other mid tier LPs... 

You deserve it. 

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