OTCPK:NWKRF - Post by User
Post by
KWVC27on Mar 13, 2019 1:32pm
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Post# 29479923
Just got off phone with Dennis IR-Warrant Details
Just got off phone with Dennis IR-Warrant DetailsCalm down folks. I just spoke with with Dennis from IR. I'm actually surprised he called back as I left a message only an hour ago.
Deal needs to be voted on Approx, June or July and closes in Aug. All Warrants will be converted at same ratio and ARE INCLUDED in the deal. More importantly, the dates will remain the same and all Warrants will continue to trade under the same symbol until Aug (then he is not sure of the details on symbol but most likely will stay the same). He believes that if the Warrants symbol stays the same, upon expiry date you will get the Hexo shares (converstion SP based on the deal price today). If symbol on the Warrants or Stock change, everything gets rolled over including expiry dates.
Basically with HIP trading at 50 cents today and doing the conversion to deal price, the A Warrant Strike price of $1 would be converted exactly the same if Hexo share price doubles from $7 to $15 (todays price) by 2023.
Do not sell! Your Warrants are GOLDEN and the expiry date is the same. With the closing date still that far away, another company can outbid HEXO and they have 5 days to match. All that HIP would need to do is pay the 7.5 million dollar fee to break the deal or HEXO would match the offer. This story is just beggining folks, DONT BE STUPID AND DO NOT SELL.