Newstrike Brands Ltd NWKRF

Wasn't this stock at $.33 last month?

[MisterMontreal]

I owned HIP warrants and HEXO (I say owned as I sold the HIP warrants today as my feeling is the HIP warrants are going to tank over the coming months, even though I think the HIP stock will not... my HEXO I am still holding as I have been for the last year.) 

I don't generally post much (Never saw the point) but follow regularly. 

I feel like the only one on the HIP board that has noticed that in spite of HIP shareholders going on 'til they are blue in the face about how the stock is ready to take off, their chart pattern has been a fairly straight line, but always trending downwards more than upwards for as long as I have been there... HEXO's chart also had that flat line thing quite a bit this year, but overall trending upwards. 

All of the HIP shareholders are talking about the "Premium" they want... and I understand that if you bought HIP when it was at $3 a share then yeah, it hurts getting $.47 in exchange, but last month HIP was down to something like $.33 a share. The company was a lame duck not trading anywhere near what it was worth (I would argue a lot like HEXO...) MERGING (It's not a buyout) only makes sense for both companies to break through this wall of downwards pressure they BOTH seem to be facing from the market. 

This is short term pain LONG TERM GAIN for HIP shareholders. If your stock was worth $1 a share, it would be trading for $1 a share. It's not a rape, it's not a VERY BAD DEAL it's a good opportunity.

I bought HEXO at $4.25 thinking it was worth $18 at the time... I'm here almost a year later and it's still only at $8. 

HIP has the same problem, what we THINK it's worth, and what the market is TELLING US it's worth are totally different things. Put both companies together and HOPEFULLY (I'm still not 100% convinced!) they'll push past this resistance and really fly.