OTCPK:NWKRF - Post by User
Comment by
deeton Mar 16, 2019 10:04am
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Post# 29495415
RE:I FEEL LIKE A REPORTER LOL
RE:I FEEL LIKE A REPORTER LOLmozzarella wrote: Newstrike shareholders still have to formally vote on the deal in an upcoming special meeting, with 66% required to vote in favour before the acquisition is finalized. If the agreement is terminated, the terms of the deal require Newstrike to pay $7.5 million to HEXO Corp
Huh?? $7.5 million break fee? I thought the offer is conditional upon shareholder approval. If shareholders turn down the offer....the offer is null and void. Why would they have to pay a break fee?? Can you show me where that is mentioned in the agreement??