Newstrike Brands Ltd NWKRF

RE:RE:RE:RE:RE:RE:RE:RE:RE:Lock up increased to 38%

[silkroad007]

They need 66% of the votes cast.  They have 38% of the total float meaning they technically have 100% of the votes cast so far.  You are confusing or not thinking about what "votes cast" means.

If they have 3.8 votes locked up as "yes" out of a max possible 10 and nobody else casts a vote, tell me what % of the votes cast do they have.... 100%.  

Re read my below message. 

londonsate wrote: your math is confusing me,  66% is mandatory, and they claimed 38% yes,  so they need another 28% yes. There are 52 % left after 38% , if more than half of 52% say NO, then no deal, so why r  you so sure it is done deal ?     

silkroad007 wrote: and dont forget thats 66.66% of the votes cast not the float.  With 38% of the float locked in a yes vote you will need 13% of the float to vote NO just to offset the guaranteed yes, plus 1/3  of the remaining votes cast.  With 38% + 13% = 51% float required just to get back to a baseline vote, you will never get 51% of shares voting so its pretty much a done deal . 

quinlash wrote: 66 2/3 for approval

Greenshooes wrote: is it true they need 60% yes vote to have a deal