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 > Lock up increased to 38%

<< Previous

Bullboard Posts

Next >>

Comment by londonsateon Apr 24, 2019 7:31pm

83 Views

Post# 29666888

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

ok. You assume 6.2 not vote. I don't think so.

silkroad007 wrote: 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