RE:Warrants will be ok ..stop tripping G, did you get a confirmation from HIP IR on this? The last time I held a stock and this happened to it I was simply paid out, the transfer didn't happen automatically.. that is why I am concerned.
Right now I am still waiting to hear back from IR, I called and emailed yesterday but have nothing back. I called my broker and they said that they yet had a chance to review the docs to make recommendations to their clients so I am waiting on those guys too.
Not to be parnoid but it does make a difference and I need to be 1000% sure as to how the deal will work so I can decide on where to keep my money and, to some degree, how I will vote.
Q
Ggeeman wrote:
Treatment of holders of Newstrike Options and Newstrike Warrants. In connection with the Arrangement, all Newstrike Options outstanding immediately prior to the Effective Date will be exchanged for Replacement Options which will thereafter entitle the holders to acquire HEXO Shares (rounded down to the nearest whole number) in lieu of Newstrike Shares, subject to adjustment in number and exercise price to give effect to the Exchange Ratio. Additionally, to the extent Newstrike Warrants are not exercised prior to the Arrangement Effective Time, upon the exercise of such rights, holders of Newstrike Warrants will be entitled to be issued and receive and shall accept for the same aggregate consideration, upon such exercise, in lieu of the number of Newstrike Shares to which such holder was theretofore entitled upon exercise of such Newstrike Warrants, the aggregate number of HEXO Shares that such holder would have been entitled to be issued and receive (rounded down to the nearest whole number) if, immediately prior to the Arrangement Effective Time, such holder had been the registered holder of the number of Newstrike Shares to which such holder was theretofore entitled upon exercise of such Newstrike Warrants.