Newstrike Brands Ltd NWKRF

Mathematics

[Planecatcher]

can someone explain why the c/med - hip is a good deal?

if you have 10 000 hip shares @ 2.95 your laughing at 29 500$ 

convert it to c/med shares 330 @ 26.62 = 8784$

even if c/med  doubles to 53.24 instantly your still under @ 17 569$ 

why would hip holders agreee to such a loss ?

[Underwhelmed]

It is not a good deal, hence if the deal looks like it is going to happen dump your shares

[KingMidasAu]

Market looks to be pricing HIP separate now imo. That CMED or ACB is buying up a lot of HIP and not reporting it ( I doubt this). $300-Bid 519100/ask 470900. Looks like another good day on route

[KingMidasAu]

$3.00* bid/ask. Not $300, just if anyone is questioning my sanity

[gas61di56]

Seems HIP will need to expand some more...looking at the CMED news this morning...growth

[ShowMeThaMoney]

I believe they now have no choice as the majority of the ballots have already been cast.  The ballots went out in November when the stock was much lower.  I've read a few times now that all of the major shareholders in HIP.VN, accounting for nearly 60%, would have voted YES at the time.  That said, anyone who would have held off would almost certainly note "NO" now

[gas61di56]

I think ACB will vote on HIP also cause they are buying shares right now...call it poker or chess doesn`t matter but they are most likely buying in and will send it up...

[KingMidasAu]

ACB is buying HIP shares now? We know they are buying of CMED shares for the takeover but why buy up HIP shares? (if that's what your saying) to scuttle the deal between CMED and HIP? Any further breakdown of this post would be great

[gas61di56]

the more shares they can buy the less chances the merger will happen with CMED unless the agreement includes a close where the initial numbers can be revised...No deal with CMED/HIP = ACB/CMED and HIP next to be taking over...HIP has everything set up to grow fast and bring more growth to ACB

[Underwhelmed]

FYI a publically traded company has to announce when they purchase shares of another traded company.

[gas61di56]

Is there a delay on the time they buy and the time they need to disclose?

[KingMidasAu]

I thought that as well but not 100% on all the rules and regulations. Is there anyway to delay announcing the purchase or filing the claim or does it have to be same day or week? Also could the CEO or directors of either company buy the shares personally and not declare it? Transfer ownership to the company at a later date? Its all speculation anyway but would like to learn if you know. Thanks

[domdom03]

there is a clause in agreement that hip has to pay a $5 million fee to break agreement and cmed has to pay more

[KingMidasAu]

If ACB completed the hostile takeover of CMED and cancels the deal for HIP, would that mean the new ACB/CMED company have to pay out the $9.5 mil? I assume ACB would fight that I just don't know how

[keepitrealhomie]

because of cmed purchase, it mean acb cant buy them. ACB can go f them selves with their crud offer. 

[KingMidasAu]

Great points! Thanks for the reply, I was thinking that HIP (with the expansion news and license) is now a great takeover target so that all would make sense! Id be ok with that; especially getting a takeover offer at a much much higher share price, that's the best! :)