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Bullboard - Stock Discussion Forum Newstrike Brands Ltd NWKRF

"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 Discussion

Newstrike Brands Ltd > No New Deal - look at your CEO's words below
View:
Post by SendMoneyPlz on Jan 11, 2018 11:30pm

No New Deal - look at your CEO's words below

"we don't make strategic business decisions based on 2 or 3 days of extreme volatility in the market place"..... I am honestly feeling bad for the share holders who don't understand the deal, 1000 shares will become 33 CMED shares, based on current CMED value thats about 85c a share. No new deal is coming, look at the words of your own CEO when asked directly about the share price: 

"we don't make strategic business decisions based on 2 or 3 days of extreme volatility in the market place".

Watch the video below at 5:45 to confirm the above quote:
https://www.bnn.ca/commodities/video/newstrike-resources-ceo-on-consolidation-in-pot-space~1301333

Get out now everyone or don't sign this deal. Anyone holding HIP at more than 85c a share will lose money. I'm honestly trying to help, look at lots of others on the board who have explained it as well.
Comment by WeedMadeMeRICH on Jan 11, 2018 11:43pm
This post has been removed in accordance with Community Policy
Comment by Nicolo1 on Jan 12, 2018 8:16am
I was thinking of investing in HIP. However I don't understand how the Cannimed offer will benefit HIP shareholders. It will cost me $1850 to buy 1000 HIP shares at yesterdays price. If the deal goes through, those same 1000 shares would become 33 cannimed shares and only worth $829. Am I missing something in the deal which would take into account the price of the shares on the date the deal ...more  
Comment by Charles86 on Jan 12, 2018 8:45am
we knew from the beggining to issue "pre-run". As we ran on mementum and hype, all investors who did their dd were just cashing on the hype. the sp didnt even make sense at 1$ and was questionned here.  Wait for the deal to happen if you want to invest in this company or you will lose $$$. If you missed the run, just don't chase another one, it's not going to happen.