Newstrike Brands Ltd NWKRF

$0.79 sale!!!!!!!!!!??

[Bullish19]

Newstrike thinks that $0.79 sale price is beneficial. CMED is at (24.57*33)/1000=0.79

What am I missing here?? how does this share price go up from current level with this announcement

[harperhater]

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[Swampcat27]

its a setup....

[harperhater]

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[Bullish19]

That is no misprint! ----- Newstrike Reiterates Benefits of Proposed CanniMed Transaction TORONTO, ONTARIO--(Marketwired - Nov. 27, 2017) - Newstrike Resources Ltd. (TSX VENTURE:HIP) ("Newstrike" or the "Company"), together with its wholly-owned subsidiary, Up Cannabis Inc. ("Up Cannabis"), a licensed producer of cannabis under the Access to

[harperhater]

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[Bullish19]

I see. the run up was way after this news came out.. will be interesting to see how mgmt handles the negotiation now that we are in a higher price environment

[MNK3240]

Question is everybody knew this deal (33 for 1000), how the h**l this share went upto $3.07? the math was always same, wasn't it? Unless it's simply due to small investors and did not know about the deal at all.

[SLCGrad2k]

HIP Shareholders could ultimatly vote down the merger.  

[Bullish19]

SLCGrad2k;  This is what I mean, if they vote it down now they may never catch a suitor before this bubble bursts! They blew it by pushing for a merger so early... Now they are in a BAD spot

[MNK3240]

Not necessarily the deal makers are in bad spot, there are other side deals like highring the owners/executives with lucrative financial/stock and other options. That's why it does not seem like HIP management is much concerned about it, it's the new stockholders more upset about it.

[Swampcat27]

but when will the bubble burst??  there is always time ...  Just watch Lord of the Rings....

[SLCGrad2k]

i wouldn't say all hope is lost, still plenty of time to merge with another company, imagine if Canopy came in and offered a better price.  not saying they will but even going at it alone could still be better than selling at such a low price.  it all depends on the ratio of owners for and against.

[Swampcat27]

now just thinking about that gives me a big woody.   :P

[beeeenz]

So much fear mongering and panic here. This board is a pool of scum.  Get a grip people. 

[Swampcat27]

i concur...its not over yet.

[harperhater]

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[Swampcat27]

which very well may happen now that curcumstances have changed..If i was HIP i'd take the hit screw everyone and start it over. Now that they have attention  the name would be recognised...but what do i know...??

[Bullish19]

MNK3240; BECAUSE PEOPLE ARE IDIOTS LOL.. 'FUNDAMENTALS' went out the window a long time ago

[KingMidasAu]

hit $3.30 actually, so a bit higher. It would be hard to say they were all small investors. Millions upon millions were bought up. Share blocks of 50k+ were going off in the $2.00s and $3.00s. So hits of over $100k plus, and I don't think that's your average mom and pop investor. Lots have sold and filtered out since but we are still almost 3 times up from our .60 starting point. Not sure

[Asterix99]

There is no price offer. It is 33 for 1000. That stays the same regardless of price. YOu can calculate the price. 

[harperhater]

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[MNK3240]

if the deal was done for share for share, then stock price is not a considering factor. Also if they agreed upon the terms at the time whatever was the consideration, after the fact many things can happen but that does not change the agreed terms unless you scrap the old agreement and make a new one. if it goes through, there is no hope. Does anyone know the timeline as to when the votes will

[SLCGrad2k]

i think its on the 19th of this month

[bepositiveTA]

Calculate number of shares you will get that is = no. Of shares u have 100033 Eg: suppose you have 2000 shares HIP so then you will get (2000100033) = 66 shares CMED Now cost per share = total investment in HIPno. of share you will get. Cont. Eg: you bought 2000 @ 1$ = 2000 Then 200066=30$ per share CMED So your cost will be 30 per share and after consolidation or merger what price the share open

[bepositiveTA]

First calculate your cost as per 1000 for 33 and if you bought below 1$ it should not be that bad.

[harperhater]

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[Swampcat27]

which the price shows to be hovering around 1.65  (average)

[Bullish19]

Gotchya.. thanks. Still seems silly to me they would be so happy with the offer only two months ago.. it still hints that they don/t believe in a price much higher.. Did they not think they would run up, given the current environment we are in? what does it say about managment foresight and reliability if they 1) renege on the previous merger support, or 2) stick to their guns and say that the

[Bullish19]

No doubt.. They are literally telling you that they are not worth $1.60 WOW..