Newstrike Brands Ltd NWKRF

Won’t some people lose their shirts at this price?

[Dontpanic]

With the financing agreement for 39,000,000 shares fixed at 1.32, and another 6% additional available won’t people lose their shirts buying in above that? The price is currently 1.43! lol

[gscratch]

You don't understand a bought deal ...check out Canopys from Jan 17th and the run up they had....or Auroras...to name a few.

[George141]

,,Company needs financing to stay the course...This is a way of raising cash without going into debt.Banks are slowly coming on board so getting money from the bank is a non starter. In this case lender benefits but he also undertakes some risk... This makes sense.

[Dontpanic]

Thank you

[George141]

...actually there are some people that may lose money....the people that shorted the stock when it hit the low 1.30's...the bashers, the greedy ones that have no idea of the potential of this stock. I would not be surprised to hear that some companies ( I won't mention names/) themselves may have been behind this in order to steal the shares and try to bring the company down so they could