Newstrike Brands Ltd NWKRF

Hip Warrant A

[nm198410]

Hip Warrant A is out in the market.  Currently trading at .24

[321Blastoff]

Just got some at .205.The ticker is HIP.WT.A

[nm198410]

I got a small amount at .24.  Waiting for the rest to fill but price seems to be ticking up.

[Stygian]

What's the difference between this and the other set of warrents? I've got some of the orginal that is sitting at 0.10 right now

[321Blastoff]

Basically...the strike price on the old warrant is $1.75 and they expire in Feb of 2020 and the new warrants have a strike price of $1 and expire 5 years from now in 2023.

[Charles86]

1$ by 2023, lol how can I resist.  Got some at .26 Might be a bit pricey at the moment......but 2023 ! seriously unless it massivly flops and get delisted nobody is going to lose money with these warrants.

[goldman777]

I`m new to the warrant thing but have been doing a bit of research...a few questions if I may. if I sell my 50,000 HIP shares and pile into the warrants I can end up with maybe 120,000 warrants which will entitle me to buy 120,000 HIP shares at any time for $1.00 each until 2023 regardless of what HIP is trading at ? I can sell the warrants at anytime for current market value so I can day trade

[321Blastoff]

Yes you can trade warrants just like shares. When they expire they are worth nothing but 5 years is a long time in an emerging sector.

[Stygian]

The strike is $1, but does it have an acceleration clause? I know the old ones accelerate at $1.75 for 10 consecutive days if I recall correctly

[Insulatorsteveo]

Stygian.  It's 2.60 average over ten consecutive trading days. For old warrants.  I do believe the new ones have none on it 

[321Blastoff]

That's correct. The strike price is $1 with no acceleration clause and expires 5 years from now in June (19th I believe ?) of 2023.