Newstrike Brands Ltd NWKRF

Not selling....but

[Stal75]

Wow, these are certainly unsettling times, extremely hard to watch!  I don’t need to tell you guys, once to sell, the money is lost, no ifs or buts about it...gone!!  I understand it is hard to watch going under thousands of dollars but it will bounce back.  I made that mistakes twice and I promise you it won’t happen again.  Yes the risk is always there that you might lose it all by staying but realistically that won’t happen.  Patience my friends, patience!

[mathandmass]

I'm not selling (losses are above acceptable threshold), but I'm not buying more either. Not even at 0.40 what I'm sure we'll see soon enough. At 0.30 or 0.25 I'll start considering just to average down, but really, with this particular company the slide seemingly has no end.

[Myab16]

This post has been removed in accordance with Community Policy

[marketMaker123]

Nervous bag holding shareholders everywhere (including me) are hoping for a miracle which just seems less likely every passing day. The CEO really messed up big time on the secondary offering... Anyone know why we even had a secondary offering?

[mathandmass]

Because he likes being CEO and getting the CEO salary? For that a company needs to keep operating, so a few other people (and bills) also need to be paid. Revenue was largely comprised of the payout for being dumped.

[mathandmass]

Wilgar does need to go. The whole board needs to go in fact. I mentioned it before: assets have some good value, but the management is so horrendous that someone might just get all those assets in lieu of debt payment one day if this goes on for long enough. Other than signing supply agreement with Alberta (and Alberta basically signed up everyone and their grandma - 9 companies), nothing of any