Newstrike Brands Ltd NWKRF

HIP IR WARNING

[TruthAboutHip]

So my first few experiences with the HIP IR department were waiting games which they handily won because you can only send so many e-mails and make so many phone calls before you realize that you are getting nowhere. However for me it begged the question of where is the IR department and what is their function ?

Later once I received my first return e-mail I was undewhelmed as the information I had requested was only barely alluded to and there was no actual answer to my question. I must state here that I have only ever asked very clear and basic questions like "What will be the effect of a reverse split on a warrant ?" for example. These questions after many further follow up e-mails were eventually answered to some degree and I took the answers as being truth. I still don't know if the majority of the replies I have received are actually correct ! Most recently I had asked if the latest bought deal would in any way change the outstanding share count. I was told:

"To clarify, the press release states that the new shares are being issued from the treasury so that does not result in dilution."
PM Rendon

Now please remember, this is the person HIP has in charge of Investor Relations. He/she should be able to answer basic and even complicated questions without making any mistakes.

I thought I had received information from the company's IR department and that this would be consequently reflected after the deal went through. The optimism attached to a non dilutive deal made me feel confident to continue to hold shares and in fact to purchase more.

About 2 weeks later, just after the deal went through, I was on TMX checking out stats and noticed that in fact the outstanding shares had grown in keeping with the bought deal. Well this is not what IR had advised me of. I immediately sent an e-mail and got a reply within 30 minutes.

I was asked to supply my telephone number so that the lawyer Ruth Chun could contact me. She called me later that day and admitted on the phone that someone had made a mistake. I opted to continue the discussion VIA e-mail.

Flash forward. After many emails to both Ruth Chun and Jay Wilgar I received absolutely no apologies (not even a single word from Jay Wilgar personally) or reparations and in fact was simply told that I should have read the prospectus. Well guess what ? I had asked the question and received an official reply 2 weeks prior to the filing of the prospectus. There WAS no prospectus and that is why I wanted clarification so I could make a responsible financial decision. I had of course read their filings in the past but didn't really think that I would have to go back into the SEDAR fillings and double check that IR was correct. After all I had received the information directly from the company.

So now here I am stuck with a financial loss and absolutely no support from the company who supplied me with false information.

I think that this story speaks volumes about HIP and their disdainful attitude towards their investors. I have futher plans to tell my story not only on boards like this but on social media and to the governing authorities. I encourage all of you to speak up. This is the only way we will be taken seriously as shareholders.

[Ggeeman]

man....... Im behined you all the way . They think this is a joke ?? You gonna rob us and do it with the police protecting you ??? We shall see about that. Start a petition or something, and ill be the first person that will follow you into this battle

[TruthAboutHip]

Thanks Ggeeman. I will certainly be moving forward with my complaint. I would welcome the support of other investors. First of all I have to figure out the best approach. I will post again very soon.

[Myab16]

This post has been removed in accordance with Community Policy