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Bullboard - Stock Discussion Forum Newstrike Brands Ltd NWKRF

"Newstrike Brands Ltd is a licensed producer and cultivator of medical cannabis based in Brantford, Ontario. The company cultivates and sells both forms including dried and fresh marihuana."

OTCPK:NWKRF - Post Discussion

Newstrike Brands Ltd > Serious question I'd like to know ?
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Post by itsallgame on Aug 20, 2018 2:01pm

Serious question I'd like to know ?

Would it be crazy to get a loan from a lender,for only 2 months,pay the high interest rate for an unsecured loan.
I'm thinking about doing it,taking a chance on Hip
This will never happen again for marijuana
Comment by Thelonious on Aug 20, 2018 2:07pm
not crazy to borrow money to buy this stock, looks like the market is hot again after the 5B bid from constellation for weed.   HIP has the potential to run UP
Comment by flyboy27 on Aug 20, 2018 2:07pm
#1 rule...  Never invest with what you cant afford to loose.         and some of us are already in over our heads
Comment by Stal75 on Aug 20, 2018 2:14pm
Well said!!  I am sure many of us are in over our heads....me included!! lmao  That being said, it is a calculated risk and at the end of the day we all know you need money to make money.  Even if he took a 20k loan, the chances of him loosing every cent is almost impossible.  At the end of day he's got better chances on making some decent return.  But hey, the risk is ...more  
Comment by Stockmoves1 on Aug 20, 2018 2:18pm
absolutley brilliant if it works and entirely ugly if it doesnt lol................. odds are in your favour at present..
Comment by Stockmoves1 on Aug 20, 2018 2:21pm
never risk more than you can afford to loose.. take whatever the amount of the loan is and reduce it by 40% knowing that is likely the worse case on your loss.. so if you feel comfy with a 10k loss take the 30.... if the stock goes to  90. pay off your loan and ride the freebies...
Comment by Stockmoves1 on Aug 20, 2018 2:21pm
not perfect math but a ballpark analogy....
Comment by Stal75 on Aug 20, 2018 2:22pm
I would suggest making a decision sooner then later, 57 cents is a decent price.  By the end of the week we could very well be in the mid 60 range.
Comment by itsallgame on Aug 20, 2018 2:17pm
thanks for the info My problem is they said yes to the loan for 30000 grand Fully open and no penalty