Newstrike Brands Ltd NWKRF

HIP IR Feedback - New Facility Phase 1 Complete + NR Update

[quinlash]

As noted by another poster earlier (sorry, I forget who posted it) Dennis has again confirmed that their Phase 1 construction is indeed complete and they are working on Phase 2.

Initial feedback on the need for a formal NR is that it was not seen as something that warranted a NR.  I have replied to that already indicating that an expectation has been set with investors that a news worthy event was to occur at the end of 2018 by way of the information provided on the homepage. 

I have asked Dennis to disucss the topic within the IR team and / or with Jay to determine what can be done for a NR (again, in light of the expectation being set with investors...).

In all fairness it is likely a bit late in the day for Dennis to have any chance to really discuss this within HIP and get back to me so we will likely have to patiently wait again.  I am REALLY hoping this gets addressed fairly soon and a simple NR can be issued no later than pre-trade Monday.

[silkroad007]

Like your posts but have to disagree with the statement that there is an expectation of news at the end of 2018.  I dont think this is the case other than on Stockhouse.  Same as when people were speculating about Q4 results and somone threw out a number/date of end of Feb based on some back of the napkin calc from other quarters.  Not realizing this one is year end and more

[quinlash]

Ok fair enough and point taken.  For the sake of clarity then.. I HAVE an expectation that NewStrike owes investors a NR due to their statements on the homepage that a construction milestone was to be achieved by end of 2018.  Maybe I am on my own with that.

[EagerBeaver1972]

I 100% agree

[Fourhorse]

You are not alone on that

[DollaBilla]

Quin...give it a rest already! Give people time to get their tax refunds this month...so they can either get in at those abnormally low prices...or so they can get one more decent chance to lower their average share price. THEN go after Dennis in IR about these issues...but by that time you won't have to because Q4 will be out by March. Until then...everyone just needs to chill. Quin...do NOT

[Harveyspec1]

Not sure with that kind of news will give us the boost you are looking for. The HYPE is over! its now a numbers and results game. The next quarterly release will help the stock price 

[greendayyyy]

Dennis has mentioned that phase one will be completed by the end of 2018. I am a construction contractor and in this field it is very difficult to give a specific date. This is not a new house that we are talking about but a commercial building. One or two months or even three late is ok for me and in addition we are in the winter season.  

[EagerBeaver1972]

Production capacity in a product starved market is not hype. It is actual revenue