Newstrike Brands Ltd NWKRF

Lock up increased to 38%

[Bigbaboon]

Done deal.

[londonsate]

so  ?   it needs 60% , still 22% to go,  SAY   NOOOOOOOOOOOOOOOOOO to cheap deal . 

[mozzarella]

This post has been removed in accordance with Community Policy

[flyboy27]

[mystique1]

YES VOTE running away with minimum 38% already registered. Smart voters registering early. like you say.....DONE DEAL!

[quinlash]

WTH Mystique, I thought you were a NO vote there?  ;)    No Christmas Card for you this year ;0 lol

[Walleye]

Where would one register.  I have not recieved anything yet. No peperwork, messages, nothing.  

[quinlash]

Last I checked with HIP IR they indicated that the voting packages will be sent out in May.  Dennis (the HIP IR guy) is pretty good at getting back to folks quickly so you could just drop him an email to get the latest details. You can contact Investor Relations from the link provided on the NewStrike Brands webpage.

[Greenshooes]

is it true they need 60% yes vote to have a deal

[quinlash]

66 2/3 for approval

[silkroad007]

and dont forget thats 66.66% of the votes cast not the float.  With 38% of the float locked in a yes vote you will need 13% of the float to vote NO just to offset the guaranteed yes, plus 1/3  of the remaining votes cast.  With 38% + 13% = 51% float required just to get back to a baseline vote, you will never get 51% of shares voting so its pretty much a done deal . 

[londonsate]

your math is confusing me,  66% is mandatory, and they claimed 38% yes,  so they need another 28% yes. There are 52 % left after 38% , if more than half of 52% say NO, then no deal, so why r  you so sure it is done deal ?     

[londonsate]

[silkroad007]

They need 66% of the votes cast.  They have 38% of the total float meaning they technically have 100% of the votes cast so far.  You are confusing or not thinking about what "votes cast" means. If they have 3.8 votes locked up as "yes" out of a max possible 10 and nobody else casts a vote, tell me what % of the votes cast do they have.... 100%.   Re read

[londonsate]

ok. You assume 6.2 not vote.  I don't think so. 

[silkroad007]

Lets try this again... 38% votes locked up, another 13% all "NO" votes to bring the ratio down to 66.6%.  That in iteslf is over 51% of total float voting and if you think there will be much more you are mistaken.  We dont even get over 50% for a federal election let alone a stock merger.  Clearly this is over your head, carry on bud

[londonsate]

Thank you for the explanation, I understande right now 38% is YES,  to get 66.6% they need 1-13/38 result. Let's hope there are more than 51% particpating.

[Paul1958]

Maybe HEXO will buy the remaining 30 percent on the open market. its only 160 Million shares  at 60  for 96M shares only 10 M shares of HEXO

[mozzarella]

This post has been removed in accordance with Community Policy

[quinlash]

Pretty sure they are doing just that and have been doing so for apx 2 weeks now, likely longer. For the HEXO CEO to come out and say they have locked up more votes he would have to know how some of the larger, non-insider shareholders, are leaning on the vote. If you watch the trading through TMX long enough you will see who is assumulating small blocks of shares day in and day out.  IMO the

[mystique1]

quin.........I support YES VOTE.   The PREMIUM, although small based on Hip price will be greatly increased by HEXO SHARE PRICE GAIN.

[quinlash]

Fair enough. At the end of the day i think its important that we all vote, regardless. GL M.