Lifeist Wellness Inc (NXTTF)

[PotterBanker]

turn off ihub.... bwahahahahahahahaha you know you can't.

I vacuumed up a few 1.64's yesterday. Not a large position.

Have not been following the N saga as closely as I had been. Maybe folks here can help me get caught up.

Yesterday the company put out an update on the bought deal that modified the warrants clause so they can buy more of them and at C$3.15 instead of C$3.50. And, unless they are expired early they now have up to 5 years to buy them instead of 4.

The common shares part of the deal remains at C$3.00 per share.

Closing price yesterday was C$2.22

How manbun gets these deals closed at such a premium is rather amazing to me.

Nobody should be complaining when they can buy open market shares at a serious discount to the current bought deal. It's almost always the other way around with the bought deal investors in at a discount to the retail market. Go Manbun!

PR says they expect the deal to close on or about next Thurs 10/25. I'm assuming they are still muzzled until it closes?
https://globenewswire.com/news-release/2018/10/19/1624227/0/en/Namaste-Announces-Filing-of-Final-Prospectus-and-Enters-Into-Amended-and-Restated-Underwriting-Agreement.html

moving on to the ambulance chasers;

I would like to see the company's lawyers go after the ambulance chasers as long as it doesn't distract too much from the main message. Those won't just go away on their own. They will need their asses kicked monetarily before they go away imo.

Reading this morningI see yet another PR is out yesterday from yet another fecal shyster. There seems to be no shortage of fecal shysters.

https://globenewswire.com/news-release/2018/10/19/1624317/0/en/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-of-Namaste-Technologies-Inc-NXTTF.html

It has a link built right in to "join the class action".

What amazes me about it is the "damages" are that the stock fell 10% in two days. And that it was the citron "report" illuminating wrongdoing that was the reason.

Does that mean they will now launch a class action lawsuit against every stock in the sector for falling more that 10% Tues and Wed as the sector bubble has been deflated some?

Some of them have taken a 30% haircut.

Those fecal shysters are going to have to prove first of all there was in fact wrongdoing.

Secondly, and this seems to me to be the impossible one, they would have to prove that it was the reports illumination of wrongdoing that caused the stock price to fall, and not anything else like "normal" market fluctuations.

With these stocks as volatile as they are, is it possible to attribute a 10% drop in two days to anything other than normal market fluctuation? The whole sector, hundreds of stocks, just did more than that this week. First up huge. Then down huge. Every stock in the sector, almost, seeing a greater than 10% loss in two days.

With that as the "norm", wtf is 10%? That's nothing.

This is going nowhere imo. The only reason I posted this was to highlight just how ridiculous this must appear to the average onlooker.

It's no different than a 3rd party promo to boost the stock. Why doesn't OTC and the other exchanges flag a negative promo the way they do a positive promo???

you know, with the bullhorn logo?

The shysters will get no market sympathy on this and if they aren't careful they could be facing a counter suit brought by a group of money much larger than namaste.

A money group that is tired of organizations like citron trying to do market manipulation of their companies' stocks. And fed up with citron damaging their stockholders with well orchestrated short selling attacks initiated and propped up by these smear campaign publications and websites.

A group like this perhaps?

Oh that would be sweet.

Sit back. Relax.
Get yourself some good adult beverages and substances and snuggle up around the fire to stay warm.