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03/13/2019 a "deal" was announced between Newstrike Brands

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FooBarAndGrill Member Level  Thursday, 05/02/19 06:05:07 PM
Re: FooBarAndGrill post# 637
Post # of 651 
03/13/2019 a "deal" was announced between Newstrike Brands and HEXO Corp. Existing shareholders of $HIP will exchange 1 share for 0.06332 shares of $HEXO. Closing prices on 03/13/2019: HEXO $6.00 HIP $0.50. That closing price ratio was 0.08333. So on 03/13/2019 all shareholders owning $HIP took an instant 24% haircut.
The math is 1-(0.06332/0.08333) * 100%.

Why is this not a CLASS ACTION?

Definition of datum
da·tum noun
1. a piece of information.
2. A fixed starting point.


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