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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