Replies to post #637 on Newstrike Brands Ltd (fka HIP)

[FooBarAndGrill]

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?