Post by
nomnom on Mar 18, 2019 10:15am
For those of you
Who don’t understand trading. The ratio is set in stone. Whatever Hexo’s sp will be, HIP’s sp will be traded accordingly with a few pennies behind its converted sp to hexo’s. How you can make money? Well, you buy hip shares then wait for the merger to happen , then there is your 5-7% gain just on dummies who are selling below hip’s converted ratio
Comment by
deet on Mar 18, 2019 10:24am
True enough. Problem is....nobody knows which direction HEXO is heading over the next month or so. You can make money....but as in all trading....you can also lose if HEXO drops. Unless another offer comes along, we trade lock step with HEXO.
Comment by
Jack4000 on Mar 18, 2019 10:28am
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Comment by
EagerBeaver1972 on Mar 18, 2019 10:41am
Agree. Best case scenario
Comment by
nomnom on Mar 18, 2019 10:28am
I think the only way hexo is heading is up. They are undervalued compare to cronos, canopy and aphria
Comment by
cheapbuffet on Mar 18, 2019 11:05am
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Comment by
Bigbaboon on Mar 18, 2019 11:14am
Already locked. Discrepancy stems from the fact that hip share is traded in pennies.
Comment by
deet on Mar 18, 2019 11:26am
It's happening right now. We're not talking about a penny here and there. Who cares about one or two cents either way? It goes without saying that we'd be down right now if HEXO were down this morning. Let's hope HEXO keeps inching its way up because the market now considers us one and the same company...especially since Jay was so elated about this offer.