Zenabis Global Inc. T.ZENA

For New Investors (consider holding for 48 hours)

[quinlash]

Depending on your broker and how quickly they update your account to show HEXO shares I would highly recommend you defer placing any sell orders until your accounts are fully updated with your new sharecounts, new HEXO prices and averages.  Many times new investors get confused on conversion ratios etc and make errors in trading that cause them to sell early.

Your shares will be multiplied by .01772 to give you your new share count

Your new average cost per share will be your current cost per share divided by .01772

you should be doing the math tonight to ensure you know what you should be seeing in your account tomorrow.  If you do not see the numbers you calculate then your account is not fully updated and you will need to wait before considering a trade. 

Any trade prior to the account being fully updated will still be processed at the conversion ratio so you are not going to sneak anything past your broker... as much as that would be amusing at times... it never works ;)

All the best, enjoy your evening and Welcome to HEXO !

GLTA
 

Q

[Nuongalex]

@Quinlash.. Thia conversion has me a little confused. So for example in my case: I have 139000 shares of Zenabis At today's closing HEXO is $8.65 CDN So in my case what would calculation be?

[quinlash]

You would end up with 139,000 Zenabis Shares x .01772 Conversion Ratio to give you 2,463 HEXO shares, each worth $8.65 If we wanted to calculate your new average you would take your current Zenabis average and divide that by .01772 (let's use .13 as an example)  that would translate over to .13 / .01772 = $7.33 HEXO average. If your account does not show those numbers (again, calculate

[Nuongalex]

@Quinlash   Understood. Thank you for explaining, much appreciated! I just checked my online brokerage- says "D-listed" and unavailable to trade at the moment