RE:HEXO BEING HONEST ABOUT DILUTION - WOW!In fairness, most understand what a Shelf Prospectus is - except probably for TourQueen.
But they will tell you what it is tomorrow after they research it (which they'll only get half right), because after all they knew all along
the Prospectus is a common and required filing on POSSIBLE future offerings - it might be one shot of $1biilion or 10 shots of $100 million over two years - or it might not be anything if they feel the funds aren't required.
It's simply a legal sort of 'heads up' document.
In reality though - this is a sleazy management who no doubt have plans and dates already in mind - and they'll definitely have to do something for cash if they end up going to the USA - like SSL says they will and the drunk CFO says they won't.
WHEN they do the offerings though - and they will big time - there will be share dilution - and it's going to hurt everyone, except SSL - who gets paid $11 million a year plus 5% commission on gross sales regardless of the bottom line or competent decisions.
If you still feel Zena was an example of a competent decision - you're going to get what you deserve.
Quietinvestor - (4/15/2021 7:20:19 PM)
HEXO BEING HONEST ABOUT DILUTION - WOW! Dilution The Company may sell additional Common Shares or other Securities that are convertible or exchangeable into Common Shares in subsequent offerings or may issue additional Common Shares or other Securities to finance future acquisitions. The Company cannot predict the size or nature of future sales or issuances of securities or the effect, if any, that such future sales and issuances will have on the market price of the Common Shares. Sales or issuances of substantial numbers of Common Shares or other Securities that are convertible or exchangeable into Common Shares, or the perception that such sales or issuances could occur, may adversely affect prevailing market prices of the Common Shares. With any additional sale or issuance of Common Shares or other Securities that are convertible or exchangeable into Common Shares, investors will suffer dilution to their voting power and economic interest in the Company. Furthermore, to the extent holders of the Company’s stock options or other convertible securities convert or exercise their securities and sell the Common Shares they receive, the trading price of the Common Shares on the TSX and the NYSE may decrease due to the additional amount of Common Shares available in the market.