RE:RE:RE:RE:Tend is still lower, $4 by weeks end?The 2 year hold works in Hexo's favour as it would technically lock up those shares from being sold regardless of the market price. Let just hypothetically say that the stock would go from $4.25 today to $9.00 a year from now but then back to $6 in two years, Redecan would not be able to sell at the high point. This clause could be the "deal breaker" especially if this sp closes below $4 in the next two weeks.
Select55 wrote: we shall see thats what I think will happen or the deal will fall through its certainly far from a done deal and they have a break clause etc the only thing is the 525Million in shares has a 2 year hold so maybe they think it will rebound ;; guess we know by months end after the vote etc
VeritasVern wrote: Yes behind the scence it is almost certain that Redecan would want the terms renegotiated. Who would accept a decline of $226 million less than the implied settlement??
Select55 wrote: Redecan owners must be $hiting their pants about now as there down
TWO HUNDRED and TWENTY SIX MILLION DOLLARS @^
VeritasVern wrote: Given we are only about 30 ish shares from $4, if the downtrend continues we could easily be at that level?