RE:RE:RE:RE:Public Offering Again??quinlash wrote: The NR clearly states that this is a revision to the original Base Shelf, not in addition. We all knew that they were going to raise capital in order to fund the Redecan Deal. The CEO notes in the Cannacord Conference that (combined with Redecan) HEXO would have reported 153 million in sales on last report. Once Redecan is signed off, HEXO will be pulling in those numbers.
The shares needed to close the deal are nothing in comparison to what HEXO is getting for those shares. This becomes easier to see when you are keeping up on your price to sales ratio calculations.
"Q"...You are absolutely correct in your statement, it was expected, so why have you and others continued to push the " average down" trading strategy knowing that this raise was imminent and that the reality of more dilution would cause further decline?? What you do for yourself and your " trading group" is fine, but I have a problem with the influence you and J713 and other "longs" have on newbies. Currently, after hrs is a bloodbath. You should post the link in capitals so these same investors can watch their $$$ evaporate. Seemingly, the margin players you continue to disparage are the only ones making bank. Cheers S7