RE:RE:Interesting Older Analysis on Redecan BuyVeritasVern wrote: Imagine if you are the Redecan owners and Hexo wants to give you $525 million in shares at $7.53 while they just gave US institutional investors hexo shares totaling $140 million at about $3.75 Cdn and also a half warrant as well. You would be right pissed off on that idea as just the $3.75 is at half the rate that Redcan gets (double the shares) plus it dilutes the Redecan share count. This alone increases the risk that Redecan backs out of this deal and if they do we will be certain to hit a new 52 week low. That would be lower than the $2.95 set last Friday.
I understand what you mean but the $400 millions is quite interesting.