RE:So now day traders are responsible for this Hexo debacle?you are correct 9$ was when we had 100 million shares now we have 300 million and we are at $3 (using rounded off rough figures) REDECAN have to be complete Morons to have gone through with the deal there down 350 million or so on paper;;;;
trader53 wrote: What a joke this is just more proof that far too many have rose colored glasses on when it comes to Hexo. This reminds me of the Murray Pezim days only much more sophisticated. Visible Gold in the core often disappoints when the assays are done and I see Hexo in the same light. Hexo has diluted the hell out of all holders and chances are further dilution is in the works. The mantra started at $8.00 that this would be the last time Hexo traded under $10.00 then it went to $6.00 followed by $4.00 and now $2.60. Whats next? Obviously no one has the answer but only a fool does not understand that Dilution puts a ceiling on stock prices in the short to medium term.