RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:REDECAN Touran77 wrote: VeritasVern wrote: Touran77 wrote: VeritasVern wrote: Touran77 wrote: Rotaluceps wrote: Touran77 wrote: VeritasVern wrote: Touran77 wrote: VeritasVern wrote: Select55 wrote: OUCH hows the butt this AM redecan LOL
Select55 wrote: Redecan is now down $360,000,000 LOL I bet there just tickled pink that SSL fuked them over and had no idea how bad it was going to be
With $400 million in cash Redecan owners could buy out 30% of Hexo shares, take controling interest and still have $250 million in their pocket. I bet the first thing they do is fire SlySL. That's your only hope.
Another time where you show everyone you don't understand a thing about the market :p.
With 400M in buying, do you think the SP would be at this level? Nope, that would create buying pressure and would raise the SP a lot. Therefore the number of shares they will be able to buy will be a lot lower than that.
You are making it so easy to make you look like a dumb dumb Verny :p.
Tonto
Yonto you are the dumb, dumb one clearly.. All they need is controling interest.... Controling interest would likely be in the 30-35% range. So they already own 69 million shares and all they would need to do is buy another 30 milion or less and at $2.5 that is only $75 million.
Perhaps that would add some support but then again the pending financial quarterly report will offset that. Redecan got screwed by getting 69 million shares at $7.53, dont you think they want the goof-ball gone?
At least the Redecan owners know how to run a company without relying constantly on cash infusions though dilution. No stop losses yikes, good luck
irsBuying 30M of shares would increase the SP a lot with the buying pressure so a lot more than 75M dollars. Is there 30M shares on the ask side right now at this SP?
Not super smart eh. Without buying more, Redecan can remove SSL from seat. Ft because they can talk with other big owners. Second, because when you look at the % of people who votes, you don't need that much votes.
They will kick him out if they don't like what he is doing, however I think they will keep him as they clearly like his vision since they chose him to partner with.
If they don't and think they'll do better, well this is just good news for investors right if the Redecan people do better right? :P
Tonto
I don't want to be insulting but listen dummy, Hexo bought Redecan. What is above makes no sense. this bla bla bla. then he invents a scenario wherehe can't lose, in a scenario the will never happen. .
Redecan will belong to Hexo you idiot!
Rotal, read what Verny was saying. He was talking of a scenario where Redecan would buy 30M shares more. You clearly don't understand it but buying 30M shares out of 270M would create a huge buying pressure resulting in a lot more than 75M$ to buy.
Please learn a little bit about market before posting on boards, many of us read the boards and learned before posting none sense. Thanks in advance.
Tonto
Clearly they would buy it over a period of time so as to not inflate the price much, that is if they were interested in controling a POS bankrupt stock. Kinda like Hexo doing the ATM financing and Base Prospectus. That wasn't putting downward pressure on the stock according those on here in fact you were buying shares and averaging down at that time, bunch of hypocrites.
Correct that perhaps in future Redecan wont need to do a share purchase to take control because they are likely one of the largest owners and frankly the clown show SlySL has less that 4000 shares. LOL, LOL How pathetic is that. A CEO with hardly any shares of a company he runs. Clearly as an investor you know that is a big red flag.
Over a long period is same strategy as shorters. They take shares from discouraged long term investors. How more low you think it'll go, look at the market cap...
Anyway, this one is anyone's guess so not much more to talk about.
For SSL How is that a redflag Verny?
Explain that to me.
You say SSL is bad news.
Let's assume it is true.
You say Redecan might take control and kick SSL out.
That would be a good news since you think SSL is bad news.
Looking forward for that explanation as it doesn't add up :).
Tonto
Really Tonto, you know the ABC of investing. One of them is - check to see if management owns shares, how many, if they have been buying or selling. Well your hero Sly sold all his shares near the top after he projected $400 million in revenue (was rightfully sued) and has not bought back in since, even at current prices and market cap??? At any rate Sly is a very very rich man now. How about you swinging retailers now turned bag-holders? If that is not a RED FLAG then not sure what would be
Verny, I wasn't there at the time and to be honest, selling with a 250 ps ratio was certainly not a bad idea.
Suits was dropped about the 400M so I'd put my trust in the judge versus you saying :p.
You still didn't explaon to me how it would be bad that Redecan kick SSL out if you think SSL is bad news.
thx
Umm sure lol buy more Hexo stock. Sly is done a great job and he is a hero to all long-strong, baggie-holders.