RE:RE:Longs that are Holding... see much better days aheadSkater wrote: Biggest risk at these prices is that Hexo gets taken out by a competitor. Sure you'll get a premium on the current price, but even 20% or 30% premium won't get many back to breakeven. Happened to me when Hexo took out Hip. You'll be left holding shares of another company, so the expected returns you project for Hexo will be watered down in a larger entity and you won't get the per share lift. And don't say SS wouldn't let it happen. Others have, he would too. And no, I'm not shorting, hard to see a scenario where the shares go lower. but I think your upside is going to be capped. Anyways good luck.
Premium? stop dreaming, Since the revenues are hard to come by, don't expect a takeover, even less a premium, the companies are too broken and not profitable. Tilray would like to buy a US MSO since the Canadian market is dead money.