RE:RE:RE:should have Touran77 wrote: VeritasVern wrote: vulcan123456789 wrote:
should have been guidance after report to address auditors comment.. a plan or reassurance should have been provided. very irresponsible..jmho
That was the risk that was pointed out by several of us....most thought the reward was greater than the risk. Clearly that was not the case.
You sure are Joking Verny :p.
The day before earnings, Hexo closed at 2.04.
The next morning, on day of earnings, anyone that was willing to take the risk overnight had a chance to sell at 2.13 or 4% UP. Hexo closed at 1.80 or 11.75% down.
Compare that to the upside we could have seen with excellent earnings and you'll understand.
Vulcan, if there was a definitive plan, I think they would have announced it. I'd rather have a good plan annouced later than a bad plan announce in time for earnings. Analysts all reduced their targets because of uncertainty around the Note. Once the gameplan is out, IF GOOD one, they will all update targets once again imo.
Tonto
sure Tonto, always some lame excuse, the stock is now $1.60 down 22% since then and down 8% today alone. That is a big decline in just three days trading and certainly more than your 10% decline forecast. You underestimated the risk, but the signals were there, ie SSL fired a week before the financials and a beer salesman being appointed just on an interim basis.