RE:I'm outJust to let you know that I've placed my money into Lithium companies. So far if I would convert them to Hexo shares - which I don't intend to - I would get double the number of shares. I hope by the EOY I will have recuperated all of my money. Lithium is the new oil.
GLTA.
Zaybure wrote: (12/3/2021 10:56:12 AM)
Initially, I came from Zena. At conversion time, my average cost was $11CAD. With trades, I was able to reduce that to S4.88 without investing any new dollars. However, I've sold out and have reinvested somewhere else. Two reasons: the shares count stands at 311M, but when you include debentures, notes, etc, the share count is at 500M. Secondly, the debt is at $700M. To survive, Hexo would have to increase substantially its revenue, cutt drastically its expense, and this against a market that is super staturated. About the only salvation is more and more dilution, and therefore more SP decline. Waiting for US legalization is hoping for a Hail Mary. So I resolved to take my losses and invested somewhere else. Perhaps Hexo will see better days, but not now, and not in the near future. Anyway, GLTA.