RE:RE:RE:RE:HeXO is trading at .37 cents on the NASDAQ at this time.Touran77 wrote:
burnout29 wrote: Touran do you think Hexo has to do a stock split
Hey Burn,
I think Hexo will do a Reverse Split unless a deal with Tilray to merge or get acquired comes first.
I have a different thinking about RS than lots of bashers on the board though.
Basically what I've seen in my experience is when companies have lots of time before doing a RS, the news is built in SP before it happens.
People will tell you no and check what happened with ACB, but ACB announced it and did it in like a month, not much time to build in SP.
Hexo received their notice months ago and can ask for a 6 months extension. The RS in my opinion will be built in at that point. But that is just my opinion :).
Now, Months ago I've said Hexo would not act on it right away, guess I was right. Just been 3 months that Keeler says every Friday that it is going to happen.
The reason why I say they would not act on it right away is because why not wait and see if there is a reversal in the sector? Why not wait and see how SP500 is doing? Why not wait and see if inflation gets worst or better? Why not wait and see if the war in Ukraine is over?
The more they wait, the better decision they will make for the ratio. Shareholders approved BETWEEN 2 and 14 for 1 at the last agm.
Hope that helps.
Touran
I would agree they hold off on the reverse split for now... They instead have devoted all attention on the disasterous ATM dilution which will likely continue for quite some time while driving this stock lower. Quite sad they can't devote proper time to run a company besides trying to keep their heads above water with ATM financing. Tomorrow is Fryday [img]frying pan[/img], highly likely the sp hits a new All-time-low probably in the low 40s.