Reply to Duster340Duster340 wrote:
"What was Tilray thinking when purchasing hexo debt @40 cents i beleive it was, the could have waited for bankruptcy and picked through the bones for fractions on the penny."
That "suspect" move by Tilray back then wasn't JUST out of the blue from nowhere. There were some real calculated motives WHY that was done and WHY Tilray didn't just wait for Hexo to go under. If you know the whole backstory of Tilray's current Ceo and his roots, along with phliosophy, you'll undestand WHY Tilray "saved" Hexo from imminent BK by picking up that toxic debt.
Btw, i "STILL" wouldn't rule out a buyout from Tilray at some point next year. My guess that's probably one of the clauses of the "handshake" deal Tilray has with Hex mgmt for taking over that messy debt that Hexo couldn't service. much longer.
But damn what a stink bomba Hex dropped on s/h today right before the holidays. Shareholders really took it up deep in the wazoo .....Cornholio style
GLTA