RE:RE:RE:HIP Better HEXO Entry Point This Morning (HEXO = $7.84)quinlash wrote: $7.84 x .06322 = .50 .... so buying HIP at .50 before the merger, then when (if) the merger goes through your cost on the HEXO shares you get would equal $7.84
You used $7.84, OK.
No, you would own shares of Hexo at $7.84 (if it was the price of the deal) x .063
32 which would be about the same amount as the HIP price at .50c. This is a strategic alliance and good for both. There is a lot more potential being with Hexo than with HIP alone, and the CEO of HIP agrees. Hexo does not give 1 share but .06332. So, at the price used here, for each of your 15.68 shares of HIP, you would own 1 Hexo share. This is why the price of HIP is stationary for now. If HIP ever goes down, then I will be buying. I have a little reserve I do not use for stock but I would.
On another point as seen in the video, they were in talk since November.