RE:RE:RE:RE:RE:RE:RE:Lock up increased to 38%Pretty sure they are doing just that and have been doing so for apx 2 weeks now, likely longer. For the HEXO CEO to come out and say they have locked up more votes he would have to know how some of the larger, non-insider shareholders, are leaning on the vote.
If you watch the trading through TMX long enough you will see who is assumulating small blocks of shares day in and day out. IMO the retail investors who are selling now are passing their shares over to these larger / pro-merger shareholders.
Sadly, most HIP shareholders are currently content to sell at a discount on the coversion rate so these big players are picking up shares that will later convert over to HEXO with an automatic gain in value.
These games bug the life out of me, especially when you know the little guy is handing easy money over to guys who likely don't need it as bad. I am pretty convinced this is really playing out and that these guys will end up getting their way and voting the merger through so I don't see any option for myself but to hold until the vote goes through then revisit the SP etc to see if it makes sense to sell then.
Anyhow.. I feel a really bad ramble forming here so I better walk away for a minute..
JMHO
GLTA
Paul1958 wrote: Maybe HEXO will buy the remaining 30 percent on the open market.
its only 160 Million shares at 60 for 96M shares only 10 M shares of HEXO