RE:Share dilution...Market sets the price. Right now the market is paying $.75 in after hours trading. It may be that investors now see that the company has the funding needed to carry itself through to being cash flow positive or maybe they had access to a level 2 report today showed bid support of over 1.4 million shares at .70 going into the close of trading with another 2 mil + shares bid down to .64. Maybe we will see lower prices, maybe it will bounce around these levels for a bit before starting a recovery, time will tell Count on one thing for tomorrow. The price will vary and volume will be high GLTA Q
stocktradinguru wrote: Cash burn...
lack of cash flow
poor earnings next quarter
likely delisting
Hexo is facing desperate times---that's why they issued another public offering...to raise capital---to survive
Stock will be trading under .50 cents in near future...
I predict that Hexo will not survive..It will drop to .25 cents by end of summer...
Sell your shares!!! Don't become like the shareholders who own TRST.