dunno where the HEXO longs are . but im here .im not part of the pumper crew now am i a basher ... but what i am is long HEXO
this company has made some great adjustments to better growth and financials. every single company is blowing through cash with cost and EVERY other copany is having major writedowns based of poor choices they made with buy outs and over stock.
im not phased . stitting on 47k shares . sure i might take a hit today . but really with election up next week that could literally propel the stock back up riight there .
the 8/1 split . yah it sucks they didnt approach this better and it was poor in my opinion but i still believe on a business stand point once you do your homework youll see.
going from 480 million shares to 60 will be better and less controlled by the shorts putting pressure on SP driving it lower. the timing is right because if they hit EBITA + for next earnings it wont effect RS and SP that much at all .
they wont be raising cash anytime soon. Q1 is done pretty much. youve all seen the munbers with sales country wide and starting to examp in EU . this is in decent shape.
for anyone in the MJ sector just lmk what company is better positioned financially over all