RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:downside Worked out okay for HEXO so far.
5 for 1 at a buck put them at $5 ish after the consolidation.
It's now trading over $8.
Done right and for the right reasons stock consolidation or reverse split as it's commonly referred to, can be a useful tool.
note for clarity:
when I say stock consolidation I'm not talking about price consolidation.
'Reverse split' is a shoddy phrase that smacks of destruction and immediately imposes a negative connotation.
In actuality what it means is the opposite of 'split.' I means: To join, To marry, To blend, To merge, etc.
I'd love to see this climb to a buck then RS and hit the TSX and NYSE simultaneously at $5.
That would be very exciting! Don't you think?
Looking forward to tomorrow. Hope IB has something good to say about Auxly.
cheers