RE:RE:RE:RE:RE:RE:RE:Labs vs HexoI respectfully disagree....I've said it many times, but this Hexo thing is noise....being amplified by some, but it is still noise.
Shorts are high because people (maybe even rightfully so) think that LABS doesn't have a short-medium term turnaround plan/future. They don't see how a smallfry(ish) Barrie based outfit can grow and get to the big time and thus believe it'll go to zero or get gobbled up for pennies on the dollar.
All are legitimate concerns really, but they've done a pretty decent job at getting into various jurisdictions, signing partnerships and moving ahead; so they've been beat down pretty hard.
It also doesn't help that the same ole market shenanigans that are being brought front and centre by the reddit crowd also happen here in the Great White North, with similar impunity. So finance houses play both sides and we as the individual investors get caught up in the tide.
I'm still a believer in LABS and think that this year will be the year of reckoning for good or bad. I think once they get some wind under the international wings, things will stabilize and go up in a fairly big way. If that does happen, LABS doesn;t exist in it;s current form in 36 months. IMO
allibabba wrote: In other words, if they lose it will be a 9 million dollar write down. And that's what the shorts are betting on at this point.