RE:RE:Discount Jimmy713 - (2/18/2021 10:18:34 AM)
RE:Discount Canuck30 wrote:Why is this stock continuously trading at a discount to Hexo buyout price? There's a 15% discrepancy when you take into account the 0.01772 rate. I figured this would have fixed itself by now.
Perhaps by the summer, when the deal is nearer to close and finalize.
Now we are 6 months or so away from the end line. So, you always expect a discount ... The discounts gets narrower each month ... As usual, littlejim makes sh*t up when he doesn't know the answer.
Canuck - more likely is that while most Zena shareholders are hanging on to their shares at this point, there's many that did buy at a lower price and are sitting on profit (although maybe small).
I think these many of these are choosing to just say phk it and opting to take the small profit - rather than have their money sitting idle until the merger is complete. There's every reality that Hexo can drop - so a bit of profit that frees up money to invest in GOOD stocks is better than hanging on in the hope you'll get a .03 cent premium instead of .02.
Personally, I've suggested the palce to be is in vertically integradted, multi state cannabis operators in the U.S. - focusing on California and New York. There are still some bargains avilable - besides the big guns like Curaleaf, Cresco, Trulieve etc.