RE:RE:My Token Pump for ZENA... price targetsB-I-N-G-O...
If you are thinking the deal will go through regardless of how many retail investors may vote against it (highly likely IMHO due to the BODs being in favor). Your best bet is to determine a target price for HEXO then consider what your ZENA shares will be worth once they convert to HEXO.
I have yet to see a date on the vote so the timeline is still up in the air. If I were holding myself (and in the red) I would certainly wait at least long enough to get the date confirmed and consider things again from there.
If I was a short-seller that took up a position... I wouldn't be happy... might even be down right rude on chat forums... (think about that)
All the best,
Q
Here's a quick story that explains short-selling and what can happen when it goes wrong. https://www.marketwatch.com/story/help-my-short-position-got-crushed-and-now-i-owe-e-trade-10644556-2015-11-19
Jimmy713 wrote: Easier way: "Number of zena shares you own" multiply by "
.01772" = "Number of Hexo shares you will get"
If you have got 100,000 zena --> will get 1772 Hexo shares.
All other aspects are business as usual ... Cheers
quinlash wrote: If I am going to be called a pumper it's just as well to pump hey ... ?? :)
Considering the CEO's of both HEXO and ZENA value the deal at 233 Million we can take the outstanding sharecount at the time the deal was accounced and divide the value of the deal by that sharecount... that is 800 million shares divided by 233 Million which will give us .29 Cents Canadian.
If we want to be less optimtic we can take apx 1 Billion Zena shares and consider the 233 Million again.. that gives us .23 CDN per share.
If we take CIBC fair market value of HEXO of $14.50 and apply the conversion factor of ZENA to HEXO we get $14.50 x .01772 we get .26 per share Canadian.
If we look at any of the above numbers we see... very clearly.. that today's pricing, as well as yesterday's pricing were well below the value which both ZENA and HEXO valued the deal.
Now.. here's reality folks... the market sets the price, not HEXO, not ZENA, so no matter what you think a stock is worth at any one moment ... THE PRICE IS SET BY THE MARKET... and guess what... YOUR STOCK HAS SHORT-SELLERS ON IT !!!!!!
The shareprice is (IMHO) more likely to adjust to HEXO pricing once a date is communicated as to when the merger vote will take place and / or when it gets approved.
Once again.. to be clear, I personally do not hold ZENA shares at this time, some of my friends and family have started positions and a number of HEXO Longs also took up positions in the stock.
GL to all ZENA longs
Q