RE:RE:RE:RE:RE:RE:HEXO @ $9.60 = ZENA @ .17Got something to back that up with ? From what I can see ZENA hasn't been trading nearly this well for the last year. Anyone with an average over .30 can double down and make a substantial difference to their averages right now. Moving the average down shortens the time needed for that new average to hit at which point they could sell enough shares to simply pull out the cash they used to average down.
It really boils down to how long someone is willing to be on a stock and how well they believe the company will do going forward. In the case of ZENA/HEXO I (personally) see it as a big win for the two companies going forward.
Again, what do you have to back up your statement ?
Q
truthseeker1 wrote: The zena /Hexo merge is bad bad news for anyone that paid over 30 cents ;;
quinlash wrote: The magic comes in the percentages. Once the shares move over to HEXO the discount I bought at against HEXO turns into an increase in value of those shares. Even if the voting takes awhile I decide to move the money out of ZENA an increase from .13 +/- to .16 +/- is apx 20% that's not a bad return on a short-term trade IMHO
Jimmy713 wrote: I for one think the counted premium is good when the deal go thru ... I trust it will with no doubt!
Cheers Morningcoffee wrote: Not sure why you guys keep counting the premium. The premium is only good if the deal goes thru.