RE:RE:RE:hexo very good results looking at conversionStoneMan45 - (3/18/2021 7:31:41 AM)
RE:RE:hexo very good results looking at conversion
Zena was already EBITDA positive and should be yet more so on the March 31st release all they needed was to change management. The old management really made a mess of the stock price with the instant and massive engineered drop. This was the 'inside' 15 cent capital raise effort that was sold as effectively non-dilutive to then be used by management to be extremely dilutive. Very happy for Zena's new CEO and now happy enough for the Hexo purchase deal. Still would be nicer if this was at .025 and March 31st Zena will show why this should be. Regardless, the Hexo deal is better than where Zena was 1 year ago so I'm somewhat okay with it.
Why Regardless of the fact that psotive ebitda is a quetionable emasure - used by companies with NET LOSSES, there's not much point in discussing Zena's when they've sold.
As for a change in management - that happened after year end and Hexo has not officially taken over day to day control. The change will have no impact on the Dec 31 numbers.
The Q4 loss will be at least $25 million, with a year to date loss of over $60 million.Those are the numbers Hexo investors should be worried about, not 'positive ebitda".