RE:RE:RE:RE:RE:For what it's worthTouran77 wrote:
VeritasVern wrote: Thanks for the simple banana example, but we are talking Hexo here and you have stated that the aquasition of Zenabis was a poor decision and the financials were still showing loses, with still more to come and you still buy this POS?? Right moving average, good luck with those bananas and what you may find is that is they don't sell they will eventually rot (writedowns).
Careful Dog, vern was saying at 3.20 cad that it was going down to 2.00 cad.
Vern also shorted at 4.80 and 5.60 cad. I like to make money, so I wouldnt listen to him.
Thanks Touran, not exactly correct as I stay away from POS stocks due to risk, while you are at it why not call out Queerlash as he has been promoting this stock and HIP before that as going parabolic and low-and-behold he was down about 95% at one time and is still likely down 60% on his initial investment. Prob because you weren't around that long but that would be the facts.
Let's back up a year from now and you and most longs were telling us that this stock would be $40-50 range.Ya I know excuse after excuse, while blind to the fact the company still can't get anywhere near EBITDA adjusted. The only reason for the recent rise, (as clearly margins are not doing it, and we have a big surplus of production) - has MOSTLY to do with bullishness in stocks in general and hype over US legalisation. As Dog has corectly pointed out the US legalization potential is muted. Hexo instead of aligning them with the US side has instead chosen Zen which adds little in terms of profitability.