RE:RE:RE:RE:RE:Did Hexo loan $ 19M to Zenabis Touran77 - (4/3/2021 12:22:53 PM)
RE:RE:RE:RE:Did Hexo loan $ 19M to Zenabis mydogchach wrote:Touran77 - (4/3/2021 10:42:58 AM)
RE:RE:Did Hexo loan $ 19M to Zenabis
StoneMan45 wrote:mydogchach you're 'special' so lets just dumb it down a bit for you. Hexo wants Zenabis . Hexo give Zenabis shareholders Hexo shares to take over Zenabis. If Hexo owns Zenabis then Hexo owns the debt for Zenabis as well so $20 million loaned now is $20 million of debt that won't be owed later. Not like because Hexo 'loans' money currently while later owning Zenabis , there is somehow new debt created. They are offering on the whole company not just the pretty parts ...you must have a beautiful world you live in, little gummy tress and all.
We tried hard to simplify it for him on the Hexo board,
unfortunately he just doesn't get it.
Thanks for trying though.
What I said was that Hexo is by lending $20 million to Zena - Hexo is paying $20 million over and above the $235 million.
Dumb and even dumber think the $20 million pays down the $235 million - so what's the difference? And that would be truw -e xcept that the $20 million doesn't pay down the $235 million.
The $20 million pays for new costs not reflected in the $235 million - such as the Interest Expense of $10 million alone that Zena will incur from Jan to takeover date in May(?). Hexo is paying the day to day bills from Jan to May - because Zena has no money to do it. It changes nothing with what was already owed.
They say Hexo is willing to do this because in the end it will 'be for the good of Hexo' - which is a stupid thing to say to begin with. Sundial might agree it's a good thing that Hexo gave them $7 million, not sure Hexo shareholders would agree.
Additonally, Zena 2021 Q1 sales will be even lower than Q4
Do you understand Stonedman? It was $235 at Dec 31 - Zena burns through $10 million at month in new expenses from Jan to May, the 420 million goes toward keeping Zena from declaring bankruptcy.
Yeah - you guys keep it simple alright
phkn muppets
You see completely clueless. :)
I agree - you are are completely phkn clueless.
But what is your point anyway? If you say that Hexo is paying because they think Zena is worth it - and they'll get the benefit down the road, so be it.
Maybe Hexo will give Sundial another $10 million if they Zena is worth doing that, so what?
What you pumptards are doing though is ignoring the reality that Hexo is paying more - which is all that I'm saying.
So go ahead and spend another day posting about nothing - this is a stupid argument and I'm done with it.
Stupid.....phkn.....muppets