RE:RE:RE:RE:RE:RE:NRTHquinlash wrote: Touran77 wrote: VeritasVern wrote: Touran77 wrote:
VeritasVern wrote: North currently has a market cap of $35 million. Hexo will pay them $50 million which is a 43% premium over the current value...what a fiasco Hexo is
Market cap is just one thing to consider as it doesn't always reflect true value. Haven't you heard of undervalued or overvalued stock?
Look at other offer like Weed/Fire where the Fire SP increased 50% on the day of the news because Weed was offering a HUGE premium.
Hexo trading at 7.40 right now times 0.02366= 0.175. Last week it was trading between 0.15 and 0.18. Huge premium right :p.
It was trading at 0.42 not a long time ago as well.
Why is 48N 10% down as we speak if huge premium? :)
Don't listen to Vern or his other alias Little doggy.
Sure but Hexo sp is down on this news on a day where most other LPs are up? What's up?
12:38 east time.
Weed-C: -0.32%
Hexo: 0%
ACB: 1.45%
TLRY: 7%
Pretty normal day except for TLRY, but when you fall 80% in 3 months, that is not abnormal to see bounces. Especially when they hit daily Oversold not a long time ago.
Does that daily oversold bounce remind you of Hexo? :P
Oh! And acquirer is more than often in the red the day of the announcement, not Hexo for now :p.
GL Twisting numbers, I'm on duty watch :p.
If you invest for a day, it matters, if you invest due to your speculation that the company is making the right moves for future success you figure out when that success will be reflected in the SP and hold for that time... then you buy a ticket, strap in, try not to poop yer pants and exercise some patience <--- That applies to any investment
We may need more details on HEXO's expansion into the US (beyond the new facility in Colorado) and/or more news on progress towards legalization in the US for major moves.
Sure Quinny, you did that strategy with the Hexo/Hip merger and you shlt your pants on that one didnt you. You are the last one to be giving investment strategy to anyone.