RE:RE:RE:RE:RE:NRTHTouran77 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.
The acquirer is more than often in the red the day of the announcement??? No only when the market doesn't think much of it, kind of like the 48N deal it appears opps down 1.7% already I see.