RE:Redcan deal500$ M in shares means Redecan will get more shares as the price dips. There's nothing negative here, its quite the contrary. If 7.53$ was deemed good, sub 7.53$ is a better bargain for Redecan. Redecan still have 500m$ worth of shares. Its the dilution of hexo float that will be greater.
Theendgame wrote: Looked over NR on Redcan deal and noticed it was priced at 7.53 for the $500 mil in shares. Well we are at 6.3 and dropping. Didn't notice what the breakup fee is should Redcan pull out. The only positive that could keep deal in place is the cash of 450 mil.