RE:RE:RE:RE:Redecan done dealTouran77 wrote:
VeritasVern wrote: Some said there was a chance that Redecan would not agree given the shares they received were at $7.53 vs todays price of $3 and the recent share offering at $3.75 Cdn. Right num-nuts. The market is well aware of the news and looks like Hexo is $3.03, and still down 1.3% today. Yippy.
Did you also notice that in the renews release but interestingly there is only a mention of shares 69.7 million but not price ($7.53)? such bush league Haha
"At closing, HEXO paid the selling shareholders of Redecan $400 million in cash (subject to certain customary closing adjustments) and delivered 69.7 million newly issued common shares of HEXO (the “Consideration Shares”)."
Clearly Redecan mostly was after and cares about the $400 million. Redecan owners will likely after the 18 month standstill, restart another company, as they know what they are doing and likely wont want to be part of the Hexo slow motion implosion.
LOl sure Verny, will take your expert opinion on it :p.
69.7 million shares at what price??....mising in action it seems....LOL,, clearly intentional and a sore spot so don't metion it....Lol
Good to hear you made a killing on this stock, now at $3.05, most of the pump-tards like Queenie are a buy and hold, clearly in trouble. Go Hexo