RE:RE:RE:RE:RE:RE:REDECAN Touran77 wrote: VeritasVern wrote: Touran77 wrote: VeritasVern wrote: Select55 wrote: OUCH hows the butt this AM redecan LOL
Select55 wrote: Redecan is now down $360,000,000 LOL I bet there just tickled pink that SSL fuked them over and had no idea how bad it was going to be
With $400 million in cash Redecan owners could buy out 30% of Hexo shares, take controling interest and still have $250 million in their pocket. I bet the first thing they do is fire SlySL. That's your only hope.
Another time where you show everyone you don't understand a thing about the market :p.
With 400M in buying, do you think the SP would be at this level? Nope, that would create buying pressure and would raise the SP a lot. Therefore the number of shares they will be able to buy will be a lot lower than that.
You are making it so easy to make you look like a dumb dumb Verny :p.
Tonto
Yonto you are the dumb, dumb one clearly.. All they need is controling interest.... Controling interest would likely be in the 30-35% range. So they already own 69 million shares and all they would need to do is buy another 30 milion or less and at $2.5 that is only $75 million.
Perhaps that would add some support but then again the pending financial quarterly report will offset that. Redecan got screwed by getting 69 million shares at $7.53, dont you think they want the goof-ball gone?
At least the Redecan owners know how to run a company without relying constantly on cash infusions though dilution. No stop losses yikes, good luck
irsBuying 30M of shares would increase the SP a lot with the buying pressure so a lot more than 75M dollars. Is there 30M shares on the ask side right now at this SP?
Not super smart eh. Without buying more, Redecan can remove SSL from seat. Ft because they can talk with other big owners. Second, because when you look at the % of people who votes, you don't need that much votes.
They will kick him out if they don't like what he is doing, however I think they will keep him as they clearly like his vision since they chose him to partner with.
If they don't and think they'll do better, well this is just good news for investors right if the Redecan people do better right? :P
Tonto
I don't want to be insulting but listen dummy, Hexo bought Redecan. What is above makes no sense. this bla bla bla. then he invents a scenario wherehe can't lose, in a scenario the will never happen. .
Redecan will belong to Hexo you idiot!