RE:RE:RE:RE:RE:RE:REDECAN Rotaluceps 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 $7.53, dont you think they want the goof-ball gone?
At least the Redecan owners know how to run a company without relying constantly on cash infusions though dilution. No stop losses yikes, good luck
Why would you talk about something that will never happen. Who would use any amount of ca$h to take control of Hexo? Too funny. If I had some courage, I would short Hexo! :p
That is true Rota. Why would Redecan merge with Hexo which is a money losing pit by each quarter and needing to do financing, when Redecan was profitable on their own? Seriously Well it probably had a lot to do with
$400 million cash in their pocket plus shares that they could eventual sell if they wanted.
The smart move would be to take out SlySL and begin to make changes to get to profitability. Time is running out for big, fat, bloated LPs that are addicted to public offerings to keep them afloat. tic toc, tic toc.