RE:$116 Million Debt - where did it go?I dont see it that way pretty sure REDECAN would have cleared that debt at time of the take over ;; I seriously dont think that moron SSL would have the balls to lie and/or hide something that large ? anyone?
Keeler wrote: Through tireless research by Keeler Broadcasting, the $116 million debt owed by Redecan to a controlling Redecan shareholder was brought to light. The value of such brilliant work should be recognized and appreciated by both negative and positive posters as invaluable research.
The matter had not been discussed previously due to the fact that pumptards don't really do much true research - low intellignce and short attention spans result in their losing interest after 'Gross Sales'.
Given the announced terms of the acquisition included the accepted fact that it contained a cash payment of $400 million, it was a reasonable and logical assumption then - that this additonal $116 million debt would be inherited by Hexo and have the end effect of Hexo at some point, paying a total of $516 million plus shares.
An ensuing discussion took place - where some pumptards of lower intellgience alleged that there was a subsequent note on the fiancials suggesting the debt was paid in full, a;though It doesnt indicate who the alleged payment was made by or if the debt was simply 'forgiven' (which seems highly unlikely)
In fact, the note does NOT state a payment of any type - it merely states that the debt would 'settled in full at closing' of the transaction - and that as a legitimate amount owed, the $116 million was properly recorded as a debt under 'Current Liabilities'.
So unless someone can provide details of this $116 million question - and verification that Hexo has not and wil not in some manner (cash, shares, stale cannabis) pay the $116 million at some point, - this reporter stands by his original statement.
I've stated previously that I do not lie - sometimes I throw in some bullsh*t just for fun and to get the pumptards going, but you'd be better off leaning to beliieving my posts than not believing them.
Keeler Broadcasting, "The Truth" (Sirius 1157)
(oh, and pumptards can kiss my a**)