Thrid time's the charm..... i guessCan't say i didn't warn folks over the past 3 years (many times i may add) this would end up this way. Ever since the sector skyrocketed into the stratosphere, eventually peaked and then fell hard back to earth with the same force that pump it, the signs of troubled waters over the horizon were numerous & evident everyhwere you looked. How someone could not see all those red flags is beyond me, but they were definitely there and hard to miss. Only true fools would deny this.
And now here we are. If there are still holders here, investors that have been hodling for all this time for the past few years, dismissing the signs but holding out for nothing but sheer hope, then you deserve this untimely fate you've put yourself into. There is no one left to blame but yourself here if you've held all this time, all the way down and did not sell when you should have. I guess the only thing left to say is that you could have done much worse than Hexo and invested in some worse off smallcap pot play that could be in BK by now. I guess that's about the only consolation you have left to appease any losses you're suffering at this moment. But even that cannot erase the fact that if you're still holding on to Hexo stock, you're in deep S.
Any hope left here for Hexo s/h? Imo, probably not. Aside from the fact of where Hexo is based, which imo is really bad & a great disadvantage in the first place. Something which smart investors who invested in this company should have realized off the bat, right away and avoided the company altogether. But for agruements sake, taking that truly dismal fact out of the discussion for the time being and focusing on even bigger issues, the company's current financial status is a REAL goddam mess. And there's no avoiding, dismissing, denying or possibly changing that unfortunate fact.
The financial pains here for whoever is left holding the worthless bags is still not done. I'm FULLY expecting ANOTHER massive consolidation of share captial and i'm guessing, like i stated in the subject title, that this third reverse split will be the one that ends the company as a viable entity. This outcome is not really in doubt imo, but in the manner it will happen is still up for grabs. IMHO, the end here will come in either of two ways, by cheap buyout or BK and both are equally possible and neither is better than the other. I see absolutely no way out for Hexo or its s/h, as the company is still heavily indebted, their books are in complete mess, mgmt is in disarray and the sector in general is in chaos with no real direction or guidance from Gov't or regulatory legislation.
Basically your only way out to MAYBE recoup some financial losses is for the big, hot money to come back into the sector in time before the company is forced to declare insolvency or some white knight saves them from doing so.
GLTA