RE:Reverse Stock SplitLooks like the market doesn't quite care as the sp has barely moved. Hexo will owe Tilray based on US$193 Million at 5% interest, converted to CDN approx $12.25 million per year. I'm not sure if Hexo will ever be cash positive especially with declining market share. Tilray is clever at leveraging Hexo and one day will take them over on pennies to the dollar based on thier inability to meet their obligations. So sad.
Keeler wrote: Despite the Tilray announcement which was just formalitzng the already announced agreement about the transfer of $211 million debt from High Trail to Tilray - the Giggly Girls and other Hexo cultists might be able to pump this up for a day or two to see a small but unsustainable share price increase.
As such, this is the perfect time for Hexo to annoucne the impending 10-1 reverse split, most likely tonight after market close.
Do it while everybody is so giggly.
Good tiem for day traders?