RE:Part of my Prophecy has come true!you are the same idiot that called AFM, Alphamin REsources a pump and dump??
LOL
nice call dude
keep posting...So i know what stocks to STAY AWAY FROM
mrmomo wrote: Will the rest follow though? The stock is finally solidly below 50 cents cdn my friends. I had made three bold predictions late last year & earlier this year, regarding the future of Hexo. Two of those three beauttifully detailed predictions, have been fullfilled. The last one is the process of doing so as well as we speak. The third prediction of my infamous crystal ball, was Hexo shares plunging to under 0.50 cdn around this time and an eventual massive consolidation of share capital to follow. I specifically stated, that Hexo mgmt will not do a RS until the shares were well below 0.50 cdn. How much further below 0.50 than what they currently are before Hexo actually implements the consolidation, is unknown.
What is known, is the following. Hexo will not go bankrupt anytime soon because of three crucial reasons. First, the Tilray bailout by assuming their debt gave them access to three possible avenues of addtional cash infusion. The restricted cash under the old agreement being freed up, the addtional funding from Mr. Arviv & company in terms of new loans AND maybe some possibility of Tilray providing more assitance to help them through tough times. Additionally, Hexo can continue to dilute unabated to infinitum to raise the necessary cash they need to survive this year or next.
So what is known here, is not the possibility of Hexo actually going insolvent or BK, which has been completely removed by the Tilray agreement/bailout, but the obvious & dreadful prospect that all current holders of equity will be COMPLETETLY wiped out.....totally. This is not in question, if Hexo continues as a stand alone company. What is in question though, and whether equity holders can salvage anything from this utter dumpster fire is if Tilray is ready & willing to buy the entire company at some point? Because this is the only way ANY equity holder will get anything back. Be it even if it's only a few pennies on the dollar invested.
Because in reality, i can really see two distinct & probable possibilities here. Hexo hobbling along, continuing as is hoping for better times in the next few years with Tilray just holding their debt & helping out financially once in awhile OR Tilray takes the big plunge and buys the whole company for peanuts. Which imo, will not be more than 0.85 cdn (or equivalent value after RS) hard cap value they put on it.....at best. I'm not too sure Tilray s/h would be happy or agree with the latter though. But that's JMHO.
You decide.
GLTA