RE:RE:Hexo is doing a ATM, so what's the share count going to be? Touran77 wrote:
VeritasVern wrote: They are raising US$40 million which would be CDN$52 million @1.30 exchange but at the current share price of 35 cents that will be almost an additional 150 million shares added to the float. So Hexo has as of Apr 11 just over 458 million shares, add in 150 million and we get about 607 million shares. And that increase was just for $40 million. When this is done does anyone doubt the share count wont be greater than 1 billion shares?
When what is done?
You were predicting 1.4B shares just to take care of the note.
458M plus around 235M for Tilray at 0.85 and then the note is taken care of. 693M shares versus 1.4B is a huge difference :p.
Touran
Tonto you can't count as you forgot the 150 million for the $40 million ATM. So 458 + 235+150=843 million. The ATM is ongoing so it is at lower valuations such as today where the price is as low as 32.5 cents and if it declines further that means much more than the 150 million shares required for the $40 mill ATM. So you think that the 843 million is all that is required going forward or they will have to issue more shares in the near term because Hexo is unprofitable, and losing market share and in need of cash to run operations and pay for the debt. Get it or are you still pre-occupied with candle sticks? You were the one saying that the share count would never be in the 850 range, yet we will be there soon and counting. At any rate we will see where this POS ends up but clearly more than 1 billion shares is almost a certainty. Thanks for your 32 cents worth of input, perhaps you can buy one share and cost average down.