RE:RE:RE:RE:RE:If you spend $1.5 billionWrong Touranuran, essentially buying a compay for shares has the same effect as using cash. In the end the cash was mostly settled via share offering anyways and that had a negative effect. Baggies like yourself and the #1 all-time baggie champ like queer get your shares severely diluted in both cases. Shorts understood that and they made a killing at your expense, while queer and others held "the bag" and even averaged down from $7.50.
You likely don't recall but at the time of the Redecan deal I said that at a cost of almost $1 billion combined - Hexo could not afford that and in reality Redecan bought Hexo.
Looks like I was correct on both fronts. So apparently you have a vast portfolio, why are you wasting your precious time on here, especially given that both Keeler and myself have essentially won the debate - now that the stock is 27 cents.... LOL
Touran77 wrote: VeritasVern wrote: Queerlash you are the #1 most pathetic on this board. So if Hexo shares drop to 10 cent the Zen/48N/Rede buyouts are even a better deal? Wow wouldn't it be fantastic if Hexo dropped to 1 cent even a better deal yet. Quoting the income of the companies without the respective losses is missing the point and on why Hexo is now a 27 cent stock. And if such good aquisitions why did they sell off most of the company assets. Clearly they should never have bought Zen and 48N and Redecan was way over priced to the point Hexo is essentially bankrupt which set the stage for companies like Tilray to get them for cheap. You guys are both clueless.
quinlash wrote: Touran77 wrote: Hello Keeler :), me again since no one else care about what you write.
Anyone following Hexo knows that they didn't spend 1.5B for acquisition. Those dollar figured were based on SP around Feb 2021, which was, and I quote you on that one, "crazy overvalued".
Here is how much the acquisitions of Zenabis/48N/Redecan actually costed Hexo:
Zenabis: 17M shares, worth around 4.4M as we speak. Zena brought at the time around 9M in sales a quarter or 36M annually. Do not forget about brand and IP.
48N: 5M shares, worth around 1.3M as we speak. Do not forget about brand and IP (especially in cosmetic).
Redecan: 70M shares, worth around 18.2M as we speak PLUS 400M in cash. Redecan brought at the time around 20M in sales a quarter. Do not forget about brand and IP (Do we really need to talk about Redees?)
Total of 423.9M.
Funny how Keeler's double standard work :p. He likes to used the The highest SP we have seen since November 2019 when it is time to put a dollar sign on the acquisition made with shares, but also like to say that this SP was never supposed to happen and that it was "crazy overvalued" at the time.
Good try, you might have caught some naive investors here :).
Touran
You guys are the saddest traders I have ever seen. If you had followed the news released by HEXO Corp on the transactions you would have seen it was a
mix of cash and shares.
The portion of the deal based on shares was also based on the shareprice
AT THE TIME OF THE DEAL. Therefore the
VALUE of the deals were coined as much higher than what they would be if they took place at the
CURRENT shareprice.
Touran actually did a nice summary IMHO, you should be thankful someone is making an effort to identify where you are making your mistakes / assumptions.
No Verny that is not how you are supposed to see it.
The way you are supposed to see it is that by making deals with shares, Hexo protected itself from brutal bear market in the sector, which we have seen.
Unfortunately the 400M cash wasn't protected against it and this is why Hexo tanked more than the others. One the other hand, who would have thought the bear market would have been that brutal? Weren't you the one saying at 2$ that "one would be stupid to think Hexo is going to 1$"? Well we are now at 0.27.
If you knew how to trade, you would wait for a macro reversal in trends and would make money out of it instead of just posting on a childish forum to spend your precious time :).
Touran