False Flags & getting caught...Once again with your pants down. I see most folks never learn what to buy AND what not to buy, even after havinf their literal buts handed to them. And this does NOT MATTER whether your an actual investor OR just a simpleton daytrader, like many here are.
I really could care less at this point whether more folks gets suckered into this mess, but as I've mentioned many times in the past before, the story & potential of this company came to abrupt & definte end a long time ago. When the overall market is stagnant with no defined direction, and ontop of that the sector you operate in is an utter mess and stinks something awful, not withstanding that your stock smells even worse than a dead corpse, with no possbility of ANY viable future........you KNOW as a s/h of this said company........ you're in MORE deep trouble ahead!
I mean really folks, just look at the commnets on this board & others. Folks getting EXCITED that Hex'd pumped up today on just barely 15% on a abysmal volume of barely 1/2 a miilion shares traded. REALLY guys. if your a day trader this is NOT the place you want to be today or in the past week. A smart & perceptive trader, not matter if you're a swing or day trader, wouldn't be touching ANYTHING in the pot sector and would be ALL OVER buying/selling all over the crypto space for the last 48 hres. NOT in these dead pot stocks, and definetely NOT in Hex'd!!!
So why did Hex pump today? it's because the "insiders" & MM's of the company that control the stock piggybacked on OGI's pump and decided to take this "opportiunistic" opportunity to move their own stock price up.....BY THEM buying to create a false pump SO they can unload MORE worthless shares upon an unsuspecting & dumb investor base. These guys over a Hex NEED to keep selling shares to raise more funds to keep the scheme going, because if they don't , it's basically game over.
The Hex guys are at the point where they've used up ALL the restrictive cash that was linked to the convertible debs AND now they down to about $60M left in cash over about 6 months worth of operating funds.......AFTER that it's back to the well and MORE private placements OR borrow more from their masters. And trust me, if that ATM tool they have is still in place, it will get used to its maximum 24/7 for the rest of the year...........
After all this, do you still think HEX is a viable investment or even a decent trade? Probably not if your a smart & savvy investor. I mean really man, if you REALLY need to invest in POT stocks (which i would NOT rec'd btw as i've been harping for the last 3 years and will STILL keep harping even now), there's so many better options than investing in HEX'd. Just look at the damn valuations of these stocks, for starters....
As of this writing, Hexo is valued at about $325M, mostly made up debt OWED to Tilray. Imo, the equity is completely worthless and only being used as a tool to keep selling shares to the public or those dumb enough to keep buying those wortless shares. All the value of the company is in the DEBT that Tilray holds, and even that may be WAY overstated, because i don't believe the company is worth anywhere close to $250M. not even close.
So would you rather buy an overpriced Hex at a valuation of ~$325M or something else which is much better in terms of value? Something like VFF which has an valuation of ~$200M or Hitide at about $220M. Even OGI at about $350M or Canopy's Acreage Holdings at ~$325M US are much better bets than Hexo.........IF POT stocks is your thing.......
Remember folks, you just need to make ONE mistake, whether it's a bad trade or a bad bet on the investment to cause all kinds of problems for you in this difficult investing environment. Which has also many opportunity costs involved as well once you've made that bad call. So MAKE SURE you don't bet on the wrong pony.......
And for me, betting on HEX is like betting on a mediore race horse called "Final Bell" who's best days are behind him BUT some folks who own Final Bell are STILL adamant to keep running the poor thing to make sure to draw every last ounce of blood. Unfortunately for Final Bell, he's running all these races always near last in every one AND always keeps tripping, falling flat on his behind. But this time, he's twisted his ankle and is more or less done for good. The next stop for Hex my friends is then glue factory & and end to the HEXO-OO story.....
The moral here? Dont get caught in something you KNOW will only get worse from here......
If you want to gamble with trades, go over to the crypto space as those Bitcoin mining stocks are on complete fire, and have been so for a few days. That's where all the smart traders are, NOT here!
GLTA