RE:Few questionsBased on my own opinon only I think the odds of the deal going through are high. Seldom have I seen a vote not pass when it is recommended by the BOD to vote in favor of it.
Regarding the shareprice, that is actually set by the market with the current market made up of the following:
- Those investing and holding with expectation that progress on US Legalization will move forward this week or next with The SAFE Banking ACT. Regardless if you view SAFE BANKING as a big step or a little step towards legalization it is indeed a positive development and will aid the sector to some extent. I think we are on attempt #7 now... maybe 7 is "lucky"... or more lucky than 6... (auck).
- Those expecting that the TIlray deal may be improved / added to (note there is legal action in place on behalf of shareholders for a better deal)
- Margin players who believe the deal will execute as-is and their short-positions will net a profit.
I keep noting that I do not day-trade and I have always planned to hold for legalization so however things play out I will either be holding shares in HEXO for awhile or I will become a Tilray shareholder when the deal goes through (which I believe it will). Regardless the only shares I may let go will be those which I am willing to part with (over average) as part of a rebalance and to again lower my overall weighted average cost per share.
Anyhow, that's all I have time to get into. I don't have time to pull up a bunch of links so Google any topics I noted that were of interest
DYODD
All the best.
Q
- Long on HEXO