Hempco Food & Fiber Inc HMPPF

what does this actually mean for existing share holders?

[Captain565]

No surprise here. Useless management. Running it to the ground. But...what does this mean for the shares people already have. I likely dont understand what I am reading, but they certainly dont make it easy to grasp. Do I still own hemp garbage, or have I now been rolled into a new pile of garbage, and at what ratio?

[aurumtrader]

It's in the Transaction Details of the news release so try reading the entire article. But anyways to save you some time....the exchange ratio is going to be a deemed price of $12.01 aurora shares for each Hempco share at a value of $1.04.  So...if you own 10,000 hempco shares this is the calculation: 10,000 x 1.04 / 12.01 = 865 Aurora shares received.  Brings this garbage to a

[Captain565]

Thanks for that. Also...thanks for the ridicule. As I had stated...I didn’t understand what I was reading. You did answer my question and I do appreciate it greatly.

[aurumtrader]

Hey. Just re-read my post. My bad on that.  Definitely didn't mean it the way I said it. I do recommend reading the full release though as it has the management commentary and other useful information such as the intended closing date and so forth.  At least it's one less company for retail investors to get into in the Cannabis space.

[Captain565]

LOL I just re read my post...I was a knob. I have a slight reading issue that at times can be a little embarrasing. But I do thank you, and agree that this likely needed to happen...but man...I bought at 1.83. ouch... I do have a boat load of Aurora however...now a few more I guess. thanks again.

[aurumtrader]

I only have 8,200 Hempco and I bought them at about 1.30 so I am not too bad off. I feel bad for anyone who bought at high time ($3ish) and rode it down. That is a sucky permanent loss. I do own lots of Aurora and have been in/out since Day 1 when it took over Prescient Mining in a Reverse Takeover.  I will admit I own more of the warrants now then the underlying shares themselves. More

[HereForGood]

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[mozzarella]

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