Post by
reefercat on Mar 13, 2019 5:33pm
A WARRANTS!!!
If we need 15 A warrants to get I hexo warrant with a striking price over 15$, that's fing b@llsh$t. The A warrants were .16 when they made the deal. So effectively your getting 1 hexo warrant with a striking price over 15$ for 2.40$. Now if you got a current hexo warrant which was trading around 2.50$ when they made the deal and has a striking price of 5.60$ for every 15 A warrants. That would make sense.
Comment by
MarkMuller1 on Mar 13, 2019 5:38pm
What are you on about? The rolled over HIP A warrants will have the exact same economics. So its literally no different than holding the HIP A warrants. Just with a different strike price and perhaps a different name
Comment by
Jack4000 on Mar 13, 2019 5:42pm
This post has been removed in accordance with Community Policy
Comment by
silkroad007 on Mar 13, 2019 5:44pm
15x less in amount but worth 15x more in value. Economics stay the same. What Mark Muller said.
Comment by
VeritasVern on Mar 13, 2019 5:39pm
correct reefercat. So if you have 100,000 A warrents that would be x (.06332) = 6,332 shares of HEXO with a new strike of $1 / .06332 = $15.80. I think the original warrants will expire worthless unless HEXO tripples in price.
Comment by
MarkMuller1 on Mar 13, 2019 5:44pm
Yep orginals are pretty much worthless. A warrants will be good though!
Comment by
reefercat on Mar 13, 2019 5:47pm
The A warrants were .16 last night. So 100,000 were worth 16,000$ so for 6,332 hexo warrants with a striking price of 15.80$ the price is 2.52$ per hexo warrant. Total bs, and the economics are not the same. The sp of a 250$ million market cap company is a lot more likely to double then a 1.55 billion one.
Comment by
MarkMuller1 on Mar 13, 2019 5:49pm
Why? We dont even know what the sales numbers are for HIP yet in full legalization. HEXO is also saying over 400 million in revs next year. That would put them at a much higher market cap than 1.1 billion.