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Bullboard - Stock Discussion Forum Zenabis Global Inc. T.ZENA

We are a diverse, passionate team of doctors, scientists, researchers, growers, educators, and advocates who came together with the goal of increasing access to safe, high quality cannabis for medical patients and recreational consumers. Our four facilities are located coast-to-coast across Canada in Delta and Langley, British Columbia; Atholville, New Brunswick; and Stellarton, Nova Scotia... see more

TSX:ZENA - Post Discussion

Zenabis Global Inc. > ZENA will trade over the conversion value
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Post by quinlash on May 12, 2021 11:08am

ZENA will trade over the conversion value

Short sellers are required to buy shares to exit their short positions.  It is reasonable to consider there are many short positions still active on Zenabis stock that were taken out in the upper teens or even around .20 / .21.   Those short sellers can buy back shares anywhere below where they took the short position out at and still profit so do not be surprised if the shareprice of Zenabis shares remains higher than the conversion rate to HEXO shares.

Short-sellers are best served up after a slow roast over an open campfire.

Q

- Long on the HEXO + Zenabis Combo
Comment by Jimmy713 on May 12, 2021 11:18am
Once all shorters cover, mypuppy will be out of bashing job.
Comment by mydogchach on May 12, 2021 11:53am
quinlash - (5/12/2021 11:08:59 AM) ZENA will trade over the conversion value Short sellers are required to buy shares to exit their short positions.  It is reasonable to consider there are many short positions still active on Zenabis stock that were taken out in the upper teens or even around .20 / .21.   Those short sellers can buy back shares anywhere below where they ...more  
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