RE:RE:FIRE or WATER ?There is no destruction here RG, quite the opposite with projected sales/revenue increases of ~$5mil+ per quarter through fiscal 2020....with transition to full inhouse packaging complete by fiscal Q3/20 sales will increase exponentially from there.
They dumped the RS option and will grow the company organically from here and with revenue north of ~$30mil for fiscal Q2 a $3 SP is definately doable....there is still pain coming for many out there, Morningstar adjusted WEED from a 5star rating Aug 22nd to a 3star rating Aug 29th, definately more losses expected there.
In any case FIRE will have access to whatever funding they need going forward but there will probably be enough of the Dec warrents exercised, if WEED is worth a $30SP FIRE is easy a $3SP and should be no problem seeing that with ~$120mil/yr revenue estimated by that time.
With everything in the pipeline now and plenty of it coming out over the the end of current quarter and Q2/20, FIRE is so under valued compared to the rest of the sector there is no where for this SP but north and for some time to come...better get in now at these bargin basement prices as they will be in the rear view soon and for good, JMHO....Opt
RealistGhost21 wrote: I did some typo correction form my previous email. Sorry the auto french corrector on my cell phone is killing me!
RealistGhost21 wrote: It is ironic have choosen a symbole of destruction as an icon and as name for their stock. Something is wrong here with the warrants that Will expire in december at$1,70 CAD. The only way To exercice 17 millions warrants at that price would required at SP at least above $3 To absorb the high volatility price of that stock and it is would be expected the from the SP to drop around $2. Now why the SP should reach $3 when we already know what is coming for the next 2 Q? Would you like to be owner of thise warrants purchased in dec 2016? Do you think the small investors who did purchase those warrants did not believe in this compagny in 2016? Should they be concerned and be pround of how they are going to be treated by the compagny to have provided financement in 2016? IMO even if in the futur the compagny turn to be a success in many years from now it doesn't mean we Will get our part of that success...what will happen in December 2021 when not 17 millions share are going to be dilluted but 42 millions share are going to be dilluted?
My Advise do your own DD. For those who invest a large stake already I recommend that you stop buying and wait for the new investors here of course there is a potential opportunity To but some share but be aware of the risk in the long gun.
I wish nothing bad to this compagny and also nothing bad to the current Shareolders. It was not stupid To believe in this compagny before but now it is not the time for current shareolder To promote the compagny but to the compagny To promote properly itself and in order to do so it needs To perform a miracle.