RE:RE:RE:RE:appears we may have found bottom Your base assumption is that the selling is going to overwhelm any buyers so the stock price will go lower.
There could easily be more buyers than sellers. $8m is hardly anything vs the total amount invested in weed stocks. It will likely take good results or the promise of good results but there are some positive developments in the narrative for FIRE that weren't there 6 months ago when the market cap was much bigger plus the debt issue has been stabilized for a while.
Are you going to short the stock? If so what's the borrow these days?
puppymonkeybaby wrote: Im not seeing your point here method.
Method wrote: 58m shares at 14 cents is $8m.
Its not a lot of dollars. You shoild factor that in your analysis.
puppymonkeybaby wrote:
vulcan123456789 wrote:
looks like we have some support ...14 holding and lots wanting in.. up and down to .145. may get things moving soon.. as we get closer to quarter release...dont in any way see the nickel that was thrown around.. lol..
most who had a clue seen this hitting 12/13c since this was the break even for the debenture holders converted equity.
Don't forget about 4 months from now for yet another dump. What's most likely is that this will have a tremendous amount of selling pressure until well into 2021.
I see no point in buying equity until at least after the roll back. Even then, that'a assuming financials dictate to buy. They have never yet done so. So stars will really need to align before this gets traction