RE:RE:Volume stats!WillyPepper wrote: Trans that Joed23 on ceo is a complete clown. He's been around for a cup of coffee. Supreme has been a complete gong show for us legacy investors. People who have been reading these pages since the SL days know you've been around forever. Back in the maxtmaxt, Ianhamburg, chef69 days. Even Brentkosta been around since I can remember. Eitherway, Supreme has been a major disappointment. Even on that day on January 3rd 2018 Supreme was maybe a 10 bagger for me, well other mj stocks were 20-28 baggers. Yes a 10 bagger seems fantastic; but compared to its peers it trailed heavily. Supreme has always been run like a private company instead of a public company with responsibility to its shareholders. Hopefully financials moving forward will start to be stellar vs. the somewhere between meh and garbage they have always seemed to be. Even that 19m q4/19 (although are best ever) wasn't as great as everyone thinks. It also led to a complete travesty in Nav's 150m-180m guidance for fiscal 2020. Whats the potential guidance for fiscal 21 maybe 60 millionish. Fn ridiculous he even made that guidance. Like I said criminal. That guidance was only made to try and artificially inflate the stock price so those warrants due November 2019 at $1.70 would be cashed. Of course they never were because the price never got high enough to justify it. Lost money at the time and now raises today at .19c for dilution of 120m plus shares. The only good thing is the average retail investor doesn't even look at share count vs. Market cap. And I agree 60 cents for Supreme today is the new $1.15 from a year and a half ago.
WillyPepper - I don't remember your username from the legacy days but those names you mention bring back memories. Good ol' ChefBoy69 was quite the character. There was also TanMan, sillylung, birch, and even Hans. Hope they all took profits.
You explain the history quite well and it's very unfortunate and the disaster story still continues to play out today.
- Company raised $20M with zero explanation to shareholders (they owe us at least something!). This has given shorts free reign on beating this down.
- Record breaking volume on Friday of 56M shares traded. No comment from the company.
- MMCap would have had more than enough volume to liquidate their position after considering #2 above. Yet the relentless endless selling continues today.
- Management is silent letting the shorts have their way with this.
With MILLIONS of shares at the ask at every level u p until $0.195, and anon selling into the bids, the floors are collapsing here and this is being walked down towards the 52 week low while every other play is within reach of their 52 week high.
How can you have faith in management that has basically abandoned their responsibility to their shareholders. They are simply catering to the institutions getting them in as cheap as possible, and the hedge funds (MMCap) giving them the opportunity to short the fu.ck out of this.
Great company, incompetence when it comes to managing their stock value.