RE:RE:RE:The More I Look at this Deal
Hey Vulcan as a couple of people mentioned here... The conversion rate (0.01165872?) is the locked in portion of the offer. The 66% is only a measuring stick, if you will, based on the 7th closing dates. If our ER looks solid as it should Tweed will benefit from it on their stock price and we will as well as the two stocks are all but married right now. If Tweed buys Grapefruit USA (really possible someone is) they will have a proper legit avenue to immediately start setting up shop not only in Cali but (14?) other states as well. As in if I understand proper they will be better positioned to make a move in the US prior to when it is federally legal. (risk)
Selling your fire right now you are losing 5% - You will not make more money buying Canopy instead. Only way that happens is if FIRE jumps above the .42 marker and tweed drops down. I hedged a bit (1500 tweed shares) just in case but still hold as of this morning 676k fire shares so unless something unforseen happens, I will likely hold till my mentioned .48 marker or wait.
Hopefully this helps save you some $ :) - If you are good with waiting on the looming conversion late June and take Tweed you are likely be up an additional 5%. Lets be real someone is buying shares at the .395-.415 range and these aren't small volumes. Companies that are buying a few million shares expect to make cash on this in the next couple of months...
Cheers!
NOTE:
I did cancel my sell limit orders (2) as I slept on this and hate the deal. Absolutely hate it. But this is the world of penny stocks and a lot worst happens. We do not know if there were any issues behind the scene that were impacting things, such as incompetence on the packaging and distribution side of things? If you can not competently get your product to the market you will never sell the amount of product you need to.... They also have 50k kg grow capacity or 50 million grams - that would top out at around 350 million in sales but that would mean a real profit and a real EPS for Supreme... Im salty that these guys sold out. I made money, my accounts avg .305 and .275ish but I am salty. I loved supreme, i loved the small Canadian company growing through scalable operations, I loved the wholesale failure and transition to CPG story and the struggles that came with it. Was an emotional ride for a lot of us. I really wanted to watch this company grow. I am not concerned about $$$ I wanted to cheer for these guys as they grew. Now I will unlikely buy there products in the future. Maybe craft but Im in no rush for wappa 49 and am tired of their other offerings so that helps...
I feel like I just found out I was being cheated on for the last couple of months with the one person in this world whom I could not despise more.... But investing with emotions will destroy you so.... time to look at the $ end of it and move on. At the enb of the day Tweed can get back to the $60+ marker in the next few months which would mean I would have been looking at the .75 marker on my fire:ct shares so....