Supreme Cannabis Company Inc. (The) T.FIRE

The case that FIRE is about to shake its demons and rip

[johnale]

https://equity.guru/2020/04/27/case-supreme-cannabis-fire-t-shake-demons-go-rip/

Interesting equity guru article. 
He thinks someone is holding fire below .30 - to offer the cheap financing. Fire says no - and wants to do it on its own terms with the ATM program. 

Once they lift the cap - it could rip. Earnings will help this. 

Maybe of all longs bought some more shares we could break the ceiling. 
Interesting take.

[Southybird]

Interesting article. Not a big fan of Perry but agree with a lot of what is being said. I have picked up A significant amount of shares in this range and am looking to pick up a few more before earnings  so there are some strong hands accumulating.

[RealistGhost21]

If I were you better To wait after the earning si the SP is going under $0,05 Cad not $US of course. This compagny is unable to sell at least 3000kg of weed per semestre. They are a fraud. I Guess Colin Moore Will leave the board in less than 6 mouths.

[maritimedreamer]

agreed southy, been averaging down some time now almost happy where i am at.... still a few more to pick up.  It is strange looking at that chart how we basically have topped out at $.30, literally flat.... kind of a hear scratcher no.... 

[Method]

  I'm curious, maritime, do you consider the FIRE.DB and the contractual 300%+ return or do you prefer the liquidity of the common i.e. here for a good time but not a long time?

[maritimedreamer]

HI Method, although you have presented some very strong arguments for Fire.DB (had to do some research since) i am still a fan of the equity..... i believe the liquidity as well as the potential SP appreciation is far above what the DB will be able to offer. But as you have stated, right now a rising SP will rise both boats. I believe your investment strategy is sound, but i believe long term the

[Method]

  Thanks for the civil response. Why put all of your eggs in one basket though? You probably don't need liquidity on 100% of your position. Even if the common does nothing for the next year (I know that is not your base case), you still make 300%+ on the FIRE.DB. Do you think the stock will be meaningfully north of $1 by next July?  

[brentkosta]

This post has been removed in accordance with Community Policy

[Method]

I'm actually honest unlike yourself. My ACB is around 50 and I will trim some on the way up but I expect to own the vast majority of my position until the YTM is closer to 10-15%. There are some relatively risk free returns available at those rates so I rather own those all else being equal.  Are you short stock or not have any money to invest in anything else?

[brentkosta]

This post has been removed in accordance with Community Policy

[Method]

I was referring to you suggesting I was scheming with you over private message on shorting when it never happened.   On the short side, I would have some concern if you don't own FIRE.DB as a hedge. It's possible the narrative will become APHA buying FIRE with the relationship between the CEOs and the FIRE.DB maturity being catalysts. Still lots of time for that to play out. 

[brentkosta]

This post has been removed in accordance with Community Policy

[Method]

There are a lot of naive people on this board and guys like you and Opt that like to twist comments. You are right, I probably care too much what people think about me but I think integrity is important in finance. I appreciate that integrity is not of interest to you.  I have spent too much time on this board especially given the size of the position with respect to the size of my

[brentkosta]

This post has been removed in accordance with Community Policy

[OptGreen]

Thank you joh, good article and Parry has been following Supreme with SH from the beginning...at least for the last ~4yrs since I have been here. He has been good as far as I am concerned. His angle is very possible and would make sense with  no action on the Beena NR. It could also be something else? Too much going on that probably wouldn't be if there was much to it or that they have

[Tomharley]

You guys are delusional. Beena CEO? I didnt see any good news release. Any volume is shorts setting up. This company is not going anywhere.