Supreme Cannabis Company Inc. (The) T.FIRE

jmho invest in fire

[vulcan123456789]

do your research there are so many positives with supreme.. new products .quality.. cost efficiency.. I can go on.. those saying dont buy are shorts.. they have their own self interest.. keep stock down.. to short.. when this goes it will cost a lot more to get in.. the shorts will only cost you money if you wait too long .. it's a great price to build a position.. do your own research.. make your own decision dont take advice from anyone here ..jmho cheers

[FunGuy88]

I am not short FIRE, I just don't see a path to profitability. The canadian cannabis sector has been pretty messy for quite some time and there are many companies in the same situation. Vulcan, can you elaborate on what exactly is going to turn things around here? I have seen seen positive product reviews, but that doesn't necessarily translate into sales. I see $84M worth of convertible

[vulcan123456789]

this Vulcan is one and the same as the previous vulcan.. so have been here for some time..I had to get a new phone and was unable to access old account so I made the new one.. same name just numbers added.. no opt and I are not the same person.. our styles are even dif.. I am confident in fire and the future.. just need to research it.. jmho cheers

[OptGreen]

What's with the incognito Vulc, it did seem strange but then you were chasing the COVID plays so it appeared it could just be a coincidence....good to see you are still onboard. While I am honored to be cast in the same light as you and the rest of the board, to be aligned with the lowlife and clowns would be beyond the pale, JMHO...Opt

[vulcan123456789]

I never left my friend.. still here and have increased my position... a few times.. just waiting for this thing to take off.. still in some covid.. made some cash and bought more supreme.. been sampling product from time to time.. big improvment on the days of my youth for sure.. cheers

[Method]

It's actually $100m in converts that are due in October 21. Weird accounting rules.  If you are considering buying the stock but worried about the convertible debentures coming due, just buy the debentures and you make 30%+ current interest and get $100 for every $27 invested next October as long as the company is still around. That seems like a pretty low hurdle for 4x your money

[theTransporter]

Method - $84M as stated by FunGuy is correct.  This is the figure on the balance sheet from the last financial report.

[FunGuy88]

I think Method is correct here. The principal amount of $100M would have to be repaid upon maturity. The $84M that is shown on the balance sheet is actually discounted to reflect the effective interest rate, but this liability will increase to $100M as interest is expensed. https://accounting-simplified.com/financial-accounting/articles/example-of-accounting-for-convertible-bonds.html  

[brentkosta]

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