Supreme Cannabis Company Inc. (The) T.FIRE

FIRE.DB vs FIRE

[Method]

Does it still make sense to switch the FIRE into FIRE.DB? 

Pretty interesting switch to me especially for the deb holders who already understand how bonds work and might be dumping their stock.

The new debs are convertible at 28.5 cents so at 55 it's like buying the stock at 15.675 cents which is a few months of interest vs the common if the accretion debentures are included. 

It's a nice set up too because there are some arb type debenture holders who are selling their debs because the equity and stock have held in well and they don't have a fundamental view on the company. 

Also, it's better protection on your capital if the stock stays stuck as at least the cash current yield come Jan 1 is over 13% on FIRE.DB at prices up to 60. Not sure how many debs are available though. 

I'll take credit for some of the weakness in the stock yesterday as I did this switch for my free trading shares. It's an even better deal now if you agree with the analysis.

[watchmeplz]

In my opinion, you'd get me interested if the hierarchy was changed, bmo debt was erased. Until then the .db bleeds like the equity does just with less volume. I wish the best for you, EVERYONE IS HERE SHOULD BE AT MINIMUM IN THE .DB! BTW, come over to the TUD board, gold is hot, needs your help there with a little push ;) Thanks!