Supreme Cannabis Company Inc. (The) T.FIRE

appears we may have found bottom

[vulcan123456789]

looks like we have some support ...14 holding and lots wanting in.. up and down to .145. may get things moving soon.. as we get closer to quarter release...dont in any way see the nickel that was thrown around.. lol..

[puppymonkeybaby]

  most who had a clue seen this hitting 12/13c since this was the break even for the debenture holders converted equity.  Don't forget about 4 months from now for yet another dump. What's most likely is that this will have a tremendous amount of selling pressure until well into 2021.  I see no point in buying equity until at least after the roll back. Even then

[Method]

58m shares at 14 cents is $8m. Its not a lot of dollars. You shoild factor that in your analysis. 

[puppymonkeybaby]

Im not seeing your point here method. 

[Method]

Your base assumption is that the selling is going to overwhelm any buyers so the stock price will go lower. There could easily be more buyers than sellers. $8m is hardly anything vs the total amount invested in weed stocks. It will likely take good results or the promise of good results but there are some positive developments in the narrative for FIRE that weren't there 6 months ago when

[puppymonkeybaby]

Ah, Gotcha. You're right, $8m isnt a big number in the grand scheme of things. However $8m in a couple days is a HUGE number for this ticker who frequently shows aenemic volume. And there was clearly more bid sellers than ask buyers. Does the overall impression of the company by the vast market warrant the tides to change? As you said, you'd need an impressive Q to do that.  Well it

[vulcan123456789]

your assuming there will be a roll back.... investors need to see some share price appreciation. just to give the shorts a roll back to raise the share price on consolidation would just be a gift to shorts.. and would not sit well with shareholders...and I wouldnt assume you know the results of next 2 q to be poor. we will see progress I'm sure

[Cdnmate23]

Gift entry point before earnings.  Being driven down by manipulation.  Finally a prudent and astute ceo.  Great product and assets.   Debt is messy but funds will pour in once stability is assured.   Haven't seem a more tempting buy in quite some time.  

[puppymonkeybaby]

This is incorrect, Vulcan. Shorts would not have access to hundreds of millions of shares to borrow post split. Shorts like ugly share structures like FIRE has. Its easy to borrow and cover. 50million shares out with a reasonable insider ownership and even a bit of inst. ownership is what scares a short. FIRE has none of these. Let me make that clear. FIRE has a bloated share structure. Zero

[Method]

This post makes me think Puppy has not tried to short FIRE recently over maybe ever.  Easy to borrow in common parlance means it's cheap to borrow. My understanding is that it costs over 2 cents/share to borrow FIRE for a month. It's not easy by any stretch of the imagination and it's real hard to make money. The primary reason the borrow cost is so high is a combo of the low

[vulcan123456789]

thanks for sharring method.. I dont believe in shorting therefore never looked into the cost etc..cheers