Post by
FishCam on Mar 24, 2021 8:56am
Counter Balance
Let me start off saying that I hold FIRE stock and also cannot believe how low this stock is trading. I wait with you, for the day this stock breaks the $1 barrier.
Q. Why did Beena secure all the cash ??? What is the company going to do ??? Why have we heard anything in the news ??? I went searching to see if I could find some answers, I believe I did.
I listened to the last interview with Beena and in there, there maybe someting we choosse not to discuss, or, we just ignore. Beena was asked about the prospect of another strong quarter like the previous quarter, and she responced by saying, next quarter's results will be softer than the previous. Honest but down played. She went on to say that this softer quarter is due to the Covid restictions placed on the company and people of Canada. Beena also said they are not looking to the USA at this time for expansion / growth.
Maybe the cash that was raised, in large par,t is just for operational expenses. Not something I want to hear as an investor at this time. The company is still well positioned, but we may all just have to wait for our payday with FIRE stock.
Comment by
541house on Mar 24, 2021 9:10am
Fishcam you are going to make the longs go crazy here, they all listened to her interview and none mention that!!hopefully she just wants to suprise the market!!
Comment by
Reachme on Mar 24, 2021 9:19am
You opened a brand new stockhouse account 5 days ago to post a subtle fire bashing lol....you will join my ignore list very quickly....
Comment by
541house on Mar 24, 2021 9:25am
Did beena say next quarter would be weaker? I havent listened to her podcast as I should?
Comment by
Reachme on Mar 24, 2021 9:48am
As always good post Johnale
Comment by
Aurum1983 on Mar 24, 2021 3:00pm
good post John. Some here have mentioned that our product is sold out on shoppers for an extended period of time. Just wondering if it's due to inventory issues or does it really mean we are sold out.
Comment by
johnale on Mar 24, 2021 4:34pm
not sure - but beena has the supply chain straightened out - if sell through was quick - expect them to have it solved quickly. I'm not concerned from an operational perspective. I want to see eu-gmp and distribution increased to europe and isreal going again. I want them ramping up to full production and full distribution.
Comment by
FishCam on Mar 24, 2021 10:01am
Beena's words were, softer, not weaker. Sure that means a small dip from Q2 but the sales could still beat expectations. Hope 15-17 million in sales
Comment by
VK400S on Mar 24, 2021 10:16am
Softer can also mean that the QoQ % increase is not as aggresive but it could still mean higer revenue than last Q. I'm estimating 21M.
Comment by
FishCam on Mar 24, 2021 11:00am
Please ignore me. Beena said "softer", not me. What I do know, when top level management says something, you had better be listening as they dont lie, they inform. Time will inform us what softer means.
Comment by
541house on Mar 24, 2021 11:03am
Reachme trying to suck in some more newbies , beware of the day flipper