RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:looks like we are in a stalemate.....This disaster in search of the justification is bullshite bk, there is no problem the 320- 350mil SO count, post warrant disposition, when the sales/ revenues are meeting estimates and if it is a RS will adjust all of the numbers for those that need to feel all warm and fuzzy. There is no difference between 330mil @ $2/share and 110mil @ $6/share in real terms it is only perception....When you look at ACB with 1bil SO @ $11, WEED 355mil @ $60, CRON 333mil @ $20 today none of them make any sense, where do they get these M Caps or their SPs, when the shelves are bare in too many cases? They are all weak and will be correcting south for some time before their valuations will make any sense at all, while FIRE can sit at 330 SO and see $5/share by year's end with sales in the $30-50mil/ quarter range and no RS....FIRE's balance sheet is going to blow the rest away by year's end as long as they start meeting sales estimates starting this quarter and the trend continuing for the next 2quarters...Trans gets it, it is you and Fast that need to either wipe the shite out of your eyes or quit with such a feeble attempt get folks to sell. FIRE will be meeting most if not all in the sector as it heads north and the rest retrace as current picture plays out, JMHO...Opt
brentkosta wrote: Agreed. I have no doubt (but could be wrong) that the 1.70 warrants will expire worthless in December. Especially after the 50c warrant damage is done and as we near tax selling season.
Thats unfortunate for the company as the 1.70s would be a nice cash injection at a reasonable denominator had they held that share price. Instead we have around 30 million shares of near worthless paper hitting the float from now until next april. 25 million of those in the next 3 months. The company will see less than $15million from these warrant ex's. Ouch.
This cheap paper has and will destroy the share price further. I do believe much of the damage has been done between March 31st and today.
IMO, theres absolutely no reason to hold warrants this close to expiry. Its bush league. Shares should ALWAYS remain liquid unless there is a coupon on them.
Fastlane2 wrote: Geez Trans I thought you were smarter than that with your investment. 30% or roughly one third of your portfolio is in FIRE? That's not a diversified portfolio and you should have lightened up on your FIRE shares along time ago and should be holding 10% at best. brentk tables some interesting facts that will hold Supreme back and like many have stated before from previous posts, those warrants will be exercised, don't kid yourself. The performance of Supreme has frustrated many hence the warrants will be exercised and many will dump out of anger and frustration from this poor performer. I assume based on the amount of new shares hitting the market Supreme would be lucky to hold $1.50 and I suspect a test to $1.30 could be in the cards. In November you will see the factual number of shares outstanding and I would guess it will be around 340 million and I'm being conservative.