RE:RE:RE:jmo, I don't see any pot company taking over any other one.
risingstars wrote: Why do you think that they might be not be able to refinance the debt?
I would not understand that in the current situation. We know that all companies currently have to save money. It is everywhere in the media that there is a booming cannabis market and the sales in the markets are extremely increasing.
I'm actually convinced they'll make money soon. FIRE is for me currently a screaming buy.
The bonds trade at 25. Clearly the consensus view is that FIRE won't be able to refinance the debt.
i hope that view is wrong but if I can make 400%+ return, if they are able to refinance or a 300% return if the debentures get equitized and the current market cap is unchanged (with a lot more shares outstanding). That is just a better risk reward than buying the equity.