RE:RE:FIRE.DB up 15% today The higher the equity and bond prices are now, the more likely the FIRE.DB will mature at par in 18 months.
As discussed before, I don't have your vision so I look for other signals. The higher the FIRE.DB, the higher odds the "market" is assuming they will mature at par without any issue. The higher the FIRE price, the easier it will be to raise equity (if they need it and I know if I understood the situation at your level, I wouldn't worry about it).
I'm surprised with your long term view, that you care as much as you do about liquidity. My liquidity event is in 18 months at the latest (if I am right and maybe sooner if you are right).
johnale wrote:
For someone who is looking 14-18mths down the road - you sure are really concerned about the short term movement of the debenture and equity?
right now from our bet ...
debenture up 3.9 from 25 - 15.6%
Equity up .04 from .24 cents - 16.66%
with the added liquidity of the equity.
regardless - I don't care about day to day movements - it's an investment based on a thesis in the sector.
a lot of big money got this completely wrong - fire was the right play - I'm confident we'll both do well. you don't need to be a visionary to realize that a successful CPG company starts with one of the best "g" products. At the right operational size - fire is a no brainer.
https://equity.guru/2020/04/08/supreme-cannabis-fire-cup-handle-reversal-pattern/