RE:RE:RE:RE:RE:RE:RE:RE:Wrong directionWe all know youre a number cruncher Method. Due to your years working in banking. A real stand up guy you are, Im sure. You're good for free info on the board here and there, but I wouldnt trust you as far as I could throw you. You see, you've sent a number of people to the slaughter house on those DB's. You justify it because it makes more sense than equity. Ummm do you think?!! A kick in the b@lls is better than owning equity.
It wasnt just urging exisiting shareholders. Its not hard to search your post history to see how you've been advising people to buy Debs. You are now a bagholder much like the people you ask to buy you out of your lousy position. How does that feel? Dont worry, you can smooth talk your way into getting people to buy debs and get you out in one piece. Cant you? Keep trying.
Lastly, math wont keep the company afloat in the coming q's. So although your math is good that a DB is less irresponsinble than equity, they are both facing the same demise.
Ta
Method wrote: I don't give advice and my observation which I shared with the board was that the FIRE.DB would outperform the FIRE so it made sense for bulls to buy the FIRE.DB over the FIRE or for existing shareholders to switch.
I think that has worked out quite well on a relative basis and will continue to. It's just math now.
Anyway, sorry I bothered you. I will ignore you going forward.
Ta Ta.
puppymonkeybaby wrote: I've never given financial advice to anyone in my life. Do not confuse my perception of a trash company and poor market conditions to be "advice." You on the other hand... you've been urging people to buy DB's for quite some time. This advice is showing to be poor, no?
Thanks for the info on the TFSA. Even if it came with you being a cvnt.
Method wrote: You have a lot of advice for people for someone who doesn't know the basics.
Just like most investments held inside a TSFA, the interest will be paid inside the TFSA and will be tax free.
puppymonkeybaby wrote: I was one of them that sold shares upon unlock. What would be the point in holding equity of this stock for the forseeable future?
Method, what are the tax implications if I hold the DB's in my tax free savings account? Will the coupon be mailed as a cheque? Or just sent to me outside of my TFSA with a promise to pay tax on it.
Method wrote: That makes sense. They got in there for the arb and aren't long term investors.
New money should go into FIRE.DB. Maybe every half cent move matters less if collecting over 2 cents/share in interest per year.
theTransporter wrote: Based on the volume of selling since those shares were released, and the size of the asks, the recipients of those shares seem to think they are not worth that much and just selling them for whatever they can get.
Also love the fake bid of 300K that was put up to give some hope then just be pulled minutes later with ZERO intention to purchase.
Looks like buyers don't feel like paying a half penny more than $0.13 for this.