RE:RE:RE:RE:RE:RE:have your questions or comment readyAgreed joh, there can't be any longs especially that are happy in the least with $.14, myself at the top of that list but when you look at the sector FIRE has really has not lost any ground...they have all lost significant ground over the last year+, the big issue who will be moving forward with strength and generate a ROI for it's SHs and it is looking very good for those that own FIRE today.
The last year has seen the shite kicked out of the SP but the CPG, the shift to rec based production, the integration into that market all with the covid boondoggle anchor trying to drag everything to the bottom...but which may have allowed Beena/team the time to put this major shift in operations together, while trying to get a foothold in the rec marketplace.
As long as FIRE can get product shelved, with the exposure to the quality on the menu and more retail outlets coming on line in the near term Beena will achieve market share for full production and more...WEED and APHA are just about the only ones in the sector that look like solid players going forward...FIRE will be the third within the year. JMHO...Opt
johnale wrote: I don't think all these shares were absorbed by retail who are just looking to trade/flip.
It looks like a fund taking a position, in which case they hold those shares for much longer periods.
I'm in the same boat as you - frustrated at the trading and situation. But that's out of my control.
Realistically we spent 4 straight quarters with flat revenues and loses. When that narrative changes then the sentiment will too. So will the trading, but not before that.
P.s.
The debt restructure saved the company - not the other way around,