RE:RE:RE:RE:RE:Supreme covenants intact - likely hit 2mil+ ebitaAgreed joh, appreciate the info as always value, hard to draw any clear cut answers to many issues/ questions at this time...but Beena will have those answers and we will be seeing most, if not all, the answers by or at FQ2/21 report release.
Can't see anything but funding for growth/ expansion of some form, if this was for problems and/or to stay afloat at this stage we could expect selling of the assets of which does not appear to be in the cards at all.
It appears that we be seeing a material increase in sales for the quarter with a much hgher percentage of full production for current quarter and at full production or close to it by end of FY2021....the increased product shelved and consumer loyalty building countrywide, expanding international sales to Australia and increasing sales to Israel, products soon to be listed on Shoppers, etc it is clear they are building the company not selling it.
i would be very surprised if Beena was filling that fancy vault with unsaleable product...FIRE does not grow grass!! More like Beena is got operations and sales avenues ready to start moving to full production, new product offerings, etc....add a healthy up tick from the barking mad, on the highest volume, just shy of 9mil, on the day on my page and ending flat, this is hardly a foundering company by any measure. This raise will close on Fri I believe, before the report, got to have those shades at the ready as things are going to look much brighter for FIRE by next week, though report release and beyond. JMHO...Opt
johnale wrote: Ya no idea - if I had to guess it would be some partnership where they have to put some capital into.
Why draw 7mil from BMO just to raise 20 to pay it back?
why raise 20 overnight? So quick?
Beena has been pinching pennies for months, and has already paid back part of the BMO line.
I think q2 is going to be bangers, the buisness is on really strong footing, and she sees some opportunity to grow and make a deal. It takes some capital, but may be worth it.
thats my guess.
at least the bull perspective.
maritimedreamer wrote: Well this is all interesting Johnale.....nice finds.....it is still a head scratcher why they did a raise if they had room on loc at bmo and access to an atm.... so something must be up..... of course you do not know like all of us but what r ur thoughts?