Supreme Cannabis Company Inc. (The) T.FIRE

Q results look great, so why the raise at 19 cents

[Dunworkin2]

Interesting, Beena knew that her Q2 results would exceed expectations when she did the raise at 19 cents two weeks ago. Why the rush to complete that raise when she could have done it post Q2? Could have doubled Fire's proceeds or cut the new share count in half.

Someone needed a favour, who benefitted the most from that raise? Lol. Would love to hear what goes on behind closed doors, but really, everyone here (myself included) doesn't give a shite as long as the share price goes up! Lmao. Welcome to Business 101, now pass the lube around. The back scratching never ends, and I hope she is getting her fair share... of back scratching.

[vulcan123456789]

good question for con call

[Dunworkin2]

That type of a question will only generate a BS politically correct response. The answer is that the Board and Beena have options at 16 cents (no risk). BMO led a raise at 19 cents (probably knew what Q2 would look like, so no risk). Retail shareholders left flipping a coin...bearing all the risk with real cash invested. I'm done ranting now, nothing new here. Happy Friday all!

[StayInvested]

The debenture holders would have, and if there is ever an equity raise happening after a deb deal, the deb holders are generally consulted and agree to terms. This probably allows the deb holders to get equity cheap, since the conversion of the debs is on the horizon if this company maintains its .45 avg over the course of the next 10 trading days. All that debt gets converted to equity, and is

[Rejean1]

The only reasoning I can come up with is that`s the deal they had to work out to get 20+ million dollars.  The share price could have crashed at anytime as it was  being driven up by momentum only  and not on fundamentals. Had they waited, MMPAC would have possibly paid a bit more per share, taken on more risk, and possiblt halved their purchase or simply decided not to buy in. If

[Dunworkin2]

Anyone get any answers from today's call? Board is happy with 16 cent options. BMO is happy at 19 cents with warrants. Someone always gets taken out to the woodshed, looks like it's retail yet again.  Don't get me wrong, the business operations are doing well, but there is tomfukery happening behind the scenes. Better days ahead. I think. ps. What was that raise for

[Aurum1983]

ATM is closed. Just $36M convertibles left. If you look at MMCap's 13F they rarely hold any MJ stocks for more than a quarter. This fukkery will pass as the comapny matures and attract more institutional buyers. It's not the same as before...and well, frankly that's why I am only here now.