Supreme Cannabis Company Inc. (The) T.FIRE

fire:ct ownership

[ridingrockets]

Hey Aurum,

     You mentioned something that I was thinking of and am in agreement with, more insider purchasing would be nice.... but that being said you may know more than I on this, if they are working on something that would cause a material impact to the company this act (purchasing/selling) would be illegal...

Question for you or someone with a proper answer: At what point in the conversation does an Insider become blocked from purchasing shares? Is it in the boardroom when they made a concious decision to attempt to start something or is it once they actually enter into conversations with a third party company?

   Personally I am stuck with what is going on with the cash raised. There is something, highly unlikely it is just 'in case', going on. Has to be.. Why else do this now? Maybe the first one, maybe but doesn't make sense without something in the weeds imo.

[541house]

riding money raise could be for something as simple as wanting a war chest or paying down some more debt!! My bet is Beena is up to something!!

[johnale]

ya further to that - if you listen to the conference call - Nakhil said "we didn't need the money" FOR THE FIRST RAISE. Never mind the second.  reason is two-fold.1) Balance sheet, cash is king.  2) accelerate profitable growth.  let her put that money to work, some prudent use of capital by a CEO who knows what profitability looks like. If frustration needs to

[541house]

johnale I never understood why Fire has been held down before the last 2 raises, should of been at $1.00 all along!!

[Aurum1983]

ok. finally someone picked up on this. Here's my understanding on this very vague and some would say non-existant rule (at lesat in Canada). I am not the authority on this so I reserve my right to be corrected. You are mixing up the requirement to disclose material information and the rule against insider trading. Two are related but different. As long as material information is being

[AOGEE]

RR when I was previously with a publicly traded company the company Legal dept. trained us on policy. It was typically 30 days prior to the quarterly and 60 days prior to annual financials.   I not really sure as I haven't been involved in a number of years but I believe the OSC requires that employees with access to material non public information be prohibited from trading until the

[AOGEE]

Sorry I forgot to add that my previous employer traded on both the TSx and the NY so I could be combining some of the requirements from both. It was a while ago so could be incorrect. cheers

[scottyBoy8]

I also agree with rocket, It smells like a deal is brewing in the back round here. I hope it's a good one. My guess would be a CBD / THC beverage play of some sort, would make a lot of sense.

[ridingrockets]

Thanks for the responses! Ya when I was at a bank in a mid level position that had nothing to do with quarterlys etc nor did I have inside info per se but we have had our shares blocked on us internally until 'news passed'. The money raised is for something....