RE:RE:RE:RE:Post legalization rally! Hey, Opt! :) Loving your insight! Nicely said! I'm guessing that you rarely trip over your own two feet. Because, you can see much more than a few feet in front of you. :) lol Thanks for that and being you.
It's almost as if the "cupcakes" don't know what they're invested in, are not following many other markets in the sector, don't hear themselves, have made "bad" choices, are in a panic, thrive on negative energy.. etc. They complain about positive news of company development and take their nonsense out on others. They also make up a lot of that bullshite you mentioned. One big circle jerk in their minds. lol I hear circus music in my head. lol Almost like.. due due, due due, dooo dah lieu lieu lieu lieu. heheh
To say the least, as you have already covered it nicely - I agree, correction should be coming for FIRE. I anticipate year end in 2018 and 2019. Wonder what things will look like then? :) TSX uplist will be exciting, and we'll see what else in the near future. IMO, there might be some juicy numbers on the books when FIRE does hit the TSX and shortly thereafter. I feel like I can put trust in this company and John, because I have not found anything unethical or unjustified about Supreme. Any objections, or just babble by board chatters? lol The foundation is growing and has future potential that you can either be a part of or GTFO! :)
Cheers!
OptGreen wrote: Spot on SC, the original facility expansion has been on track to be completed and on line for the post legalization market, which has been the plan for the last 3yrs...all this bullshite about slow and Fowler/ team not knowing what they are doing comes from those that don't have a clue what the business plan is or manipulation of the weak hands.
There has been enough cash in the till for 2yrs+ to complete the facility construction long before now which would have been unnecessary, with no market to sell the product produced, and bad business to spend the cash 2yrs ago and have the facility sit dark waiting for a legalization date years down the road and possibly never a reality....they have continued with a cost effective progress of the facility construction and based on the lessons learned from the original 10,000ft2 production to date have implemented the most favourable plant/ equipment efficiencies for their operation and production post legalization....the same with honing their growing/ finishing skills, while training personal and to achieve the strains and quality of product on a consistent basis.
Supreme has total sales of ~$16mil up to this spring...they should be doing 2-3times that volume per quarter post Oct 17th, when the market arrives. Sector SPs will correct and adjust from here on and the days of manipulation of FIRE SP at these levels is fast coming to an end...sales/ revenues, lowest production costs in the industry, minimal debt and top shelf quality product are what drive investment and FIRE has it all in spades!!, JMHO....Opt
solarcradle wrote: The memos said that full build out will be complete by year end and full capacity will be reached late 2019. If you've been following other companies in this market, you will see that some are taking the top down approach, while Supreme is sitting in a bottoms up position. It's not a race to see who can build the biggest the fastest to make you rich over night, and money in the bank in a developing industry is attractive in my opinion.. for many reasons I can think of.
Tomharley wrote: What was the point of dilution for cash. If your just gonna sit on it. And collect hefty salaries. Taking it slow. Right.