RE:RE:Supreme is undervalued....TraderPilot wrote: Allright ill play along, tell me why Supreme undervalued?
Everyone knows about the company. Its referenced in many publication along side the Big ones
Everyone can read about their supply agreements.
Everyone can read their financial statements.
So I ask again how is Supreme undervalued.
Seams to me the market has spoken no?
Tbhere is power struggle in the industry. This is the biggining of a new commerce. It may be in the interest of the big companies to actually manipulate trough shorting, buying and dumping at opportune times a company like Supreme in order to possibly force it into a buying situation. It's way cheaper to buy out a developed company than to start from scratch. Another reason to do this is to eliminate competition. Competition drives down pricing.The big companies ultimate goal is control of the industry. Supreme is located near the Bruce Nuclear Plant. They get a deal on their energy costs. The town also welcomed the greenhouses with the firechief, police dept being on board. It will employ close to 100 people. That's good news for a location where unemployment is high. All these factors make Supreme for an attractive takeover. BUT...it ain't happening because Supreme has been around 4 years developing a great product. The contracts with the provinces and Tilray prove this fact. We also have John Fowler a marketing genius who knows how to present a case. All these facts will come to the forefront after the 17th. Personally I have doubled my position this past week. I have a sell bid at $5.99. Usually if you try to more than double the price it will not get accepted. TD Waterhouse accepted it. That tells me something..A big double is coming soon.