RE:*Serious Discussion* Why FIRE wont go up any time soon.The best of luck Real, agreed it is hard to be patient and watch little to no move up of SP as many here can attest to, myself included....but the reasoning is not soundly based, as there is no real comparable out there with the exception of being in the same sector. No other with 100% premium quality product menu, no other with more clientele access, post Oct 17, from coast to coast, only B2B, etc.
The fact that the 'run up, short and run down' manipulation appears to be pretty much back to normal, the SP will move north with solid base building on the fundamentals, as will all others that survive and can capture and hold market share, with manageable levels of debt. Everybody in the sector is aware of FIRE and what it will take to compete for the premuim herb market and there is little to no competition out there at this time...ACB, currently the #2, is a FIRE customer and has carried at least one FIREstrain on their menu for the last year or so and it will be interesting to see if and what they continue to carry after the 17th.
There are many others out there and several will do very well and maybe a few will do better, but few if any at a $2.20 SP and while FIRE will easily see a triple or quad from here and long before WEED or ACB, etc, the wait is over and interesting, rewarding times ahead, the best of luck to all, JMHO....Opt
Realist610 wrote: Long time lurker, first time poster. First i'll say that i was a holder until today. Today is the day when i finally had enough and sold my position. OGI, ACB, TRST, HEXO and many more either breaking or almost near their all time highs while this sits at a price it was at almost a year ago.
Looking over the bought deal that just happened i decided to compare it to last years bought deal. The forced conversion price was 2.10 for 10 days and it only just did that now. It went to 1.30 and we all know it's being held down in order to get the interest for the conv debtentures. This bought deal has a stipulation of 2.43 over 10 days. IMO this will stay below 2.43 for almost another year.
Not bashing, not hating or insulting but please do yourselves a favour and look at the opportunity cost of this stock when compared to others. Do you own DD.