RE:RE:RE:RE:Curious about said 1:5 Reserve Split VoteAgreed SC/ md, we would need more clarity of the necessity of the split before the meeting, with enough time and to confirm whom you identify to exercise your vote....there will be an on line option to vote available as well but I have not recieved the Voting Instruction package yet. There are also the other ratios up to 1:5 maximum...a 1:2 or 1:3 may be acceptable based on the right criteria?
The company is well positioned to be very successful on ther current path of proposed avenues of production, existing facility expansion, ultra premium facility, foreign and domestic oil production, etc....let's see these targets realized and grow/ add from there, from a position of strength, albeit there may be well thought out advantages available with minimal risk, that we have not been privy too to date, that could justify a split but we need the info and the packages will be out soon, as required, for review.
FIRE is a solid company with quality product on the ground floor in the hottest marketplace on the planet...there is no need to get greedy or stupid from here, we can grow and prosper with premium quality cannabis but only if the focus is on the "plant" and not mass production at the cost of that quality and care required to produce it. JMHO....Opt
solarcradle wrote: I'm not sure what to think either. The nice thing is that it has only been proposed and open to vote on and discuss...for now.
Reverse splits usually have negative impacts on share price after a split occurs. Not always. I think that it would have some psychological impact on investors and a dip would follow. I don't know. What if they do a share buy back?
My novice opinions looking beyond a possible reverse split in this company, if a 1:5 reverse split were to happen...
We end up with a SMALL float and investing becomes more attractive to investors and easier to move to the TSX and attract investors with larger pocket books. Products being premium quality as they have been coming out of 7Acres leaves no doubt in my mind that consumers will be buying product. If Supreme stays on track and we have plenty of news released and happy customers, I think a reserve split might not be as bad as many are making it out to be. It might be a great option as FIRE is on the cusp of reporting massive revenues and playing along side the big guys. It would be nice to see less dilution to move the SP. I think if ever a reverse split were to occur in FIRE, now is the time to do it, as Opt said.
I could care less if my shares are divided by 5, as long as the company sits with strong fundamentals and the share price climbs higher. It could work out to our benefit in the short term. For now, we all go through the growing pains of these markets as they leave their infancy.
maritimedreamer wrote: I certainly did not see this.....i dont know what to think of it....my first impression is im piss d bc i worked hard to accumulate my share count and now it cut in fifth. But right now im trying to understand this b4 final conclusion..... can anyone help explain if this is good or bad for supreme? What would their rationale be with this regard? What are positives and negatives? I cant see market percieving this as a good thing....Opt / Solar anyone?