RE:RE:RE:No volumeAt last we might be done with the manipulation Trans, this is still a $20mil per year company and doesn't justify a higher SP of which is estimated to be ~10x that volume by year's end....we need news and especially on increased sales.
The sales for last quarter were half of what most expected, and what should have been, with $8.4 in inventory and $5.5 in biological assets at end of quarter says sales could have been higher....maybe due to packaging/ processing and the organization of shipping/ handling to many more smaller quantity customers than anticipated. But it appears there still should have been more product produced than is accounted for, so maybe some loss as well?
Whatever the case we are where we are and SP/ volume reflect that....there needs to be double to triple the sales for current quarter over last for the SP to head north on healthy volume. The best part is that it appears that everyone invested/ investing is of the belief that FIRE will achieve sales/ revenue estimates and with current quality of product maintained and improved by a significant factor with the ultra premium, KK, oil, etc.
There is no reason to expect that we should anything less than double last quarter sales for current quarter, and increasing quarter over quarter from here through 2020....which appears to be the industry concensus for this company. We need to see the sales necessary to justify higher SP and trading volume, add the sweetest balance sheet in the sector and FIRE will meet or exceed expectations going forward, JMHO....Opt
theTransporter wrote: I look at total $ value traded and look how FIRE compares to the rest:
Based on the time of writing htis:
FIRE: $0.8M traded
WEED: $90M traded
ACB: $36M traded
APHA: $28M traded
CRON: $28M traded
OGI: $6M traded
Just look at the amount of money flowing into all these other companies and Supreme struggling to get a piece of the action.
This proves that NOBODY is interested in this stock and it's purely the fault of management. They still continue to fumble in bringing the money into this company!! I know you got your head up in the clouds but look at the stats I'm presenting and don't tell me the performance here is disappointing!
What is their game plan to change things around? THey don't have one because they do not know how to. They are inexpereinced when it comes to running a publicly traded company.