RE:RE:RE:RE:RE:FIRE Negative Sentiment Agreed Trans, FIRE is trading at FMV on volumes that relects reality but more importantly is the market is showing the weakness in the rest of the sector and these unjustified SP levels can do nothing but fail going forward, why would we want that for FIRE?
As long as Fowler/ team reasonably meet and maintain current targets/ estimates starting this quarter the SP will increase on sustainable valuations.... sales in the $25mil range for this quarter along with 60-80,000ft2 approved and under crop and we are in the $3- 4.00 range, a sustainable valuation, add breaking ground on the ultra facility and maybe some KK growing, oils domestic and Medigrow and we are sustainably further north from there.
If they stay on track and meet or exceed going forward I see the largest % gain on investment in the industry and I see much risk in many of the rest...I do not see anything that compares with FIRE let alone betters it over the next 10-12mos, as long as they meet or exceed their current targets and we should expect and accept nothing less, especially for the many years of belief and support of this company, JMHO....Opt
theTransporter wrote: Nobody is arguing this isn't an excellent operated company with a solid vision with great execution. They just suck at translating that to their valuation and to the investor community.
This company is valued purely on their current revenue with absolutly zero consideration for future funded production potential revenue. Something all other LPs are presently valued at, and some values that do not even make sense but still have made happy shareholders.
If institutions were investing here we wouldn't be stuck below $2. In fact, we're under $2 as an institution dumped a boatload of shares in a MOC order a few weeks ago. No response by management on that which I think was a mistake.
OptGreen wrote: I am going to take a wild one and assume that I am one of the two non negative posters you refered to earlier and I have to agree with you, it just blows my mind that anybody that holds a stock/ company in such distain would not sell it and invest in something they feel is that is worthy....and to waste their time bich'n and moaning about that assumed loser on a BB, I do not understand. Now if it is some weak minded attempt to coerce weak hands with an insigificant lot of shares to sell, this will have zero impact on SP and one could do better on the dips whithout the nonsense.
I can relate to the inaction perception, to a degree, after 4yrs+ of building and not being ready for much better sales post legal rec, which pizzed me off as much as anyone but the planned growth/ sales targets remain the same for 2019 and beyond. I have my asssumptions as to some of what caused the weak showing for last quarter, but the roll out of the market place is not any further ahead and the sector is weak overall, with many of the smaller comapnies lucky to survive at all....the big players now have much work to maintain and grow from here, 2020 could see a very different lineup sector wide.
Everyone is entitled to their opinion and will make their own choices and whether they buy, sell or hold FIRE I wish everyone the success they are looking for, with the exception of the cakes of course they deserve to drown in their own shite.
I like the SP stability of late, trading in high $1.80s to mid $1.90s on low volume is FMV at this time, with little manipulation suggests to me that the worm may be about ready to turn...with material news soon and reasonably meeting current estimates/ targets from here on and I won't be selling any time soon, JMHO...Opt
brentkosta wrote:
MaxTMaxT wrote: as long as people continue to apply negative pressure on the stgck in order to acccumulate.......it will tread water..... until a major news release
What "major news release" are we wating for though? This company isnt built to have major breakthrough news. Maybe we can hold our breath for a big partner to invest in us? Not likely, though. Why would they? What does FIRE offer a large partner?
Fire has grow rooms to NR. Maybe commencement of California facility? Maybe Lesotho updates? They dont have too many Irons in the fire from my perspective.
They are running this company like a dividend stock. Not like a growth stock. So holding a small amount isnt a terrible idea. However in this industry, i'll personally go for hype all day until the hype is gone. About 3-5 years from now