RE:RE:RE:It's going to be a Long Road Quite the contrary. Historically the volume returns to the cannabis sector late August/early September. We will see a run up in stock prices as we head towards legalization 2.0 (extracts/edibles), and Q4 is to be reported on Sept 30 which if it pleases the market, could see a run similar to APHA's today.
Do you even still have shares in this company?
brentkosta wrote: The over 17million Dec warrants in the 1.70's will surely expire worthless. That wouldve brought in $30 mil that the company wouldve really needed for their english portfolio.
SH's will most likely need to wait until the new year before the share price moves.
QcTrader wrote: interesting perspective, id say FIRE will have its day much sooner than that.
20m shares next months? this month yes.
and then another chunk at 1.70 for december.
after that green sky with diamonds.
RealistGhost21 wrote:
For your information,
2 weeks ago the total number of share outstanding was 293 millions and as per July 26 it is 325 millions share outstanding.
The MC of the compagny went from $442 millions to approx $480 millions during that time frame.
Note: Another 20 millions share to be dilluted next mouths, ouch!
IMO, the SP will not break the $2,43 before Nov 2021 because it is where the 42 millions share from the last bought deal from last october will be dilluted (6% interest rate on those juicy warrants). Do not forget that Supreme negociated those warrants based at a capitalization of $1 billion at that time which did not included the last 2 acquisition blissco and Truverra.
Hope the next financial will clarify the total number of share that remains for dillution. Those who believed that Supreme should at least report revenues of $18 or $20 millions from last quarter are justified to think that after all it would represent only approx 3000Kg of weed which the compagny does not have any excuse to not have produced it since October 2018. But I think we will have to face deception once more with the incoming financial (i.e. only 2000Kg sold).
For those who think the purchase of shares by insider is a revelation are mistaken. Some insiders did it last winter and the financial from Q3 were not good only 1400Kg of weed sold.
For those who got and entry point above $2 will have to carry the bag for while.
Honestly I really hope I'm wrong and I which you all the best.