RE:RE:RE:RE:Supreme Adjusts EBITDA to Make It Look Like They’re Making $Agreed it is a fact that they are not yet realizing profit but who would expect them to at this stage of the game...FIRE will realize profit, and on the complete accounting with no need for the EBITA advantage and long before most, if not all. The SP will go up and down on most days like any other stock that is trading.
Neither the SP closing down a penny or that they are not showing profit out of the gate are significant or of any conseuqence in the future of this company...the sun came up today, can't guarantee the same for tomorrow either but I will wait and see before I jump off the proverbial cliff.
Today's trading and any year old prediction are completely meaningless and have no relevance to the future preformance of this stock or it's SP, JMHO...Opt
RealistGhost21 wrote: I bring facts and you speculation OG. They are not making profit read their Q4. Plus the SP is going south since and the most investors do not want to be part of that compagny. There is a reason why the SP is at $1,38 and the trip South is far from over unfortunatly. Ask Zandberg the campus analyse who OVERVALUED the SP at $4,50 in Sept 2018 and he this pseudo analyst is doing the same again this year lol.
OptGreen wrote: Now "not making profit" and a $0.90 entry point, you are not even on the page RG. Have look at last Sept estimates for ACB and WEED, I don't recall anything near a 50-60% drop in their SP.
FIRE did not perform and as necessary changes/upgrades were made and are underway, such as inhouse packaging and distribution, Dhaliwal came out with clear and specific guidance for estimated near and longer term performance.
While WEED and ACB may be lucky to meet let alone better their 52wk highs by Sept 19/20, it is much more likely that FIRE will be close to and better their current 52wk high. But $0.90, man, if you hold any shares you better look at selling, JMHO...Opt
RealistGhost21 wrote: Thats right. They are still not making profit. They report $14 millions lost for Q4 and for FY they got $61 millions in deficit. To make a long story short the limits capacity of this compagny je toi small and doesn't attract confidence and probably never will. So far the market is right and the SP is heading South. IMO, a safe entry would be $0,90 cents not $US of course.
AwareInvestor wrote: The Supreme Cannabis Co. made good on last month’s projection that they would do $19 million in sales in the quarter ending June. FIRE hit the number on the mark. Having grown their SG&A expenses only slightly since the last period, there’s a case to be made that Supreme has successfully scaled, but they don’t make it easy to tell.