RE:2 millions share diluted since last weekWarrants for the record:
$1.70 - 17,084,641 December 13, 2019 $0.32 4,511,904 April 23, 2020 $1.80 12,332,200 November 14, 2020 Those warrants being OTM is only a positve thing i
f Supreme doesn't need the $29M they would collect from excercising them.
No one here knows what FIRE's budget looks like over the next few months, therefore
no one can say whether this is a good thing or not. If they already budgeted for that money, you better believe share price will get smashed a lot worse than if another 17M shares were added to the float.
There's not one LP today that couldn't use more money, they all have skeletons waiting to come out, HEXO and TGOD are just the start, can you say without a doubt that FIRE's books are perfectly balanced without this $29M?
As you can imagine I think it's terrible that they can't execute these warrants and get some sweet cashflow.
They'll also end up screwing over the original investors who were given those warrants as an incentive to take on such a huge risk, but then again Fowler proved to be really good at screwing over investors so I guess I shouldn't be suprised.
RealistGhost21 wrote: Supreme total share outstanding is currently at 354 millions share. IMO, not only the sell off is hurting but also the dillution. I guess all the warrants at $0.40 cents CAD expiring in Feb-MArch 2020 are exercised currently.
I expect another solid devaluation in the comings weeks. Probably around $0,40 or $0,50 cents CAD.
Things could be worse folks, imagine if the price would reach $1,70 CAD a dillution of more than 17 millions share would smash us.
Long play here be smart.