RE:RE:RE:Sorry GuysA bit off here Sis, I think we could easily see $30mil in report but depends on where packaging capacity is for the period....also it could be $30, $20 or $10mil and for FQ2/20 and still meet guidance. Targets are backend loaded for the latter part of current quarter with the bulk of sales to come in FQ4/20, so even if FQ2/20 sales are $10mil they do not miss on guidance.
The market is not punishing FIRE for anything, the NA markets overall were down yesterday -277DOW and -102TSX due to Corona spreading and China lying about severity...the sector was down mainly on ACB mess, including FIRE manipulation as usual.
There is no formal indication to date of where sales for FQ2/20 will be and based on no specific guidance for FQ2/20 it is pretty hard for it to be missing anything....guidance is sales of $120- $180 for the FY2020 with the bulk of sales realized in the last part of current quarter and majority coming next quarter.
Where is there FIREnews on guidance other than the last affirmation from Moore/ team, none and until Moore/ FIRE make changes guidance is on track, JMHO...Opt
Systematic wrote: Good write up Pedal, but you guys are selling yourself short or basically admitting that your expecting a bad quarterly report = expecting 15 million and opt is expecting 10 million? No freaking way, if Supreme doesn't come out with at least 30 million plus this Thursday expect a revision on guidance and down goes the share price. if Supreme waffles Thursday the market is going to punish them. Again, Pedal's post summarizes the goods well and I see all kinds of synergies in the system but I will not invest in Supreme until I read that report on Sedar, if the quarter is fantastic great, but I'm willing to leave the potential 15 to 20 percent on the table to ensure next Thursday isn't fluff. Let's pray for a good report and lot's of positive words.