RE:RE:RE:need a discussion hereThe "or" joh, March is basically the first month that guidance estimated the production and sales to start gaining traction with most all of the shift to CPG in place and H&F on the ground managing shelf location and pricing.
With the facilities completed and full production can be achieved for the first time in the company's history....the full product menu is coming on line and new product in the pipeline to shelve going forward.
As sales ramp up and plant/ equipment expenditures minimize there will be plenty of cash to reduce debt, buy back stock and restructure debt going forward. If operations can continue through Corona, profit realized in the next quarter or two the company will be in very good shape by mid 2021 to optimize debt reduction and SP growth.
The ability to continue operations through the Corona period is not only key but should be the biggest boon the sector could have hoped for and FIRE is positioned better than most to capitalize grow going forward. JMHO....Opt
johnale wrote: I think having the prospectus gives them some negotiating power to refinance and extend term or - some funds to buy below par convertibles.
with free cash flow able to cover the rest/maybe even some of their credit facility.
buy the convertibles for 4x your money. (Interest plus capital gain from 25 bucks) betting the debenture will be paid in cash at maturity. protect against possible large dilution.
or
hold the shares betting that the debentures will be refinanced - and the shares will appreciate considerably with profitability and de-risking as convertibles are taken care of.