Supreme Cannabis Company Inc. (The) T.FIRE

RE:RE:RE:RE:RE:RE:RE:RE:RE:FIRE Shorts to Apr16/20

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johnale wrote: you said before that mmcap wanted shares of fire? 

I think they would cover a short on an equity issue. In that way, they would want shares. 

they just scouped 100mil worth of aphria before the great earnings. 

Was that filed somewhere? I would appreciate a link if you have one. Aphria bonds trade at 62.50 but they don't mature until June/24.

what happens when mmcap finds out fire will be able to pay for the debenture with free cash flow and some new debt issue. 

Probably cover the short (if they are short). They probably would only short a small delta. 20m shares is only $6m. I love your optimism/genius. 

does that not eliminate their need to hedge and short the equity?
would they buy up shares in the open market to establish the position they wanted?

See answer above. They don't need to be long the stock. They would make $56m on the converts going to par. That seems like more they could make on the stock.

I know the debenture was top of supremes mind over 1mth ago - and they were already formulating a plan. I'm sure they were negotiating already. 

I hope they are. I'm sure BMO is pressuring them to raise equity like they pressured HEXO. Probably why they filed the shelf last month.

I think the fruits of those negotiations are happening as you can see the shorts have significantly decreased activity in the last two weeks - even after the rise from 15-30 cents, 

It's hard to short 30 cent stocks. Its hard to find good borrow.