RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FIRE Shorts to Apr16/20Like I said and you couldn't wrap your tiny mind around the first time,,,,I, along with many, have sat and listened to the self proclaimed elite waste time telling everyone how brilliant they were over several meetings, of which cost more in fees and expenses than an upper end middleclass yearly income, and in the end, once past the bullshite of the lost we ended correcting situations and winning the cases, one was a precedent setting case.
I am invested in the company....why would I lose money to invest in .DB? Hardly rocket science but I want you to keep up, as I would like to see .DB do great as well. It will generate cash and there will be those that want the security of .DB and it is all good for the company, which should be best found on the .DB board
You whine about the shorting and how FIRE is in trouble...the facts are the opposite as shorting of FIRE has been trending down ever since the company's restucturing and guidance Dec5/19.
Now it is they are not going to make because they are out of cash with no facts/ back up of course..... "
Fully funded to execute on all planned initiatives." from the Feb13/20 update. Not that I give a shite what you do but when you fadricate facts and try to sell fear you need to be called out on it....you sound like you are short but then again, you may be bright enough not to be shorting.
I am not worried so you can sleep well and you are the one that needs the confidence, I don't have to try to spread fear and bullshite. Everyone needs to do their DD and buy, sell, hold or nothing at all. All the best to those that own, especially the longs, JMHO...Opt Method wrote: The burn rate has been high versus cash on hand to date. They spent $60m so far this year between negative operating cash flows and capex which is more cash than they have on hand. I think they will reduce their cash burn with the restructuring and slow down on capex but recall the context of my statement was that HEXO was also forced to raise equity despite having cash on hand.
All that BS bravado about shorts is hilarious. It's like you don't even understand how bonds work.
I'm not short, never have been short. I am not long equity and the only way I will be is if the convert holders are forced to take equity to pay off the convertible debenture. If that happens it will be at much lower prices. I will guarantee you that I will not be trying to buy shares in the open market so you don't have to worry about selling them to me.
It's too bad you don't have more confidence in your forecast, you could own FIRE.DB, make 300% and give yourself more margin of safety. That being said, I still hope you are right about revenues and cash flow going forward. I want my money back.
OptGreen wrote: Still at it there Meth, time is running thin for this bullshite as sales numbers will be starting to come out over the coming weeks....and I know you are 'hopeful you are wrong' because you keep spewing that vomit daily as you try to spread fear.
The shorting of the sector et al has nothing to do with FIRE, of which their short action has been dropping off since Dec/19 restructuring/ guidance, increased sales and execution of their business plan...most in the sector, like APHA and many others in much worse shape see their short volume trending higher because, besides the entire economy being under pressure and retracting, they are not positioned for growth and profit realized in the near term.
"the burn rate is high"? Relative to what? They have reconfirmed they have the cash they need in the near term, with a significant increase in revenues ramping up starting in the last half of last quarter.
FuKk with the bull and you will get the horn, you shorts are going to get what you deserve and I won't be selling you a share, JMHO....Opt
Method wrote: They had over $100m in cash at the end of last quarter but the burn rate is high.
FIRE has also has a high burn rate to date. Hopefully, you are right and they reduce that burn rate going forward. I'm sure HEXO is trying to do the same.
johnale wrote: hexo is running out of money! they raised money in a last ditch effort to stave off bankruptcy. it's a completely different situation.
Now your talking about a more reasonable risk adverse approach. with regards to supreme.
small raises after each quarter and start buying the debentures below par.
that's a reality that equity holders can live with - and allows the equity to rise should revenues reach levels expected.
if revenues are rising with the new demand reality in the sector, and new products being put out - and fire becomes cash flow positive - then all bets are off on what they need to do.