RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FIRE Shorts to Apr16/20 I think the shorts saw the preliminary shelf filed and double downed.
but I contacted supreme about it a while back -
this was the response:
based on this - I don't think the shorts are going to get what they want in the near term - and we are shaping up for a future squeeze IMO.
Thanks for the questions on this.
The company does maintain a strong liquidity position and has the capital necessary to execute on all identified opportunities. Like many other companies in our space, management considers it a good corporate practice to have a shelf registration in place. If approved by the OSC, it is not necessarily something the company needs to use.
At this time, the company is not announcing any financings but continues to monitor market conditions and look for opportunities to maximize value for all stakeholders. If the company files a final shelf prospectus and chooses to offer securities during the 25-month period, the specific terms of an offering would need to be described in a prospectus supplement related to the shelf prospectus. At this stage, this is simply a preliminary shelf prospectus and it still needs to be reviewed and accepted by the OSC before a final prospectus can be filed.
Right now, there is no defined strategy to communicate, it is simply prudent to have a registration in place and to have that optionality in the future. I can assure you that we have a very experienced leadership team who is focused on prioritizing its shareholders’ best interests.