RE:RE:RE:RE:RE:RE:Not even able to sale their productsAgreed joh, Beena is going to get much more aggressive on the debenture and outstanding share excess but that is going to take green and time so maybe a combination of your scenarios but whatever the case she will be on that end as funds are made available. I think the timing of her taking the reins, the NRs, Israel sale, new product lines, etc all coming early in FQ4/20 on top of current quarter being the first quarter with the fully operational facility availbale, the strongest position ever for the company, affords her the best of all options to get this company up on the step and planing and able to generate the cash flow to bring the balance sheet in line....we need to be in the $35-40mil range per quarter from here on at a min to touch things up and start getting this company to where it can and should be.
You are too kind on meth though, I would be surprized if he ever held .DB but his constant drone that longs sell common and buy .DB is just a different short angle.
It will be managed in a reasonable and successful way from here on....all the potential that the company was ever going to have is all available right now and I think Beena sees and understands the situation very well. We and those that own are in for a very healthy change all around, JMHO...Opt
johnale wrote: I think methods logic is there - If you believe in the company - the debentures pose a great investment from a return perspective. and method believes he will get a liquidity event by maturity.
Given the recent action on debentures in the sector - looks like there has been an effort to eliminate them - albeit the maturity date of these debentures were much farther into the future. But they have been taken care of at generous discounts to par and in some cases - with shares at a significant premium.
so there is something going on.
there is 3 scenarios -
1) supreme starts to buy the debentures below par SIB would be announced. with cash/debt or ATM - slowly reducing to debenture amount to maturity.
2) supreme eliminates part of the debenture with shares at a premium/cash and below par. negotiated reduction. like others
3) The maturity date is extended. (i have a suspicion this may be the case)
given covid and all that has happened - it is posible that the terms are not changed and the maturity date is extended - giving supreme more time to deal with them - when they are in a stronger financial position.
in any case - I think it can be managed in a reasonable way - and given the sweet deals other pot companies have been getting - i think there is a softening.