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Supreme Cannabis Company Inc. (The) T.FIRE

The Supreme Cannabis Co Inc is a Canada-based company engaged in the production and sale of medical and recreational cannabis. Its portfolio includes products that address recreational, medical, and wellness consumers. Its brands include BlissCo, Truverra, 7ACRES, Sugarleaf, and Hiway.


TSX:FIRE - Post by User

Comment by watchmeplzon Jun 08, 2020 1:08pm
115 Views
Post# 31124808

RE:RE:RE:RE:RE:ATM for May

RE:RE:RE:RE:RE:ATM for MayIn my opinion, no retail investor knows on any run their investment is goong to be going into a loss by their very own company blowing out shares. Also, I never once said credit facility to be used against debentures that's completely fabricated from your mouth 


Method wrote:

Why would I feel bad for retail investors? They know what they are buying. I pitched my thesis that the debs are better but they have made their investment as they see fit. Everyone investing in FIRE equity is a grown up.

The company needs to raise money to pay off the debentures with equity/cash flow now or later. Might as well get started. 

They can't use the bank line to pay off debentures without permission from the bank so those funds have to come from elsewhere. All filed on SEDAR. Nothing to wonder about. 

You seem to make a lot of illogical inferences with publicly available information. 

 

watchmeplz wrote: In my opinion, don't you feel sorry for all the retail investors that get dumped on by their own company? And dilution is not less when the sp comes crashing back down with millions more in the float, just crowds the pool more. I wonder what happened to undrawn credit, maybe the bank withheld those with some special conditions?
 

 

Method wrote:

Sales are limited by percentage of volume and volume was highest when the stock was at the highs so that should be expected.

Also, it is a nice move for the average shareholder if they get the highest price because there is less dilution.

i hope they are still using the ATM this month. They need $100m for the FIRE.DB. $1m/month is a drop in the bucket. Every dollar helps.  

 

watchmeplz wrote: In my opinion, it's funny if your check the avg share price the only possible way the company raised that at such a high average is to be dumping right on the peak of the run up, May25. Nice move for everyone but your average shareholder. Seems like they need more cash and working on the same move today. 

 

 

Method wrote:

They filed the ATM on SEDAR for May. Raised almost $1.1m. 


Good for both equity and debentures, I think. 


 

 

 




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