RE:RE:jmho invest in fire It's actually $100m in converts that are due in October 21. Weird accounting rules.
If you are considering buying the stock but worried about the convertible debentures coming due, just buy the debentures and you make 30%+ current interest and get $100 for every $27 invested next October as long as the company is still around. That seems like a pretty low hurdle for 4x your money when you are actually considering buying the stock.
The beauty of the converts is they don't have to achieve profitability but just get close enough that someone else thinks they can or just act as an entry into the Cannabis market for a global tobacco or liquor player. It doesn't matter as much what price the equity clears at but we all hope they get very rich.
FunGuy88 wrote:
vulcan123456789 wrote:
do your research there are so many positives with supreme.. new products .quality.. cost efficiency.. I can go on.. those saying dont buy are shorts.. they have their own self interest.. keep stock down.. to short.. when this goes it will cost a lot more to get in.. the shorts will only cost you money if you wait too long .. it's a great price to build a position.. do your own research.. make your own decision dont take advice from anyone here ..jmho cheers
I am not short FIRE, I just don't see a path to profitability. The canadian cannabis sector has been pretty messy for quite some time and there are many companies in the same situation.
Vulcan, can you elaborate on what exactly is going to turn things around here? I have seen seen positive product reviews, but that doesn't necessarily translate into sales. I see $84M worth of convertible debentures due in October 2021 and no way to pay that back.