RE:RE:RE:RE:RE:MMCap just filed...Agreed joh, this looks pretty decent all around on minimal info with more on the way....when everybody involved is pulling in the green, incentive for all to maximize returns, that's what wins are made of....we will be getting more info in a few weeks so we will have a much better picture.
It is going to be driven from here on by the time it takes to get full production shelved and rotating, along with plans for 7acres: West and Beyond....both THC and CBD oils are getting plenty of attention lately for aches and age, sleep as well.
There is just about nothing that has the growth/profit potential that this product line has going forward and the best part it is 'green' organic product with very minimal negative concerns and/or side affects...this is going to be very good from here on for those that own. JMHO...Opt
johnale wrote: With the conversion price so low - everyone is on the equity side pretty much. Just a matter of receiving a coupon and some extra debs or not.
but their 28.27mil in debs converts to 77.478% of the outstanding.
If you convert that to the shares they would have received From the debt swap - it equals just over 90mil shares - which is exactly what they have!!!!
so..... these bs narratives by the prattle was not true ie
1) MMCap were NOT short shares before this deal - and if they were they covered on the open market.
2) they are insiders now, majority owners, and for them to sell or buy shares they would need To file. They are also part of the blackout periods!!!
3) they have inside information on sales data - and agreed to this deal and took a whack of shares knowing where beena was going.
4) they need .41 cents/share to break even on paper.
5) given .33% of shares are locked in by MMCap - the float of trading shares is waaaaay lower.
if anything - we are at risk of getting sold out - because if someone comes in with an offer for .41 - you might get MMCap jumping on that.
6) the sell off we have had is from some portion of the 23% of debt holders selling off shares, and shorts who are just being sharks, and arbitragers and HMMJ.
no regard for the real value of supreme - but as you can see, you have a fund backing this company in a really big way.
that is a big positive in my books.