RE:RE:RE:RE:Q1 : Nov 16 after closejohnale wrote: I guess we'll see.
but in saying that - with mm holding 28mil of the debt - and another x-millions holding in Longs hands - eventually will the trading float of these debs just get really small.... (as traders keep flipping some to equity)
add a more stable buisness - and maybe some investors will look a little more favorably to fires debt - seems to me like it could move quickly.
then the equity will follow.
I'm not expecting any of the Board or Beena to back up the truck, but then again, if she feels as strongly about Supreme per the quote below, why would she not back up the truck at these prices? I'm sure they will reward each other with new, cheaply priced options. But I would like to see them buy some equity in the public market, call me old school, but real leadership will put real skin in the game.
"To close, I am encouraged by the speed at which Supreme’s transformation is unfolding. We are on a solid financial footing, fully-funded to execute on all our planned initiatives. In fiscal 2021, I am committed to leveraging these advantages to capitalize on value creation opportunities. While I acknowledge the frustration and disappointment some shareholders are feeling, the progress we continue to make – though not yet reflected in our share price – is genuine. I am confident that Supreme is built to last, and the positive changes we made will manifest themselves in robust results and ensuing shareholder value. I want to express my gratitude to our Board for their valued support and guidance and all of our employees for their dedication, resilience, and ingenuity; you have been instrumental in transforming and positioning Supreme Cannabis for sustainable profitability, revenue growth and value creation. I also want to thank our shareholders for their ongoing patience and confidence in the Company. I see a clear path ahead for Supreme – one that will benefit our investors, consumers, and employees"
Beena Goldenberg