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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 KingBagholderon Feb 08, 2021 11:35am
192 Views
Post# 32500945

RE:RE:RE:Manipulation by MMCAP stopping this from taking off!

RE:RE:RE:Manipulation by MMCAP stopping this from taking off! We're working from the assumption that they have a fixed amount of shares, and once they have no more, that's it. As I'm sure you know, a common practice from these funds is dumping tens of millions more dollars into shares, hitting bids to take them out and slowly walking the price down gradually. Why are we assuming they're just going to throw in the towel once they've gone through their initial float and not commit any more capital to holding their position. 

I feel like they're well aware that the reddit crowd isn't going to stick around for months on end at .30c, especially if earnings hit, and they maintain their ceiling. People will get fed up quickly and bail. 

johnale wrote: There is insane volume. Eventually they will run out of shares and we will fly to the next tier. Thursday should be solid and keep the momentum.


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