Supreme Cannabis Company Inc. (The) T.FIRE

i’ll trust bmo

[Irie99]

not herbs on a sh board

[brentkosta]

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[Vulcan]

bmo or any bank does not give out money in hopes of taking assets.. they dont mortgage homes or bus to try and acquire assets.. i agree i trust bmo have done due dil Jmho

[brentkosta]

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[Irie99]

don't be naive. no bank is lending to cannabis companies on the very amenable terms fire received. bmo is savvy. yes the loan is backed by assets but that's exactly why this is undervalued. buy now and this is an easy double by this time next year once ontario gets off its duff.

[brentkosta]

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[George141]

are you saying a dead clock is right twice a day?...how about the mental patient found polishing his peanu$ with black shoe polish.."hey Jack we told you when Eastern Standard time kicked in "to turn the clock back"...

[watchmeplz]

Imo, This isn't good at all. It's the last chance. If it was some easy to get financing why not convertible debt? Or just a simple loan, with not giving up your entire asset? Get a loan with no assets attached and just a promise note to pay it back, then I'm impressed. You think the bank doesn't have covenants to not allow anymore financing to take place without their authority

[Go0B3r]

WhachtWaffles, if they went the other way than you guys would be all over how they are diluting at shareholder value.  This was the right move, and shows how serious they are about the business.  Why dilute with the cost of 13+% interest when you can get an equity loan from the bank for 5-6%?!  Also the load was given on a construction basis, and is closer to the 40-50% of the value

[watchmeplz]

In my opinion, Convert debt doesn't equate to 13+% nor does a promissary note, nor does a private placement. Oh wait, we all know why they didn't do any of these, it's because no one would loan on any of those terms or would want to. The last possible solution was asset debt and securing the whole facility, this is a Hail Mary last ditch effort move, not because it was favourable. Do

[brentkosta]

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[OptGreen]

I see what it is now bk, fresh out of 'double nut' spy school...any sign of Jethro Bodine, or just the paintings on the wall? I forgot about watch and the rest of the cakes, you are definately in the deep state of bullshite now. It is plenty clear on the value of this company when it is blessed with such a distinguished group of the Bodine alumni even watch....very good, I was beginning

[brentkosta]

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[OptGreen]

Just a short version of cupcake bk, the soft, weak and bad for your health....groupthink of the dysfunctional and irrational, the trolls of the strong and the free that invest their hard earned green. Like a blight or a cancer. After realizing the level of bullshite prattle it is just too much time wasted on the bottom feeders as it is so I just shortened it up, more of a time thing is all. JMHO.

[maritimedreamer]

glad you clarified Opt otherwise i was seeing this..... lol Cake (Slang Meaning) Cake is a slang term which is often used to refer to a nice fat a$$ on a girl. Numerous hip hop artists have used it in their songs, in Kid Ink's "Bad A$$" song, he raps "Now then let me see that cake, cake, cake, like Entenmann's - A$$ up, gon&

[OptGreen]

Not at all md, I would never disparage the female anatomy and while I definately have my preferences, even a more than ample caboose could never be denigrated to the level of relentlessly trolling of the honest, decent folks with real concerns about their investments. No quite the opposite, the cakes here have zero value while the cakes you refer to can be priceless but in any case all have value

[jfogarty12]

You are funny Opt my boy --     and the most optimistic of all the folks on here just to let you know I made the mistake of getting back in @ .56 cents  guess  waiting another week or so would have been better .....48 cents sucks -  how low can it go?

[OptGreen]

It may be more that I am less pessimistic jf, no way to tell how low they will push the SP but when they start to move it north holding short is going to be costly. I sold off most all other pot stocks that I held early on and focused on FIRE because it was totally focused on quality, state of the art facility, with most efficient growing hybrid facility, 10,000ft grow rooms to manage/ minimize

[Vulcan]

opt is very well informed ..i agree fully with his perception.. we will see big changes in quarters to come... your buy back in and current price..lot of that could be market reactions to coron virus.. trump impeachment.. effects on china and eventually global.. who could predict that 2 months ago. All stocks affected.. supreme is not to blame for everthing jmho

[maritimedreamer]

you should understand 1) BMO will not secure the asset at 100% (not in the business of repo) as i suspect they may of done 50-80% loan to value. 2) Supreme's application strength is much more to do with their financials and ability to service the loan then the asset collateral itself. The bank prefers to be paid then not and have to deal with the collateral...... clearly BMO saw potential as

[theTransporter]

Aphria had to raise $100M through a dillutive bought deal.  This means they were unable to secure additioanl tier 1 credit.  I'm sure they have assets to like Double Diamond, but obvioulsy lendors did not grand them a loan for whatever reason.

[brentkosta]

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