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Bullboard - Stock Discussion Forum 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 Discussion

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Post by Vulcan on Apr 15, 2020 2:53pm

thing about fire

could be shorts or.could just be the impatient.. constant selling into the bids. price doesnt move because they sell supreme short. apha should be a great indicator that the companies the operate with the right products and run effectively.. will do great.. . yet we go down.. shorts work effectively or people are way toooo impatient.. only other option is rookie investors with very minor positions sell short because 10 or 20 dollar loss is irrelevant.. with time regardless those that sold short will reqret the loss of opprotunity.. jmho cheers
Comment by Method on Apr 15, 2020 3:56pm
  I'm not sure if there is a lot of shorting going on but the incentive will remain as long as the bonds are trading so far from par.  FIRE.DB are offered at 32.5, they earn an 18.5% current yield so it offsets the borrow cost on the short, the only way to lose money is if the stock goes through $0.94 if it was fully hedged and most hedge funds wouldn't fully hedge. Now ...more  
Comment by OptGreen on Apr 15, 2020 6:04pm
Not to worry Vulc the shorts don't control shite, revenue and net margins trump everything so they can chase pennies in the interim. We just need to see those sales numbers come in and escalate as they increase to full production....there will be none of the smalltimers even thinking short. All the lowlife prattle will all but disappear and we will be lonely with nothing but an increasing SP ...more  
Comment by Vulcan on Apr 15, 2020 6:40pm
i look forward to the day.. when we are lonely without tge shorts. no prob.. maritime you me and many other bulls can all share info on the positive. and chat about the things we buy with our profits.. maybe when this virus is over we could have yearly bbq big party.. lol.. cheers
Comment by brentkosta on Apr 16, 2020 1:32pm
This post has been removed in accordance with Community Policy
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