Supreme Cannabis Company Inc. (The) T.FIRE

It's a great deal for US

[Pedal2themetal7]

Can't believe reverse split is being mentioned, it would be suicidal to even contemplate such an action, we're a penny stock, if they would go ahead with it might as well flush your investement down the toilet.

Look at what's happening to Aurora, they're no further ahead then before the split, initially the big boys manipulated the stock to recover their losses, but look at it now, just have to divide by 12.

Buy back I believe is always a good move if the company believes it will deliver. Supreme needs to grow organically for quite some time, gain traction within the market, inspire retail investors to come onboard and if successful institutional investors will slowly have a look.

The NR today is good news if followed by acceptable financials, if they show profitability going forward it could become a slow but steady growth stock. IMHO

[vulcan123456789]

there is not mention of reverse split.. other then few people here.. I dont believe our share count to be exstreme. what's the share count of other lps. from our current position we increase sales 50 percent in near future that more than makes up for share dilution. you can compensate for more shares through profit and sales. later on share buy back dont see RS in the cards..jmho

[OptGreen]

Very good point Ped and exactly why a RS is a tool for Beena/team...ACB was struggling to stay afloat and still has plenty of work to do, FIRE on the other hand is in the opposite position. i would like to see them buy back a boat load on the cheap before they start to generate better numbers and push SP north but the cash earned to buy comes at higher SP levels. Moore and L Brier and now Beena

[Method]

You do the reverse split because it makes your stock marginable and more attractive to institutions assuming they are indeed heading for near term profitability. But lots of people think the way you guys do though so it's a relevant consideration. Good luck everyone. 

[johnale]

Yup - the runway is free and clear now. Limited debt risk - now it's about growing revenues in a growing market.  The funny thing is if you average the 63.5mil at .545 and the 36.5mil at .285 -  avg is .45 cents a share......  exactly supremes current Net asset value.  so the major debt holder recognized the real value of supreme - and agreed to convert debt to

[brentkosta]

This post has been removed in accordance with Community Policy

[johnale]

Well let's be honest here - the biggest shorts and manipulators were MMCap - who now have a couple 100mil reasons to be big cheerleaders for the equity.  They want their 100mil dollars back - and The only way that's happening is if the share price goes over .45 cents a share for a sustained period - where they can start to Offload - if they choose to.  If supreme can start