Supreme Cannabis Company Inc. (The) T.FIRE

I bet you there is another cash raise in the works

[theTransporter]

Everytime I have seen long periods of unexplained endless selling with huge asks with no end in site, it was always followed by a news release of a financing raise.

There's always some "in the know" before these raises are released.  They sell so they can buy into it cheaper.

I hope history doesn't repeat itself but this stock is on life support.

$62M market cap is far lower than when this company was waiting for its license!!

I do wonder what a $20M revenue quarter would to to a company with a $60M market cap?

[Method]

The financing already happened and you can buy the stock cheaper on it through FIRE.DB  

[theTransporter]

That's an old financing. Talking about the need for more money.  A new raise. Looks like the cananbis industry is green today but there is no hope for this to go green with the amount of asks and the selling that continues into the bids.  52 week low will be tested while any other cannabis stock is green and far away from their 52 week lows.

[maritimedreamer]

Trans, to probe your comment... what would they even need the money for then? Another raise would make no sense...... is your only indicator right now is the 2nd level asks vs bids? 

[theTransporter]

Nothing but pure historic patterns.  Good chance of being wrong, but just stating that everytime I have observed a long downtrend like this with continued daily selling and huge asks, there was always an NR shortly after that indicated a financing raise. If it's not the above, then I have absolutely no clue how to explain the logic behind this unless there is a general expectation by the

[johnale]

Transporter - look at the 3 mth chart - long steady decline into restructuring the debt.  method is right - the financing happened and it was the 100mil cash owed to the debt holders - which was raised through share issuance (at a premium (54.5cents on 63.5mil)  as for your assertion on revenues - that's what I'm betting on.  im betting their quality products at the

[Dunworkin2]

The problem, as I see it. Even if they hit a great revenue number at Q4, we go up say 30%, and another 20%. From 17 cents a share, we would be at 25, 26 cents. And then the sideways action, maybe another few pennies up at Q1 if Fire surprises again. For newbies that are getting in now, great. But if your cost is in the 40's (like mine is), I'm not expecting to be in the money for at

[Bever73]

I am not optamistic about next Q release...BUT i am thinking mmcap would not agree to accept worthless shares...so i bought more debs yesterday at 27.50 and will be selling my shares 4-6 months from now when mmcap pumps up the stock on an eventual turnaround in the company. 2-3 Q's from now look for a pump and dump....i will be one of the dumpers.....thats the strategy for now unless i am

[Bever73]

BTW.....i cant remember the math but buying the debs is like buying these shares at .12c or something.....so will be selling some or all of these shares 5 months from now between .10c- .30c.... quote=Bever73]I am not optamistic about next Q release...BUT i am thinking mmcap would not agree to accept worthless shares...so i bought more debs yesterday at 27.50 and will be selling my shares 4-6

[watchmeplz]

In my opinion, your classifying 60m as cheap? Are you kidding? There's tons, I'm talking double to triple digits of facilities/companies with a license in the 2-15m dollar range and with no debt, no problems, very narrow company focus and tight share structure. Why is this "cheap" compared to those? If anything this lost its mojo, doesn't have a focus, bought a trimmer while

[RealistGhost21]

They will need to raise money ortherwise they will bankcrupt.