Post by
theTransporter on Oct 07, 2020 9:54am
Wrong direction
As always, FIRE moves in the wrong direction.
Sector is moving onwards and upwards into green terrority while FIRE just wants to go into red. Endless selling just continues with no end in sight.
Even if Q1 may be good, if it doesn't bring in the buyers, the sellers will dominate and control this stock. Remember, 120 million shares were given for free to DB holders thus endless cheap paper that doesn't care where they sell.
Comment by
Method on Oct 07, 2020 10:12am
The 116m shares weren't given "for free" to debentures holders. They paid off $63.5m in debt which was cash used by the company to build the existing business. Equity holders came out ahead on that trade as those shares are worth $15.7m right now.
Comment by
MoneyTalks7 on Oct 07, 2020 10:20am
Exactly right Method, thanks so much for bringing it to their attention
Comment by
Method on Oct 07, 2020 10:30am
That makes sense. They got in there for the arb and aren't long term investors. New money should go into FIRE.DB. Maybe every half cent move matters less if collecting over 2 cents/share in interest per year.
Comment by
puppymonkeybaby on Oct 07, 2020 10:44am
I was one of them that sold shares upon unlock. What would be the point in holding equity of this stock for the forseeable future? Method, what are the tax implications if I hold the DB's in my tax free savings account? Will the coupon be mailed as a cheque? Or just sent to me outside of my TFSA with a promise to pay tax on it.
Comment by
Method on Oct 07, 2020 2:25pm
You have a lot of advice for people for someone who doesn't know the basics. Just like most investments held inside a TSFA, the interest will be paid inside the TFSA and will be tax free.
Comment by
puppymonkeybaby on Oct 07, 2020 3:27pm
I've never given financial advice to anyone in my life. Do not confuse my perception of a trash company and poor market conditions to be "advice." You on the other hand... you've been urging people to buy DB's for quite some time. This advice is showing to be poor, no? Thanks for the info on the TFSA. Even if it came with you being a cvnt.
Comment by
Dunworkin2 on Oct 07, 2020 11:00am
And with 487 million shares out, this is looking to be sideways action for a longgg time, even if revenues do increase 30% QoQ.
Comment by
vulcan123456789 on Oct 07, 2020 11:28am
totally agree trans. we do well enough share count means little.. as well the more longs take advantage of these prices the more shares held in strong hands.
Comment by
George141 on Oct 07, 2020 12:43pm
..I sure did..have enough shares to pack 2 mules...now we wait for the good news...and when they come..I'll trade the mules for a nice brand new truck...and a travel trailer.
Comment by
puppymonkeybaby on Oct 07, 2020 3:20pm
So much for strong hands, eh? You, the power bottom and George, the otter are just dying to dump those shares at the first site of green.
Comment by
vulcan123456789 on Oct 07, 2020 3:27pm
many are of strong hands.. but theres nothing wrong after a decent rise to partially unload..
Comment by
puppymonkeybaby on Oct 07, 2020 3:18pm
The only real difference between these companies and Supreme is that people want to own those companies. There is zero demand for Supreme. Other than that, you're right. Good stocks will move regardless of share structure.
Comment by
theTransporter on Oct 07, 2020 3:21pm
Of all the constant verbal diarhea you spew on this board, I'm surprised that for once I agree with you on this one. Supreme simply doesn't have the market's interest nor are there people who actually care to buy this stock, otherwise we wouldn't be sitting at this level. All the asks would have been hit with heavy buying whcih clearly isn't the case.
Comment by
puppymonkeybaby on Oct 07, 2020 3:34pm
Happy you agree, Transporter. Its a bummer you didnt have the sense to listen to me at $1.70/share, over a year ago. Had you done so, you wouldn't have watched your 6 figure investment turn into 4 figures. You, like Vulcan and Opt are a few of MANY whom have allowed their enormous ego cost them a ton of money
Comment by
vulcan123456789 on Oct 07, 2020 3:58pm
nothing to do with ego pup.. have time time to wait and the money to keep buying.. you see I change my situation without loosing .. cost average down and when it goes up the reward is much larger. let me ask how the exspert like yourself could possibly not know money made within a Tfsa is tax free. here you go puppy knows little.. hes going off the short handbook.. lol
Comment by
maritimedreamer on Oct 08, 2020 7:17am
hey johnale, when was your conversation with IR? was it relatively recent? I wonder who is the point of contact over there now that madelin is gone..... They must know they need to start helping their stock price with substantive NRs.... you know drum up some interest on this stock. It is very much needed
Comment by
theTransporter on Oct 08, 2020 9:54am
I don't believe that one fu.cking bit! The sector once again is moving and this piece of sh1t just sits here like the dud it is. NOTHING from the company whatsoever to demonstrate they are for once looking after shareholders.
Comment by
puppymonkeybaby on Oct 08, 2020 10:37am
So negative. You should be more like Vulcan. He's not worried one bit.