Supreme Cannabis Company Inc. (The) T.FIRE

-7% today....

[bever64]

So mmcap is either shorting/selling / or not "protecting " their large equity position.... You might think with such a huge position they would not allow downticking by .05c in the last few seconds of trading...but hey; maybe they want it to go down or know something bad is coming down the pipe

[RReis09]

Painted At .13 at end of day? Paint it at ask @.14 And were even....

[watchmeplz]

and if this was a year ago itd be $2. lol.. good one. 

[RealistGhost21]

It is not going to be better too.

[theTransporter]

As insiders (due to siazable position), any transactions they perform will be disclosed on an insider report.  although it seems like they are selling endless numbers of shares breaking support levels. It's going to be a long 3 weeks until financials.

[Method]

  it just seems like a bad take that MM is doing anything with their position. They put Beena in charge, the debt has been restructured, EBITDA is supposed to be strongly positive starting in the December quarter. It makes no sense for them to pee in their own soup. Investors who bought in for excitement/price momentum and haven't done any analysis could definitely be discouraged

[theTransporter]

So if MMcap isn't selling (which we would know about through their mandatory requirement to report it), how much equity that was created was NOT in the hands of MMCap?   there has to be some sort of limit to how many more shares can be dumped like that.  I haven't done the math but we must have churned through 20 million shares of volume since the shares were released

[Method]

It's all marginal selling. Not all of the trading would be related to the initial convert conversion. There were also two ETF removals.   A lot of long only probably share your frustration and are moving on to other stocks that are "working".  I think talking about the amount of stock as a ceiling isn't particularly helpful since it's not a lot of dollars to eat

[johnale]

What about all the 4pm trades MOC for 500 shares to drop the closing price to the ask. It happened all week -  investors get tired and discouraged when you see that kind of action on top of the selling.  I get the incentivization to start pumping the stock - but that better happen in earnest post November 9th.  Once the dems win nov 3 (and de-crim marijuana on the horizon

[vulcan123456789]

I totally agree john.. it being held down for accumulation.. prior to q1 and q2 .. I exspect the turning point to be q1.. and then some nice growth on that throughout q2 and onward.. I like q2 around valintimes.. it's just a nice time of yr to get positive results and we should be sitting in a much better place...jmho cheers

[Method]

MOC orders are usually ETFs. No malice, just indifference. Strong numbers will hopefully be a catalyst for a change in momentum.