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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

Supreme Cannabis Company Inc. (The) > Lol painted the tape again!
View:
Post by bever64 on Nov 03, 2020 4:05pm

Lol painted the tape again!

See this is the (well one of them) problem with investing in small cap junior penny stocks... Half a penny = millions of dollars of market cap... Hehe..see tomorrow starting at .125 is different than starting at .13c... Where is mmcap and the counter measures...? Start buying at the close... (With such a large position i predict one day it will.come in the months leading up to them.selling some equity)
Comment by bever64 on Nov 03, 2020 4:51pm
Well i suppose they were legit trades but interesting that BMO would wait til 16:00:00 to dump 63,000 shares. ( or $7,875 dollars) it is interesting that 3.68M shares trade in the green and then a well.timed sell order of 63k of stock leads to no gains for the day.... quote=bever64]See this is the (well one of them) problem with investing in small cap junior penny stocks... Half a penny = millions ...more  
Comment by johnale on Nov 03, 2020 5:56pm
They have been doing this for months now.  But let's see the other side of this coin. You have ETF shares, arbitrage shares, hedge fund shares, tired longs shares that are all looking for liquidity.  Maybe holding the shares down is done on purpose for the limited buyers available, to meet the selling demand. Will take a lot less money to clear those shares at .12.5/13 cents ...more  
Comment by RealistGhost21 on Nov 03, 2020 6:03pm
It isnot going to work that way with Supreme. Take a scenario were the compagny would not banckrupt and ismaking around 10$ profit a year while having more than 470 millions share total and millions debenture convertible at $0,25 cents creating dillution no thanks this is not interesting for serious investors. Best case scenario you will see $0,25 cents in some years from now.
Comment by vulcan123456789 on Nov 03, 2020 6:36pm
a good theory.. I e done my part to gobble up what I can...cheers. how many longs have accumulated. .
Comment by Method on Nov 03, 2020 9:55pm
ETFs and many institutional money managers use the MOC facility because it reduces their tracking error. That's all they care about. It's just indifference, not malice. There is no rationale reason to "paint the tape" so Occam's razor and all that 
Comment by LIVESTREAM33 on Nov 03, 2020 11:56pm
This post has been removed in accordance with Community Policy
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