Supreme Cannabis Company Inc. (The) T.FIRE

Potstocks flying AH - Biden transition

[johnale]

Some uncertainty seems to be out of the way with a biden transition happening. 

looks like a big rally again - 

The last rally fire went from 13 to 16 and closed 14.5 with 18mil in volume.  (Nov 6) 

we are now at 14.5 with much better fundamentals and trajectory. 

I think if we get anything close to 18mil in volume we can get back to .20. 

I'm probably buying debs at 50 in morning......

[theTransporter]

Hope you're right. But reality most likely will be everyone flies high except FIRE as endless shares on the sell side will out number the buying volume. Most will buy into WEED, ACB, APHA, OGI, etc.  Market doesn't like FIRE for some reason.

[NSPfacts]

This post has been removed in accordance with Community Policy

[maritimedreamer]

Johnale, seems like you have a good connection to IR. Have you ever asked the, their thoughts on how it has been trading as of late? The continual selling pressure? Nothing has budged this stock...one would think they would try something different no? We will probably be ending red for the day on the day like this..... most incredibly frustrating stock.

[johnale]

I don't get it at all - given the change in fundamentals.  2.7 mil on the ask at 14.5.... really? What is that?  you can clearly see the company trying to Pump their tires and get the word out. The article with beena about turning the company around and hitting positive adj ebita.  It's insane - I'm at a loss. As the big players continue to get increased market

[theTransporter]

Get bought out for fuc.king peanuts!!!  How is that positive?

[maritimedreamer]

will agree there.... unless one is a new investor all the old longs will get punished. this stock is FUBARRED! 

[brentkostaa]

MMCAP is cleary in control with the debs they hold as well as the short hedge. Its no different now then it was when John Fowler sold over $50 million worth of paper to MMCAP over 3 years ago. MMCAP has not and will not let this stock move as they continue to collect from the short side.  The plan was never for MMCAP to make bank off of converting those debs. They make on the intrest and

[johnale]

Bever -  While I agree and see this as a major threat to be sold off - I think your forgetting MMCAP owns 90million shares with the 28.3 mil in debentures.  63.5% of their position is held in the equity - they can't sell, they need the equity to go up to break even (make more money) they have every incentive.  I see a takeout as just an easier liquidity event for them. 

[Method]

Actually if you buy the debs you are in the club. More than MM since MM has 90m shares too.