Supreme Cannabis Company Inc. (The) T.FIRE

shareholder equity - 188.349 mil - .30 cents/share fully dil

[johnale]

After all the write downs, after trimming their inventory significantly, net of all debt - supremes buisness nets 188.349mil.  (see q1 financials) 

that translates to .37 cents/share - or .30 cents fully diluted. 

Given supreme has transitioned to positive ebita, once they cross 1.5mil - that covers all cash interest charges on debt - and they should officially transition into increasing cash position. With growing revenues, this should only increase. 

How does it make sense for anybody, (unless your under the gun) to sell at these prices. Its a massive discount to their true value.

[vulcan123456789]

fully agree john its just manipulation.. when the big fish figure they cant get more shares it may stop.. until then they will scoop them up

[neilmakenomoney]

I am thinking this may be being held down as an acquisition could be in the works. This is purely speculation but I have been holding LHS and they just got swallowed up. LHS was doing great things in Florida but their share price never made it pass 50 cents for the longest time. Maybe the same thing is happening here. We can't seem to get past 20 cents. Seems strange as FIRE is a decent

[Lou793]

I think it's just tax loss selling to offset gains in tech and gold.   

[Nothing2Rich]

yeah i have been holding LHS forever. Glad to get a 94% return from LHS acquisition. With fire I doubt ill get anything close to the 1.40 i bought it for in 2017. I have averaged down to 0.30 cent but its been a long depressing road. I can only hope FIRE is able to gain market confidence back. Getting back on HMMJ is a good start. Happy Holidays Y'all!