Supreme Cannabis Company Inc. (The) T.FIRE

Management just fu.cked shareholders for personal gain

[theTransporter]

Everything is now making sense why management didn't give two fu.cks about the stock performance. They were giving shorts the ammo to keep this down near 52 weeks lows (by keeping ATM open and not disclosing September's numbers in isolation) so they can PERSONALLY BENEFIT. 

Look at how many million shares the leadership team has issued themselves today at $0.16!!!!  

These mother fu.cking scumbags have rewarded themselves for a horrible job they are doing for shareholders. 

go see for yourselves!!  They could have set a good leadership example and issue their options at a premium of $0.30, to demonstrate confidence in where they are taking this company, but instead did it at current market price. 

This is disgusting and shameless. A bunch of pigs eating from the fu.cking trough at shareholders expense. 

Beena and the board has lost all their credibility

[Onebigdog]

Just goes to show.

[Method]

This is great news. 

[Mnadel01]

Yea that's why these are penny stocks.  I understand calling these penny stocks hurt some of your feelings but these are gambles not investments.  You are gambling.  Now can't we have some fun? Some of us are down 0 on supreme let us enjoy the opportunity 

[johnale]

I wonder why it took so long for them to finally issue the options after canceling the old slate.  hey trans - I hear you - but I'm not sure the move was that contrived. But yaaa, very sweet deal for management and board.  the incentive is there now - they all have their options - hopefully they move this along now.  method - care to elaborate more on your comment? 

[Mnadel01]

This is how penny stocks roll.  Insiders always make money and investors provide that money.  Still looks like a buying Op at the low

[theTransporter]

Please enlighten me Method, as to why this is great news? to me, they barely have to work to make a profit. If they set the options price at $0.30, they would have to hussle hard to earn a profit as they should. 

[Method]

I expect management teams to act according to their incentives. The fact that they are finally assigning options might suggest they expect the share price to appreciate. Presumably, they would have a reason to think so.  Why did they wait this long? it could be they expected more flow back from the debt restructuring, or more MM selling, or they might be done with the ATM. Maybe they

[Mnadel01]

The issue is the market generally hates dilution.  So short term until supreme releases bullish news this could continue pressure downward.  

[George141]

...the choice was to cut down debt...no matter how much profit you show DEBT creates a quicksand under your feet. It makes achievement look superficial. With Biden in the U.S. will provide oppoprtunities. Israel is an expanding market. Many stores opening, Shoppers, these will add to the bottom line. I think they recently switched to natural gas which will cut costs further. They have reduced

[Mnadel01]

Being an observer with 0 position in this company and dozens of hours of research I agree they have massive potential.  Their weed gets amazing reviews also.  But markets are smart and right now ppl see this as too high risk until they show that under the new business model they can expand revs.  2020 was transition for them and they maintained revs with a 50.6% operating efficiency

[Mnadel01]

Like their profitability in q1 was Bc of renogiating the debentures.  It's a bit misleading .. the adjusted ebita.  That's why ppl said keyword is "adjusted".  But out of all the companies down to the bottom in the cannabis sector supreme has way more going for it.  The reverse split possibility is definitely a thought to ppl.. I know ppl say they said it won&

[Pedal2themetal7]

On paper this is a solid company, Beena has made some bold moves which were necessary and smart, but I believe most investors are waiting to see if they can deliver. So far the results have been meager, but we all know the potential. If they could deliver a couple of back to back strong financials and continue growing Q over Q, these conversations would be a thing of the past.  It doesn'

[Mnadel01]

I don't think people realize how early it still is.  Companies can easily catch up.  I keep seeing supreme is "falling behind".  They are until they aren't.  Investors here seem to have hope.  A lot of companies lost hope.  The confidence of mmcap to continue their deal up till 2025 shows confidence.  Mmcap sold for the same reasons John Fowler

[brentkostaa]

MMCAP isnt in the business of buying penny stocks. They offer toxic financing to penny stocks to desperate micro caps with bad management. 

[Mnadel01]

I agree with you Brent however it's hard to count management out here.  The options granted on 31 will put me on the sidelines for sure.  It's always better to buy game changing news then to buy and wait for it 

[Joseisok]

This post has been removed in accordance with Community Policy

[brentkostaa]

Every management team ever in the history of equitys thought it was a great time to offer themseves options. Most expire worthless. Just as every option in Supremes past has expired worthless. Doesnt matter though. If this falls to pennys, which I think it will after the share unlock, they'll do a rollback and then offer themselves new options at a better price. Easy peezy. I expected you of

[Method]

ok

[brentkostaa]

We all knew it was coming. Obviously.