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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) > Some MM speculation -
View:
Post by johnale on Jan 31, 2021 10:15am

Some MM speculation -

If you look at the trading dec 4 to dec 31 - where mm sold 23.5mil shares - the only house that looks like it could have moved those shares is ANON. They sold 23.9mil shares in the period. (net positive buy side though)

if you look at jan trading - anon sold 88.4mil
they only had 54mil left. 

It's possible they actually liquidated their whole position. 

~22% of overall volume, which is the same sell rate as December ~22.5%. Would clear 54mil shares exactly. 

AtM should be fully subscribed/done at this point too. 

I know we'll find out for sure in 7-10days, but it's possible that about ~30% of the selling pressure is done!?! 

finally!!!?

Comment by vulcan123456789 on Jan 31, 2021 10:52am
hope your right john..regardless we got to start moving up soon.. i put another buy order in for monday... betting on q2 and curious to see what the huge cash raise lately is for .things looking very interesting.. jmho cheers
Comment by Mnadel01 on Jan 31, 2021 11:51am
John you are looking at this too deeply.  Fire doesn't go up when mmcap stops selling, it goes up when their ER proves the market they have a strong future. 
Comment by OptGreen on Jan 31, 2021 1:48pm
Agreed Mnad, MMCap is there for the restucturing and they are done....unless they retain some position in the company for some reason but that would remain to be seen otherwise their work is pretty much done and they move on with their profits, of which should coinside with the SP moving north. Both the .T and .DB are good investments and thier level of success is totally contingent on the level ...more  
Comment by watchmeplz on Jan 31, 2021 2:38pm
lol living in a dream
Comment by Pedal2themetal7 on Jan 31, 2021 3:50pm
What do you think is going to happen if there is no decent NRs released before Q2, and we enter at .17 to .20 on Feb 11th.  If they continue their trend of basic information being released, and scripted/politically correct answers to basic questions, even if they attain the 14-15 million with 2 million ebitda, I believe it will continue crawling. I personally would like to see some increase ...more  
Comment by Easymoneyy on Jan 31, 2021 6:11pm
This post has been removed in accordance with Community Policy
Comment by Pedal2themetal7 on Jan 31, 2021 6:41pm
Why, you're happy at their results and sitting at .17!!! just stating facts. 
Comment by Easymoneyy on Jan 31, 2021 6:45pm
This post has been removed in accordance with Community Policy
Comment by FrancNCash on Jan 31, 2021 7:36pm
I don't think any of us are happy at these prices.  Did FIRE really need to come up with extra cash? Or is it a way to get some more people rich?  maybe something good coming down the line that will bring this stock back up.  good luck !!