Post by
davey613 on Feb 18, 2021 8:12pm
FIRE paying off debentures?
If Supreme uses the money from the recent bought deal to pay off the debentures it would stick MMCap holding 110 million shares that they paid 54 cents each for. Stifel, who are one of the underwriters of the recent bought deals, just raised their target to 55 cents. If FIRE pays down the debt it forces MMCap to manipulate the stock up past 54. Is Beena about to teach MMCap a lesson?
Comment by
davey613 on Feb 18, 2021 8:32pm
or if they force MMCap to convert the debt to shares it works out to 240 million at an average of 41 cents.