Supreme Cannabis Company Inc. (The) T.FIRE

Iceberg buy order at 0.30 cents...

[Gringotts]

There appears to be an iceberg buy order from anon at 0.30 cents. I wonder who is buying and giving support at this price? This is a good sign.

[johnale]

Ya sure, anon is probably sitting on 50mil shares short.  you got an institution who bought the bought deal at .31 and is happy to set up a wall there and strip the warrent, while their buddy across the street covers their short position from crushing the stock in the 40-50 range.  They keep it here for as long as they can to close the trade, then they will let us move up again. 

[541house]

Johnale you are exactly right and hope sentiment doesn't change by then

[StayInvested]

Bang on assessment. I said that after the first bought deal, that this was a way for MMCap to continue to hold down the stock temporarily while getting that fat coupon on their debentures. They simply ran out of ammunition as this started to tick back up, and was placed back into a few ETFs. Now they have 70+ million shares to help continue the shorting effort. Volume has dried up after the last