RE:RE:Lost $30 Million In Market Cap Today AloneThe issues are: 1. Lack of mgmt trust and credibility 2. The spinoff looming over the market cap of the CSE and OTC listing. Why? Because the majority of revenue is from NHS, which when spunoff, won't be part of the existing CSE and OTC listing. So what do you have for revenue on the US side now? Pretty much peanuts. With NHS revenue declining, the sp is taking a hit. This is so crazy. .. If the spinoff were to happen today, SNN sp will be pennies, while the TSV sp will be 2-4 dollars. But wait... When will the spinoff happen? Will they need more funding? Will mgmt deliver on time in both US and Canada? Fool me once.....as the saying goes. Hence the sp drop. This co is caught up in a freaking conundrum as far as market cap goes. Siamese twins with two heads and only two legs, joined at the hip. Arrrrgh. Of course it doesn't help with the overall market meltdown today. Mgmt FUBAR. So far. A lot needs to be proved and delivered before you see sp stabilize and rebound. This has been dead money for almost a year now. Quite possibly for another 6 months, if they deliver.
mulletator wrote: I agree that there is a lot of value in oil stocks. I've been loading up there too.
Sunniva actually is getting to be a better buy by the day. They're losing right now based on market sentiment, the same as Canadian oil stocks. The sentiment doesn't actually change the bottom line, That makes these a good buy.
Sunniva is a sleeper stock. Their facility is coming online soon in California, the extraction facility is already producing. They are selling branded products.
Sure, the medical clinics are declining, why go to a clinic when you can buy your weed down the street? As soon as medical weed is accepted on health plans those clinics are going to explode. That will be happening soon. SNN is a total sleeper which makes it an awesome contrarian buy.