RE:RE:RE:RE:RE:RE:Cornerstone on Q3 results@Bluechip2: You said "...
So far, not much from Sunniva besides a couple of paid pump articles that acted as a short trader dream scenario to pump down the SP and scare current holders...."
So what you are saying is that the company did a stock promotion. What does that say about management?
Also, the paid trip that Ted took to Cathedral City is something I absolutely abhorred and one that does not sit well as far as ethics go. Bluechip2 wrote: @benedictus- you have been posting for a while and I feel the same as you in some respects. Part of the SP compression is due to management disregarding informing the investor public when the financing was determined to be unexecutable due to various reasons including US assets/illegality, and high risk proposition due to Canadian risk of low revenue generation from a banking investment perspective, etc. Sunniva claims to be mimicking teh Canopy buildout model in California, and they very well may be, but Linton was always active in the media,helping to disseminate execution and buildout dynamics. So far, not much from Sunniva besides a couple of paid pump articles that acted as a short trader dream scenario to pump down the SP and scare current holders.
I also agree with you that due to the SP downward spiral, management could have either sold more oil at wholesale prices to get more revenue in 2018 to alleviate investor concerns rather than leave them sinking in a fest pool of sharks. Now we dont know what revenue they are generating from their existing extraction contracts, which adds to the uneasiness but may very well turn out to be significant enough to provide sustainable cash flow.
the rest of your points are speculative and are very bearish. Attaining key businesses at reasonable prices is not a negative and acquiring both the distribution team and Vision project have answered more questions than creating them for me at least. Canada is now a 2020/2021 execution play, so a follow on to California and priced out of EV valuation.
And lastly, both you and sunrize will be fooled again as this SP looks to be forming a solid bottom and many catalysts are lined up for the first quarter, this is literally the worst time to sell in all likelihood. Sunniva has been runiing like a private company in terms of not informing public investors of changes in strategy in a timely fashion, but that looks to be their only functional misstep, and with California execution we may very well have a Canopy type SP run. JMHO.