Out of money experiencesBenedictus, you could be right and Sunniva’s new cash could last past
May. But, it’s very hard to see in my humble opinion ,Sunniva not being taken over by the owners
of the California building, sometime in the early summerr of 2019, when they will
be down to what me thinks is their last cent.
What really bugs me is the statement by the CFO on the conference
call that that they were going through .5 million in cash a month, which as you say
was complete BS. My guess is that some investors
believed that statement, and bought their stock on it. Also, the analysts on that
call never challenged that statement.
Also,, you are right that the debenture deal is far better for investors
with management participating , but It could be
that in order to sell these debentures, Managemnt participation was
required. I don’t known of course, but,I didn’t see insiders jump in and buy when the
stock was down to 2 dollars, whereas non management investor groups
were screaming it was the buy of a life time .
Last, we should have a contest.
It’s been about three weeks since the first press release on future sales of Sunniva
Branded Products was put out. It says on Jan 4 th , if I am reading It correctly, that delivery
and sales commenced this week for flower .I find both of these press
releases very confusing.,but they did do their work, and jazzed up the stock price,
The contest would be simply who can be the first
to identify the retail store, the product, and the price of a Sunniva
Branded Product in California sold by a retail store. We
There must be hundreds of California investors in the Discord group,
so I would expect them to win this easily.
As the press release seemed to say, sales started week of Jan 4 2019
so it must be an easy find.