on fumesEven if the purchaser raises the 20 million on the purchase of the OK property, ( right now the buyer is a shell company trading on pink sheets with 800 grand negative capital ) to buy the OK property the cash left in my opinion ,will last a month after paying off the bridge financing.
Going forward, I think they're there is about 50 - 55 million cash needed before the first cash arrives from collecting the receivables from Cannibus sales, including the cash realized from sale of Sunniva products.
The 50 million is made up of 10.5 million required to buy equipment before production can start,
a 15- 20 million dollar loss from operations-thats based on past months , 10 million in lease costs toward the glass house at 17.4% ( would you lease a car at 17.4% cost = of course not-) 10 million in salaries and ramp up costs, 5 million payment to the town in taxes , etc.
MY view is there is no hope Sunniva survives more than 60 days and then the owners of the new building will take over and Sunniva shareholders get zippo.
I have said since May of 2018, this is a house of cards, and stick with my opinion, despite all the
Comments on this Board that I am always wrong. The stock has gone from 9 bucks when i first posted , to less than 3 now ,so find it hard to believe my critics were right?? The cult just continue to reinforce their own positive views of the company, with no critical analysis and when the stock is say 20 cents they will still have countless opinions why it is the buy of the year and worth 10 bucks a share.
All this junk that some big player would buy out Sunniva????. Why would you not buy the glass house itself from the owners for say 120 million and its over. Why would you ever buy the shares of Sunniva .
Will see if the 20 million arrives next week, - my view is it will not ,but they might find a hat with rabbit inside.
Even if the rabbit is there, it buys a month at the most and it's over.
Everyone seems to have forgotten the bridge financing takes away a lot of the cash from the Canadian sale