RE:RE:Okanogan site@Benedictus: Barker leaving the Board is extremely disturbing. If he brings a lawsuit on, watch out, as he has deep pockets. Wilkerson leaving really, really shocked me. What in the world is going on at this company? There is no way they can get a remotely equal replacement for Wilkerson. Everything is a black hole with Sunniva right now.
Benedictus wrote: @sunrize, I think you’re reasoning here is spot on. The cfo and now president departures are most certainly due to an inability to manage the massive capex and growing opex without the needed funds from this sale. Highly unlikely but if the sale somehow closes, I’d guess it will be amended significantly lower as its currently a free for in the sector with the big guys hemorrhaging money and all players including reits like CannapharmRX, re-strategizing. Last reported financials for CannapharmRX on September 30th show cash on hand at 192k (nuff said)...
I also wonder if Barker left the board because his company will pursue legal action. If anyone can provide a silver lining I’d be happy to consider it but presently the only one I can come up with is to see how it shakes out from the sidelines. There’s no doubt whoever’s in possession of this operational GH will have a huge revenue maker, the question is does a capitalized white knight do a take over? The upcoming earnings call will be quite interesting.