RE:RE:Some details on the latest messHey DIY2018: It is quite apparent that English is not your native language. That is OK. But you really need to take some language courses in comprehension. I am not spreading fake news. Get some help in reading yesterday's press release from the company.
Do not be the village idiot.
Matrix did not put a lien on the OK Falls facility when they loaned the money but they are doing it now. Read. Get help. Understand. or go away.
The real damning news for Sunniva is in the below paragraph (DIY2018 - you won't understand this - so get some help):
"
According to a Stockwatch news report, Matrix claims that the arrangement between Sunniva and CannaPharmaRx fell through prior to the first issuance of funds to Sunniva by Matrix. Sunniva allegedly borrowed funds from Matrix without informing the lender that the deal had been previously set off. Matrix has indicated that if they had known the current state of the sales arrangement they would not have provided the loan on an unsecured basis." DIY2018 wrote: sunrize wrote: If and a big IF that CannaPharmRX buys the OK Falls property, it will not buy it for 16 million cash.
At best, you can expect 7 million. And you can bet ALL OF THAT 7 million will be gobbled up by Matrix Venture Capital.
Why is the sale a BIG IF? Because Matrix Venture Capital is going to put a lien hold on the OK Falls site. What that means is that the title to the property will not be clean. It means CannaPharmaRX will not close the deal until that lien is released. The only way to release that lien is for Sunniva to pay the 7 million. Read more at the link below:
https://thedeepdive.ca/sunniva-finds-itself-in-legal-battle-over-okanagan-falls-property/ PS: Leith, CFO and Wilkerson washed their hands off the muck that Sunniva is in. Barker too.
Matrix said they did not put OKS as security when lending money. So do not spread fake new.