Sunniva Inc C.SNN

25%

[thetis88]

I see  a loan to Sunniva of 1,700,000 US dollars was extended from June 11  to July 11, 2019,  and the interest rate increased from 10 percent to 25 percent. Thats not a typo-its 25%.
Michael Barker , a director of Sunniva , has a material interest in the company that made this loan.
 They made another loan to Sunniva of 895,000 dollars to fund a change order  to build the California  glass house. By the way why is Sunniva paying for change orders?????

Barker sits on the Board of Sunniva.  I would have loved to be at the Board meeting when the other Directors found out Sunniva  was going to be charged 25%  interest by the Barker group.

What could this mean going forward??

The relationship between  Sunniva and the Barker group, who are building the Glass Palace, must be getting a little tense. The amount of the loan is not large, but its more the idea that you sit on the Board and then have the guts to charge  Sunniva  a 25% interest rate.
  There could be  plan by the Barker Group to call the loans. ,and  appoint a Receiver if they are not paid.

The win for the Barker group . Is that they get rid of  Sunniva, the public company whose shares  fall to zero over night, - and Barker carries on growing weed in their own new  building and selling it  for proceeds that all go to themselves and not Sunniva. in 2020.


It really bugs me that Sunniva has not done a press release on the status of the land sale,  ,which was to close 10 days ago. It's not fair to shareholders to be kept in the dark like this, especially when you have no cash. My personal opinion is the chances of Sunniva getting 20 million cash are between zero and zero. But shareholders  have a right to know the status of this deal.

Also, I am amazed at the number of people that are averaging down, buying more stock  on the basis of pictures or drone  shots of a building you do not own. The x president is selling his stock at these prices, but somehow people think they know more than him, and buy while he sells. If the Barker group calls the loans its over!!! DONE - no more pics of the building by the Discord group . And no more quoted stock price other than zero. 



next two weeks will be very interesting

[GhostOfLeith]

Hi thetis88. As always, you seem to have a vested interest in highlighting the (known) negatives. As always, you will be proven wrong.

[sovy888]

hey thetis dont you dare saying anything negative about sunniva's management, they are the best...can't you see the SP quadrupled in 18 month and it's all thank to them...your so "childish " grow up already or the pumping dogs in here gonna bark your head of for telling the truth...now jokes aside thanks for your posts, great job pointing out the incompetence of this

[Sunnspots]

You guys that knock this stock and mgmt religiously are seriously a bunch of tools.  You've clearly never been involved in the building of a business.  Every business has its issues and makes mistakes, especially early on and SNN is no different.  It's how they manage and recover from them that matters. The biggest problem with SNN is they went the public route too early

[vandenp]

You are obviously a horrible investor and an individual too immature to admit when they're wrong. I am far richer because I know when I'm wrong (just look at my history in this stock) and I got the hell out long ago when this stock was 300% higher. I can now purchase 5 times the shares because I have made money elsewhere while you rode this down to another all time low. I am right to have

[vandenp]

Still think we're tools Sunnspots?