Ventura Cannabis and Wellness Corp CVHIF

I just called the number.......

[brentski99]

Both properties are under foreclosure as notices have recently been served. We should be digging through court filings and talking to the realtors. There has been no destruction according to the woman I talked to. Tjey are in the midst of moving. I doubt there is any equity left if they are being foreclosed. This does not look good, sorry  to say.

[lscfa]

Since the rehab company got a COVID payroll loan they obviously were hurting. Maybe they couldn't  make the lease payments so Ventura in turn stopped making mortgage payments to the bank even though they had the cash to do so. Mgmt may have manufactured a foreclosure situation.  

[brentski99]

I hope you are right Iscfa. Do you have any idea if there is any equity? Maybe talking to the listing agent will shed light on it.

[lscfa]

I don't trust mgmt. These mofos may have deliberately stopped making mortgage payments so the bank would foreclose, allowing Ventura to break its lease with rehab co.   

[constructionsite]

Very possible explanation, lscfa, but not consitent with what Kaplan said.  So was he lying?  There is the stench of fraud and deceit at every turn....

[brentski99]

It is not just unethical but also illegal disclosing information privately and not thru the proper channels in a press release or an information filing. Study your Sarbanes oxley. These guys are playing with fire and can be burnt with the right phone call.