GREY:SNNVF - Post by User
Comment by
RoughStarton Dec 30, 2018 5:34pm
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Post# 29170074
RE:RE:RE:RE:RE:RE:Are they going to run out of money before it is all built?
RE:RE:RE:RE:RE:RE:Are they going to run out of money before it is all built?@Gotmoney ah hem (Sunniva cheerleader)
I think it great you believe in the company, but as you said "for the delays, which are normal and understandable". What the??? understandable... have you ever worked in construction before? Try telling a client that their construction is delayed. In case you don't know it doesnt go over very well. So that is a very good question how that affects the owner in regards to the contract that was signed. Furthermore, that's another great question how that affects sunniva. There has been no response from managment regarding penalties. So maybe their initial timelines were to ambitious based on the contract that was signed with the construction company, hence no penalties.
I have to agree with you based on management's discussion that they have enough cash to get them through until full production. However, how can you blame anyone for questioning it, based on how far the sp has tanked to where it is now, due to management's inability to execute up until this point.
With all that said it's not going to matter if they need another raise, if they do not increase their q over q up until q3 at least, when they're hopefully bringing in revenue as far as the stock price is concerned anyways.