Sunniva Inc SNNVF

RE:RE:RE:RE:RE:I think we are getting bought out

[sunrize]

The recent sudden run up seems very much like shorts setting up for another slam down. Don't get fooled. This company has many, many unanswered questions and has a long long way to go. Re-establishing lost credibility will take a long time. The company is now in a 'prove it to me' mode. Talk from mgmt  is and has been cheap. 

Benedictus wrote: thus far absolutely nothing has changed with their situation as per the last conf call. Management acknowledges they are in a severe cash crunch that requires asset sales, financings along with creative solutions with the production capacity they have available currently. The glasshouse timeline is still murky and another 25M is now required to complete it. 

When snn traded at 15 it was on complete hot air based solely on an early pump by a few analysts (to feed the shorts), nice promo videos and pamphlets, unbuilt facilities on empty tracts of land and a management team that have now all parted except for Holler. It has been an ugly collapse of valuation due to the squandering of capital, time and credibility. 

IF management can raise the cash needed to keep snn afloat until the GH is not only completed but actually producing (3Q 20?), then and only then should investors start imagining valuations commensurate with the revenue generation of such a facility. For now, investors should consider the risk as greater than the reward, which is why I have not thrown any more "good money after bad". Just my take and all imo.