GREY:SNNVF - Post by User
Comment by
sunrizeon Nov 27, 2019 4:25pm
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Post# 30399661
RE:RE:RE:RE:Listened to the conference call
RE:RE:RE:RE:Listened to the conference call Sure its your money.
What happens after (IF) the OK falls site gets sold?
You are expecting it to be the be all end all? Don't forget the pending 10% interest to be paid on the recent spate of financings.
And with Holler, it has always been a moving target.
Why would a vendor finance the 25 mill for backup power?
No, the OK falls sale will mean very little for what they will get out of it.
thebigbadbongo wrote: OK Land value is 7 Mil. so im guessing that would be worst case scenario if this deal falls apart and they sell to a non Cannabis Player.
I was on the call as well, they seemed very confident the deal gets done in its current form. But yes there are no guarantees.
The Barker Sale i cant see happening.. assuming he has a couple million shares.. i dont know the breakdown of the shares but majority of the shares are in the market and the market would not absorb millions of shares at .30 cents.. if he systematically sold his shares he might get a few hundred k $.. He is in for way more at this point im sure.
Bottom line is like i said, it all hinges on OK.. for me its worth the gamble at these levels. If something happens i triple my money and mitigate my overall loss.. If nothing happens i lose a little on top of what i already lost.
If the stock starts to climb, tells me something is happening in the background so lets see.