GREY:SNNVF - Post by User
Post by
sunrizeon Nov 27, 2019 8:34pm
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Post# 30400369
This "Dispute" is so screwed up
This "Dispute" is so screwed up1, The press release says "On November 25, 2019, the Company received a 30-day notice of termination and a notice of default from Sunniva Production Campus, LLC for items related to payment of outstanding balances and failure to meet certain conditions of the build to suit lease agreement for Cathedral City Glasshouse"
Termination of what?
Default concerning what?
How much are the outstanding balances?
What conditions did Sunniva fail to meet?
None of the above details were disclosed by the company. Not a single question was asked regarding these very important details (not Ted, not the other 2 ANALysts either).
Just goes to show how BLIND people are, following this company and believing Holler. We need details and w/o those, it is like flying blind.
2. The press release also says this "In addition, the Company received a notice of default from a promissory note holder for not applying a certain portion of the note proceeds to agreed upon outstanding amounts."
What? What? What?
Who is this promissory note holder?
What are the outstanding amounts?
How much does Sunniva owe this promissory note holder?
Are there other promissory note holders who will now come out of the woodwork to serve more notices of default?
No questions were asked about this. No details were given by management. Everything got swept under the Barker notice.
God, this is just unbelievable.