GREY:SNNVF - Post by User
Comment by
scoproon Mar 04, 2020 7:37pm
328 Views
Post# 30767857
RE:RE:RE:Ted Ohashi confirms Sunniva is in Arbitration Phase
RE:RE:RE:Ted Ohashi confirms Sunniva is in Arbitration Phase
The lease is Sunniva's primary asset. The current market cap does not include this value, as it is up in the air with the legal dispute with the landlord/builder. If the lease survives the legalities, depending on the particulars, there's no reason why the share price shouldn't recover to what it was before the legalities were announced, and possibly to where it was before the dispute began. I'd prefer to think the latter would be more fair. If you remember, Sunniva's share price suffered from $4-$2 or thereabouts when former President Leith Pedersen resigned, sold stock, and then reported it. He would have known about things brewing when he resigned, imo but doesn't mean definitively that is why he resigned. If the dispute resolves with amicable conditions then I'd guess anywhere between $0.60 and $4 or more because it's subjective to the conditions.