TSXV:EVE.H - Post by User
Comment by
BobbIeheadbobon Jun 18, 2021 4:48pm
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Post# 33412940
RE:Market cap of $6.9 million.
RE:Market cap of $6.9 million.Exactly correct and Melinda and company own the land which they lease to themselves. That should have been anyone's first red flag before they decided to invest. That lease and the 18 million loan that EVE owes to RBC ( which they've only paid interest on ) should have been the second. The last red flag would have been the repeated false news or news that's never came to fruitation over the last couple years and the lack of transparency from Melinda. No one will give EVE financing just based on and the RBC loan as to which RBC will be the primary creditor. RBC won't even get their money back on default at liquidation . Any outsiders making a bid on the greenhouses will be deterred simply because of the land lease thus letting Melinda to own it all privately after bankruptcy. In any event , Melinda will make out fine and the shareholders will get zero at the end of the day .......
mystique1 wrote: if land was company owned and not a crappy lease this would be a good hobby buyout. Crappy land lease kills any buyout thought!