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Bullboard - Stock Discussion Forum Captiva Verde Wellness Corp C.PWR

Alternate Symbol(s):  CPIVF

Captiva Verde Wellness Corp. is a sustainable real estate company that also invests in sports and wellness opportunities. The Company has not generated any revenue from its operations.

CSE:PWR - Post Discussion

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Post by windyguy on Nov 08, 2021 2:35pm

Lawsuit

The Solargram guys violated the agreement and will lose big in court. I'd guess CVW gets at least the $7 mm they're owed plus the property. And then they're in business. 8.5 cents is starting to sound pretty cheap.
Comment by TheCapitalist on Nov 08, 2021 2:48pm
Yeah? And then who's gonna run it? You still don't have a team of licensed cannabis farmers. Even IF pwr wins the lawsuit (big if) and it includes the license (unlikely), you still don't have the team with the knowledge and experience to run it.  Not to mention that lawsuits take years. As of right now, PWR has no assets and no source of revenue, and a huge amount of shares ...more  
Comment by BizarroJerry1 on Nov 08, 2021 4:14pm
the company is in trouble but it's false to say they have no assets. Check the financials. Even after carving off the Solargram receivables this is way above book value.
Comment by BizarroJerry1 on Nov 08, 2021 4:15pm
damn why can't we edit? Way below book value.
Comment by TheCapitalist on Nov 09, 2021 3:06pm
I get what you're saying, but stocks don't trade below book value for no reason. Until PWR proves in court that it owns the solargram assets, I would assume that it doesn't. Whatever assets it has currently are not producing cash flows, and I would expect dilution to continue. Keep in mind that this situation has happened before with captiva back when it used to be about farming ...more  
Comment by BizarroJerry1 on Nov 08, 2021 4:13pm
they don't need a judgment for the property as they actually own it. But Solargram is probably broke. They will have to write off $3m in Solargram receivables and reboot ops in time for next year's growing season.
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