Captiva Verde Wellness Corp C.PWR

Lawsuit

[windyguy]

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.

[TheCapitalist]

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

[BizarroJerry1]

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.

[BizarroJerry1]

damn why can't we edit? Way below book value.

[TheCapitalist]

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

[BizarroJerry1]

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.