Post by
shneps on Mar 01, 2023 9:12am
Ugly..............
$4.7M in losses for the quarter, option agreement with Greenbriar is officially in default, Miss Envy agreement cancelled, Mexico agreement cancelled, Solargram Farms is an unsecured asset and 30%+ share dilution over the year. Consulting fees and loans are being pushed back and forth. Pay twice as much in consulting fees and give 50% back in a loan at an 8% interest rate. Big money shuffle with no real assets left.
Comment by
shneps on Mar 01, 2023 9:43am
$1.4M was spent on Mexico including building a new facility. Captiva gets zero return on the monies invested and yet there are certain persons that continue to own the asset. Wonder who benefitted from this? Why wasn't the asset sold?
Comment by
9Islucky on Mar 01, 2023 9:46am
If all is lost,why is the stock so strong?
Comment by
shneps on Mar 01, 2023 9:51am
That was one person who raised the shareprice. It is a very easy thing to do when shares are tightly held. Why hasn't it gone way higher? Nothing there to stop it.
Comment by
9Islucky on Mar 01, 2023 9:57am
Doesn't matter if it's one person or a dozen. Why buy it when it has nothing going for it?