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Bullboard - Stock Discussion Forum Sunniva Inc C.SNN

Alternate Symbol(s):  SNNVF

Sunniva Inc. is a Canada-based company. The Company is not engaged in any business.

CSE:SNN - Post Discussion

Sunniva Inc > Out of money experience
View:
Post by thetis88 on Jan 22, 2019 9:26pm

Out of money experience

A little over three  months ago they raised 23 million.

As I predicted over a month ago, they  would need another PP
in this quarter. As they have been using up cash at the rate 
of 5 million a month, not ,5 a month , I thought the PP
news release would happen next month. But here we
are,already needing more cash. For the 11 months ending Nov , 2018
they have gone through 55 million dollars.
Looks  like the cash is now flying out the door at a rate beyond
5 million a month..

last  time  I said there would be a PP in the first quarter, the Cult said that 
they had a secret meeting with management who said there would
be no PP until the spin off transaction was done. 
That spin off by the way is dead dead dead.

I realize the need for more cash was tied to a statement that there
will be more sales in the future . 
Are these sales profitable by the way ,or are they too
at a loss, like all the other sales of Sunniva.


They did get another ten million, which will keep them in business
for another two months or so.
This is the third pp in less than a year, and three strikes you are out .

I think it’s all over by May 2019.
Comment by Tradertimestwo on Jan 22, 2019 11:37pm
You're hilarious. Lol. I sold my shares a while ago but will be buying back in soon. Keep up the comedy routine. Very funny!
Comment by Benedictus on Jan 23, 2019 10:16am
thetis88, not everyone disagreed with you that a pp was needed. It was very clear a pp would be needed in Q1 and that the 500k monthly burn rate stated on the conf call was absolute BS. The source that the uber-bulls have often quoted w.r.t. no need for a pp in either Q1 or Q2 clearly turned out to lack all credibility. However, the fact that mgt participated in this one I view as a very solid ...more  
Comment by Bluechip2 on Jan 25, 2019 9:21am
@thetis88- your posts are pathetic, inaccurate, myopic, selective, self serving and very misleading. A group of investors pooling their due diligence to get an indepth knowledge of their investment is prudent. Being a doomsday troll, trying to scare away new investors and current holders, and calling other investors names is part of the 'cult' of bashers that gives retail investors a bad ...more  
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