Sunniva Inc SNNVF

Questions for Conference call

[thetis88]

I listened to the conference call  a few days ago, and the questions asked were fluff.
These are some of the questions that should be asked.

1- Suvinna lost 11,089,000 dollars in the 4th quarter, but the results and discussion of the fourth quarter   loss were not even acknowledged or discussed in the press release two days ago.. Why?

2 Suvinna raised  23 million in October 2018, and 18 million mid February, and then another 5.5 million mid April and yet there was only 4.3 million cash left on April 29th. Thats over 6 million cash gone every month.. Where has all this cash gone? What will happen in three weeks???

3 The cash balance of only 4.3 million, is after abut 7.5 million in sales of Suvinna products  in the preceding quarter. If these sales were generating even a small profit would not the cash balance  be higher?

4 Suvinna disclosed the amount of sales from Sunniva products, the gross profit,  but omitted to disclose the net loss or profit from these sales. After all direct costs, including California taxes.  direct labour, shipping, marketing,  packaging  and processing is there a profit or loss from these sales?

5 Given the substantial use of funds in the first quarter, would it be a safe assumption, that these sales after all direct costs generate  a loss?

6 I see that the terms  most recent financing of 5.5 million,  says that the lenders get first dibs on the proceeds 
   form the sale of the Canadian assets. Will these assets sell for more than 5.5 million ?

7 The only assets I am aware of in Canada, is the land in OK Falls that if sold at cost, would generate about 3.5 million after a note secured on the property  and   shares of NHS. As NHS is facing a pending law suit on a data breach , why would anyone purchase these shares until the lawsuit is settled? Further, sales from NHS have fallen every quarter including the first quarter of 2019,  and as far as I know has not made a profit after all expenses. Is it not likely that the total proceeds of sale from Canada assets  will be less than 5.5 million in the next six months, and thus the notes will need to be paid off ???

TAXES

There are numerous articles that say that California taxes are so high that it is making it very difficult for anyone to make a profit.  Even the town of Coachella where the Sunniva campus is located, said in an article dated September 5, 2018 in a local paper, that it was expecting 5 million dollars a year from Sunniva in taxes.  Would you be able to give me the approximate State taxes on sales of say 1,000 dollars of sunniva products. Is it zero percent, ten percent , twenty  percent or more??

[Fabnaps]

You’re my hero. I didn’t bother reading your posts because usually pumpers write long posts! but wow you are definitely more pissed than I am...lost some money to these guys eh! where is all that cash they raised? How much are these guys paying themselves? Super High interest rates!