Sunniva Inc SNNVF

Managment Micues Continue

[RoughStart]

Seems like good olde Leith helped line the pockets of his insider buddies. Dragging the price down selling his shares to set up a ridiculously low bridge financing term to get them over the hump, that was created from delay after delay and miscues by management. As Jenser put it, at a break your knee cap interest rate. Dont worry though everyone good things are just around the corner......

[BG2019]

Interesting theory. 10% interest is break your knee cap interest rate? 

[GhostOfLeith]

Anybody who thinks 10% annual interest rate is anything other than modest/reasonable is uninformed. In the US, debt financing for cannabis companies is typically at 20% or higher.

[RoughStart]

Right, so I suppose you'll tell me that the 25% interest rate that they have from the last loan because they couldn't pay back on time is also a great rate. Give a little while. This one will get there too.

[BG2019]

25% interest is high.  How about the 10% interest rate on the bridge financing that just closed since that is what you were referring to in your prior post?  Seems it was a positive move.  Do you disagree?  If so, why?

[RoughStart]

Tilray did financing at 5%, medmen at 7.5%, these are just a couple examples. I am not going to get into the specifics with it. It's not just the 10% rate anyways. It's the 5% finders fee and the fact that the stock price was beaten down by the former president to provide such a low entry point. Or am I making that up and that did not just happen?

[GhostOfLeith]

1. The examples you mentioned are pretty bad. Tilray is in Canda where cannabis is not federally illegal and Medmen... are we really going to use Medmen's as a financial role model? Interest rates for US cannabis companies are typically higher than 10% - this is a fact. 2. The 5% finder's fee only applied to the portion of the financing that wasn't received from insiders, and not to

[RoughStart]

Halo labs 8%, Origin House 8%, harvest health 7%, med man maybe a bad company, but that wasnt the question, they seem to be able to raise better. Also did another at 5.6%. Those also didnt have the 5% finders fee. Leith is your friend right, your username depicts that. How much are you bag holding? What would you say to people who started bag holding because they listened to the pumper garbage

[JMark80]

What's ridiculous and dumb is someone defending Leith's initial ownership (18% for f#ck's sake!), and believing that him reducing his position for the sole reason of not wanting to be an insider is a perfectly reasonable excuse!

[Bluechip7654331]

not to mention the potential now for insiders and Leith, being on the outside, to coordinate a significant short squeeze. By selling at these low prices, as well as some other insiders, it afforded Sunniva the opportunity to access additional cash to complete the GH. A temporary sacrifice of his approximately 10%, for the protection of his remaining shares. Make no mistake, he is a pro and will

[vandenp]

And you certainly have your own agenda, unquestionably... which you've been touting from $17 down to $2. 

[Bluechip7654331]

no sir, never caught the short seller play at the start, but have been a share holder for a little longer than a year. Yes, my agenda is to accumulate some more.of these cheap shares as the GH is finally near ready. Trying to make some money in the markets by choosing a growing business in the MJ market, that is it

[URLaughable3]

And your agenda is to tout these ridiculous share prices of $16+ as if they were ever solidified lol. It was an ipo pop donkey, it maintained above $15 for no more than a combined week.. get off your fabricated “facts” We all know you bought the peak, it sucks, deal with it.

[JMark80]

How is $16 ridiculous when you said $40 was within reach by 2019?

[canuckinvestor]

I think $10 is possible especially once facilry gets up and running . sunniva will be a big player in California in the next 6-12 months  The 2nd largest facility in California plus the market is larger  than all of Canada  end of September is looking good 

[Benedictus]

an analyst tour and or glossy article showing a completed state of the art GH (hopefully in Sept to Oct timeframe) might get the sp back to the 4 - 6 range but snn still has so much to prove before they can justify a $10 sp - that is just pie in the sky hope until snn mgt can prove they can not only build it but also successfully grow copious amounts of ganja on time (i.e. Q1 2020), distribute and