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Bullboard - Stock Discussion Forum Sunniva Inc SNNVF

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

GREY:SNNVF - Post Discussion

Sunniva Inc > Why the jump
View:
Post by fumbles on Feb 19, 2020 1:40pm

Why the jump

It is only a bit above average volume but somebody is buying today.  Short seller covering?  Somebody with some inside knowledge buying?  The market cap on this company is so low now that seems like only bankruptcy can drop it further.
Comment by DIY2018 on Feb 19, 2020 2:05pm
OKF is closing this week, the only reason for its jump I think. We will hear the news but the price and volume usually foretells what is going on.
Comment by rborhi on Feb 19, 2020 2:10pm
I am curious what's going on too. thought there was no hope of this company producing any cannabis products in Cali anymore.  hasn't it completely fallen apart by now?
Comment by Shadd76 on Feb 19, 2020 3:23pm
This post has been removed in accordance with Community Policy
Comment by fumbles on Feb 19, 2020 3:55pm
Neither company involved in the transaction has issued a PR since Dec 23.  Where are you hearing that this is going to close?  Certainly selling a piece of the company for $20 million should move the SP given the market cap is only about $7 million right now.
Comment by sunrize on Feb 19, 2020 6:19pm
Good news could come when we least expect it. Certainly seems like folks buying today are optimistic.
Comment by Bluechip7654331 on Feb 19, 2020 9:35pm
assume then everyone read the CPMD filing last week, stating they secured a 500k loan, most likely the remaining deposit amount for OK financing. The first step to getting back on track is survival. Construction financiers may have to deal with Sunniva going forward afterall.
Comment by sovy888 on Feb 19, 2020 10:00pm
up to 23.5 cents and all of a sudden everyone gets all excited ... what's up with the fall from 16 dollars/share??? did you all forgot about it huh???
Comment by Bluechip7654331 on Feb 19, 2020 10:16pm
@sovy888, what happened the past two years has nothing to do with what happens going forward. If you were smart, which sounds like a stretch, you would have reduced your exposure at the least during past negative news cycles. Now use some of that money to prepare.for a positive development.
Comment by sovy888 on Feb 20, 2020 11:06am
I sold all by shares at 8 dollars a long time ago, since then I'm still waiting for some positive developments so I can re enter and recover some of my losses...as I've said STILL WAITING!!!
Comment by canuck901 on Feb 20, 2020 8:02pm
Was a deal at .14 lol today's news is somewhat positive they have some cash to get then through the short term when is the arbitration case ?
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