Sunniva Inc (SNNVF)

[PotterBanker]

I think they will get real quiet now until they:

a. get a result from the lawsuit.
b. get evicted from the property.
c. annual fins come out again by 4/30

If they get evicted they will still have what's left of the other parts of the business, but as far as I can tell, that was operating at a loss to gain/hold market share on their retail products until they had their own product source (the big grow) going.

It all seems to hinge on the big grow becoming operational and should have been operational over a year ago.

I'm sure your guess is at least as good as mine.

In hindsight (which should have been foresight for insiders), they bit off way more than they could ever chew with two construction projects at once, with not enough funds to finish even one of them.

Trying to operate more than one ancillary loser business before they had enough revenue/funds to cover the base costs of completing construction.

$10 ipo that could only go down from there, turning off investors and becoming a weed market laughing stock further limiting investment when they really needed it.

Taking 2 years to fail to complete a 1 year construction project and not reigning in expenses until it was way too late (especially on a build to suit lease project).

I could have done better... seriously. Anyone with much managing experience at all could have done better.

These guys get a pocket full of other people's money and it effects their thinking in all the wrong ways.

I bet even these fools wish they could go back and slap themselves now.

story of ineptitude:
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00040326

shame shame shame on you sunniva management.