RE: $19 million in building fees, Considering about 5 seconds of research would show you a conservative average in Tehachapi is $414,000 per unit let's do some basic math.
seeing as your "just wondering" and obviously not hiding behind the guise of incompetence to avoid any accountability associated with slander. (Insert sarcasm here)
$414,000 per unit Avg x 995 units = $411,930,000
411,930,000 - 240,000,000 construction labour - 19,000,000 building fees = $152,930,000 Net profit.
This is merely an example and doesn't account for the fact that sage ranch will be a much newer build than the average available in the area, has more amenities that will be offered to residents, is in a prime location, is eligible for many government subsidies and willl drive a more competitive environment for intrested buyers due to its ability to facilitate low interest loans in a rising interest environment.
Not to mention that fact, that you are well aware that the purchase would be for more "bare land"
There is many approvals, water rights, red tape that has already been cut through Etc.
all of this information is easily publicly available so to not akwnoledge it is nothing short of ignorant to say the least.
there are legitimate frustrations long term shareholders are able to discuss regarding Greenbriar, must understandable but frustrating none the less, but if you're honesty unable to see the deeply deeply undervalued assets at play what in the hell are you doing here?
im so tired of seeing people fill up the board with mindless jargon, so their fellow keyboard warriors can feel smart and superior while legitimate shareholders are drowned in the sea of ignorance/missinformation being spread.
if you have legitimate concerns or questions obviously voice them. Intelligent conversation from both sides is vital, but to many people
are only on this board to poke the bear and see what reaction they can get.