Delays Can Be a GiftYes, we all hoped the final approvals would be in by now. But how many of you have had bureaucratic approvals happen quickly and easily? Not me. That's as rare as hen's teeth or honest people running TSX.v companies. Jeff is that rare CEO that tells it like it is and didn't enrich himself taking shares in lieu of the salary he hasn't taken for many years.
It all depends on your perspective. The insiders with PREPA, PREB and the FOMB are surely telling friends and family to load up. They know 25% of Puerto Rico's electricity generation got knocked out in the last earthquake. That oil burning Costa Mesa Sur Plant can't be brought back online. Anyone who has looked up the new laws knows PREPA has to hugely increase their percentage of energy from renewable sources. A little due diligence and you know PREPA must get Montalva done to eliminate the $191 million dollar court judgement against them.
I don't know any of those bureaucratic insiders, but I believe Jeff and the facts I've found from my own DD. The facts alone stack up to a very rare asymmetric opportunity. I sold another stock and bought another 4,700 shares of GRB today @ 2.20.
GLTAL