Post by
JefffCEO on Sep 12, 2020 7:02pm
Update
All,
On this past Friday the 11th, we filed an extensive 86 page support document requested by PREPA to rank the projects as instructed by the FOMB. The document is very impressive, detailed, technical and offered ranking proposed by a specific McKinsey valuation model.
We filed the document with the Executive Director of PREPA, certain PREPA senior staff members and the entire PREPA board of directors.
We further copied the White House (Admiral Peter Brown who is the oval office rep for reconstruction in Puerto Rico), the entire FOMB Board and their Executive Director, the PREB, The Governor, her chief of staff, the Chairman of the Congressional Natural Resources Committe (oversees FOMB),
the Ranking Member, and the energy counsel for the FOMB.
We had an extensive 8 day 18 hour per day schedule putting this together and we await their formal evaluation and ranking ...
I bought some GRB on Friday and will continue to buy more.
Best
Jeff
Comment by
Doctor86 on Sep 13, 2020 1:45pm
thanks Jeff. Why did PREPA ask GRB to rank the projects when there is a clear conflict of interest as GRB is one of the candidate projects. Or does GRB have an exceptional relationship with PREPA that transcends this conflict?
Comment by
Doctor86 on Sep 13, 2020 2:34pm
oh ok that makes sense. Thanks. Sorry for the misinterpretation
Comment by
snootchybootchy on Sep 13, 2020 2:40pm
It's possible FOMB requested the same from all the other project proponents too.
Comment by
u8fish on Sep 13, 2020 7:01pm
Jeff is obviously confident they will be ranked first based on his prior comments, quality size of the project, and the fact he continues to buy at market.
Comment by
snootchybootchy on Sep 14, 2020 3:34pm
I have full confidence that Jeff will get Montalva approved. The question is when. It could take another month (maybe even two?) for FOMB to review all of these ranking assessments. And for those with cash on hand to invest, the question is whether to invest more money into V.GRB and have it stagnate for some time while the stock market is running like gangbusters.