Greenbriar Sustainable Living Inc V.GRB

Stage 1 Criteria ?

[Schoen]

Can anyone explain how we failed to meet the stage 1 criteria?  I look at those and think we should have come out of that stage in 1st place.

The Governor didn't have his facts in hand.  He could have used the facts in the letter from the PR Renewable Energy Association to shred Natalie's response to him during the meeting.  Her whole case rests on saying "none of the projects met the 2020 Plan," yet there is a new plan that raises the rates that can be accepted and those work for the legacy solar projects. 

Surely the Governor must know this?  So is he just posturing for the cameras, pretending to fight for solar, while tacitly accepting Natalie's bullshite arguments?  That whole FOMB solar energy deliberation felt like carefully scripted theater to me.  They told the public a nice fairy tale that covered up the bribes that put two projects on top, while the true numbers for Montalva were fraudulently suppressed.  All the projects that lost out must now realize their only hope in the next round is to pay the bribes.  

I think we have two choices.  Sell to CMEC or some other Chinese outfit that will happily pay the bribes and be right at home swimming in this cesspool of corruption.  Clearly, PREPA will fudge numbers against a project if you don't pay.  We could get the same decision next fall if we don't pay the bribes that will be required in the new 1000 MW round that just began. 

The 2nd option I see is we move to reinstate our prior RICO verdict possibly adding in the current corruption and suggesting the FOMB is conspiring with PREPA.  We also tell every sympathetic journalist and congressperson about this staggering example of the ongoing fraud and corruption within PREPA and the FOMB. 

I don't know enough about the current standing of the old lawsuit to know if this is viable.  I do know that the share price of companies in lawsuits usually fall until a positive decision is reached, as smart investors run from the uncertainty of the legal process.  Lawsuits always take more money and time than anyone expects and few shareholders have the legal knowledge or patience to wait for a verdict that might not be favorable.

[Doctor90]

sell to CMEC, dividend proceeds to shareholders. Most will be made whole. Then proceed with Alberta and Sage.

[whoami2u]

For stage one PREPA applied six pass/fail criteria to ensure projects meet minimum requirements 1. Compliance with legal FOMB, PREB, and PREPA requirements 2. Adequate financial strength 3. Compliance with interconnection criteria 4. Net financial benefits for ratepayers 5. Project in late or mid stage development 6. Developer experience equal to 10x the project scale. My guess is we failed on #3.

[Schoen]

Thank you whoami.  Your understanding, as always, is very informative. I'm still trying to wrap my head around how poorly our leaders understood how this selection process would go down.  I think the power brokers in PR will do everything they can to keep us off the grid.  This is payback for winning the judgement against them.  The elites continue to call the shots down

[Doctor90]

either it was poorly understood or things werent as forth coming as they should have been