Greenbriar Sustainable Living Inc V.GRB

Phantom Bid on Sage has bad smell

[sheepherder1234]

Why would Phantom bid $79M for SAGE only when the whole company is trading at a $38M market cap with no real controlling block of shares.  The economic reasoning would be for Phantom to take over the whole company for $40-45M, keep the real estate and then list the energy assets or sell the energy assets to another group..that is a sound business scenario..current scenario has a too good to be true and bad bad smell to it.
PS those talking Nasdaq listing..you need $4USD/share price to list..so these guys would need a big roll back

Something does not make sense..why pay $79m when the WHOLE company can be had for $40-45M

[Frosch1]

Greenbriar shareholders, including myself, will not sell the stock at this price - not even at $3 or $4. Phantom knows that too. Phantom must increase - otherwise GRB will do it itself or other bidders will come.    Sage is a very good asset - but I think WestLake will be even better. 

[9Islucky]

Assuming your theory,and last Thursday's trading could be an attempt to buy the co.,if the stock went up 20% a day according to the rule of 72 the price would double every 3.6 days and by the end of a few weeks you would be paying $12.00  a share with perhaps 5 million shares out of 31 million accumulated and Jeff's shares held tight.  Good luck with that,but I would be happy to

[Hubbie87]

You've obviously never seen a company, or it's assets get bought out before. The share price only reflects sentiment of the stock market, not the value of the company. Right now you can find gold companies with major assets trading at little more than the cash they have in the bank, because investors have negative sentiment towards gold. Once that changes, gold companies will double/triple

[9Islucky]

Poor Sheepman:Triple teamed in a millisecond.

[Paddymelt]

Thank you Sheepboy, On this July 4th holiday weekend you have managed to out do even poor old Shnepps by posting one of the most obtuse comments ever. "Why pay $79M when the whole company can be had for $40-45M" If you truly believe that the current market cap of every company is an accurate value,you in fact are (ironically) one of the financial sheep. Irrespective of share price,in a