Greenbriar Sustainable Living Inc V.GRB

Shneps, this is not the Captiva message board

[SvenVandeBroek]

Shneps,

I think you are a disgruntled Captiva shareholder and I also think you are abusing this board with all your negative rants and assumptions about Greenbriar. 

The SEC filings for Greenbriar quite clearly state (for a while now) that Captiva is still behind on their funding obligations:

On August 10, 2020, the Company entered into an option and joint venture agreement (the "Option and Joint Venture Agreement") with Captiva amending the terms of the original agreement.

Pursuant to the terms of the Option and Joint Venture Agreement, Captiva's 50% interest in the Sage Ranch Project was converted into an option to earn (the "Option") a 50% net profits interest in the Tehachapi Property by:

1. Captiva paying the Company a cash payment of $112,500 (the "Cash Payment") (Captiva satisfied this payment in 2018 under the terms of the Sale Agreement);

2. Captiva issuing the Company common shares (the "Share Payment") (Captiva satisfied this payment in 2018 through the issuance of 10,687,500 common shares under the terms of the Sale Agreement); and

3. Captiva funding the applicable permitting and development costs for the Sage Ranch Project (Captiva is behind on such funding obligations and no determination has been made as to the affects to the JV at this point in time).   

https://sec.report/Document/0001062993-22-012798/

That means there's no JV at the moment between Captiva and GRB.

Suppose you buy a house and you only pay off a few monthly mortgage payments... And then suddenly you stop payments. For whatever reason that might be.

Those past payments don't make you an owner of the house...

You will never be able to google a solution for that! And for sure you won't win the case in court.

The Captiva joint venture is currently not in play for Greenbriar's wholly-owned Sage Ranch project. It's merely a page in Jeffs playbook that has gone sour. An issue arose there that was obviously beyond Mr. Ciachurski's control. I don't know all the details but there's no reason at all IMO to suspect that Jeff did not want Captiva to succeed in making the last funding obligations. 

Meanwhile, your obsession with Greenbriar and in particular with blaiming/suspecting Jeff is not helping the cause of any Captiva shareholders at all IMO. 

You're mental on not trusting Jeff / Greenbriar and whatever anyone says can't convince you. I know... That's why I highlighted the part above...

But if you're not a shareholder of GRB, then move on. Lots of more rewarding things for you to do.

[nbinvestor11]

Here is the issue as I see it - Jeff is the CEO of PWR at the time of the missed payments - if Jeff wanted to make the payments to Greenbriar (PWR could of borrowed the money - using the JV as Collateral) It makes ZERO sense to me why he would let PWR get behind on payments with the potential profit for the JV to be worth so much to PWR. It is just my feeling - Jeff wants to get out of the

[Jimmyjohn1111]

I'm thinking they need settle solargram lawsuit then the payment will be made. If they aren't bankrupt by then. I own both hoping grb covers loss no pwr

[shneps]

Sven, Do you honestly believe the following two points are not relevent to GRB shareholders : 1. There is an option agreement in place between GRB and PWR for 50% of the net profits for Sage Ranch which according to the Altus report is $174M divided by two is $87M GRB shareholders may or may not receive. The fact that Jeff is the CEO of both GRB and PWR in my opinion has created a significant

[SvenVandeBroek]

Shneps, Sure, but your 2 points are not relevent at this time for GRB I'm afraid... 1. You're using a straw man argument (a fallacy in reasoning) trying to refute the fact that Captiva is behind payments. That means that there's no JV at this time and therefore no claim on Sage Ranch for Captiva. Claiming that there might be other avenues available for funding is a fantasy IMO

[shneps]

$87M and/or a potential lawsuit are extremely relevent. PWR has funded over $5M toward Sage Ranch including funding the purchase of the property. That is extremely relevent to GRB. If PWR remains in the JV then GRB is out $87M. (respectively) If you buy a house and make payments for 75% of the home cost and the home goes up in value from $7M to $340M you don't receive nothing for not making

[SvenVandeBroek]

There is currently no joint venture between Captiva and Greenbriar, Shneps... Read this SEC filing: https://sec.report/Document/0001062993-22-012798/ Captiva only has an option to earn into a 50% net profits interest of Sage Ranch by fulfilling the 3 conditions below. As they are behind on the third condition, they currently have 0% interest in Sage Ranch. It doesn't matter if Captiva

[nbinvestor11]

Sven: You are correct - it is only an option until all the payments are made.   PWR can exercise the option after the payment. However, all PWR would have to do is go to a hard money lender/hedge fund and pledge the option agaist the loan. Let's say - PWR borrows 5MM against the option - pays Greenbriar and (option turns into a JV) If PWR defaults on the loan to lender (the

[Hubbie87]

So then GRB/Sage has a 50% partnership with a hard money lender/hedge fund. Cool, what could go wrong with that! 

[nbinvestor11]

Hubbie87: Sage is a great opportunity - Bird in Hand Jeff is 100% correct on the need for housing for aerospace and also the new dry port which I never heard about before his press release. The USDA is also a potential but I need to learn more. Greenbriar shareholders should want PWR to default - more for Greenbriar however there is an option which is real and can not be ignored. PWR

[Hubbie87]

I would find it hard to believe that PWR could take out loans in order to fulfill its option obligations while it has no current income to pay for the expenses of building Sage Ranch, which would effectively put a lien on the property until those loans are paid off. It would seem that GRB can show the financial situation of PWR has changed in such a way that it can no longer fulfill the

[nbinvestor11]

Hubbie87: If PWR has an amazing asset to borrow (option to JV to sage ranch) - how much do you think that option is worth to the PWR shareholders) PWR can borrow using the option as the asset. It is very simple -  If you believe Greenbriar is going to walk away with the asset you are wrong.

[nbinvestor11]

Jeff: If an outside investor offered to loan PWR 5MM - at 15% interest with a 1 year term (ballon payment). If PWR defaults - Lender/investor gets the option and JV. Would you take the deal? NB

[Hubbie87]

Well, will see since no determination has been made. Doesn't make sense that the option itself can be used as the collateral as it then becomes quite meaningless, but not much surprises me these days. 

[nbinvestor11]

Hubbie: As soon as the lender makes the loan - PWR pays all the money and exercises the option and turns it into a JV.  This is now worth half a bird in hand. A company can borrow against anything.  Once we pledged a patent. NB

[Patrick2Linton]

This post has been removed in accordance with Community Policy

[Letsmakemoney9]

Probably need to wait for half to 2 years before we get a better offer for sage ranch , a perfect excuse for Jeff to put off breaking ground date  

[Hubbie87]

And no, I don't wish for PWR to default as a GRB shareholder. I believe this was designed to be mutually beneficial for the shareholders of both companies, so both could benefit from the success of the other. That is not the case right now, but I do hope it can be in the future. If PWR could have paid Sage expenses, it would have helped GRB. Since it can't at this time, taking out loans

[Frosch1]

The 139 MUSD is the obvious minimum for Jeff to sell Sage to institutional real estate investors.  This makes a price of 2.40 CAD even with a 50% share. Thus Sage is a solid basis for further growth of the company and also an incentive for West Lake to participate in GRB, especially at this share price level. And if Montalva comes along... the share will explode.  ("Greenbriar

[SvenVandeBroek]

The announcement for the sale doesn't mention anything about PWR. This makes sense because PWR is behind with payments and therefore PWR didn't fulfill its obligations (to become eligable for a net profit sharing of 50% of the Sage Ranch project) and so PWR can't exercise the option. The announcement does mention the fully diluted share price for Greenbriar which would equal to USD

[shneps]

Sven, I believe you are missing the point that Jeff is not only the CEO of GRB, he is the CEO of PWR. If he were not in a conflict of interest as to his fiduciary duties related to being Captiva's CEO the option agreement and ultimately the JV agreement would probably be a mute conversation. "You didn't pay the monies required to fulfill your obligation to form the JV. Sorry, too bad

[9Islucky]

Aren't they in a legal battle now?Why wouldn't the question re Sage be answered in that proceeding?

[navajojoe]

This post has been removed in accordance with Community Policy

[shneps]

Jeff is in a legal battle with Solargram Farms to try and have their invested monies returned to GRB. Nothing to due with the option/JV agreement. "One example of a conflict of interest that could potentially arise is where one of our directors or officers finds himself or herself in a position where he or she might benefit from a contract or business opportunity which could be obtained for

[SvenVandeBroek]

Shneps, you're making quite some accusations and assumptions again...  Give the man a (anonymous) call, will you please? He has offered you that call before (which you refused) and yet you still keep on bashing him, creating an almost constant negative atmosphere here for GRB with your confrontational/negative 'research' style. That's not fair IMO. I hope that PWR can

[shneps]

Not sure actually what you are referencing as "accusations"? As for "assumptions" please look at your own posting recently :  "But for now it strongly looks like PWR has a 0% interest in Sage Ranch. It also looks like Voya is going to take up the financing part for Sage Ranch." That is two assumptions your are making. Neither GRB or PWR have stated the option

[SvenVandeBroek]

Indeed. My mistake, Shneps. I've reread your post and you're not making accusations in it.

[shneps]

Appreciate your candor on the issue. Cheers