Post by
shneps on Aug 31, 2023 9:43am
Sage Ranch Costs
I see Greenbriar has amended the terms for paying Captiva Verde shareholders back the money they put up for the development of Sage Ranch. PWR is now going to receive (48) payments of $116,491 per month. This is perfect for making all the monthly consulting payments to Jeff, debt payments and the remainder going to the Strassers for their Padel team.
Thank goodness all the executives are being taken care of and Captiva shareholders won't get any of the $87M Net profits they were entitled too. Hum, should shareholders accept 42c per share in Net profit from Sage Ranch or the current 3c per share and executive compensation? I guess it will ultimately one day may have to be left to investigators and forensic auditors. These Greenbriar payments merely get added onto the Sage Ranch balance sheet in which Altus doesn't account for executive bonuses, financing costs, VOYA bonuses, consulting fees, payments for water rights, land transfers, lawsuits/lawyer fees and now $5.6M to Captiva Verde.
"Hey, just take it off my bill. Shareholders will never know what hit them".
A proper Altus financial assessment should be completed for the project, not a pro forma missing significant inputs. Besides the dramatic changes in the costs of inflation, construction costs, real estate sales and valuations. Inputs should be provided by independent third parties and not persons assosciated with the project's outcome. Some of those cost inputs go back to 2019 (DeWalt Engineering).
All this can be found in the Quarterly Financials /MD&A that was released two days ago. Interesting how that would have been announced in the past but is now kept quiet.
Comment by
tylerreddick on Aug 31, 2023 2:40pm
And your claims are any more believable? Not so much.
Comment by
SvenVandeBroek on Aug 31, 2023 8:50pm
"You guys, Schoops, Joe and Tyler, all 2 of you" ... That was just brilliant. Love it. Thanks for the humor!
Comment by
tylerreddick on Aug 31, 2023 6:09pm
shneps, the detractors are an empty vessels, as they have nothing of substance to talk about, all they can do is attack those who wonder 'what the heck is really going on'?
Comment by
SvenVandeBroek on Aug 31, 2023 6:23pm
You mean like the persona you were with all your negative one-liners that contained no substance, navajojoe? To hold a mirror is an expression that means to reflect something back to the person who said or did it. Thanks for commenting on the reflection it gave.
Comment by
Hubbie87 on Aug 31, 2023 7:34pm
LOL, WE are the detractors!