RE:Montalva UpdateWhat could possibly go wrong in Puerto Rico? It isn't like they would just default on hundreds of billions in debt and other obligations. Oh wait a minute....
JefffCEO wrote: The deadline for PREPA to respond to our PREB action of March 18 was April 7, which was today. PREB issued a Summons to PREPA on March 18 and gave PREPA 20 days to answer why they placed false numbers into the analysis of Montalva. This included a false analysis of the transmission study, false transmission costs and false PPOA price. Today, PREPA did not respond by today's deadline or even ask for an extension. Today PREB appointed an ALJ (Administrative Law Judge) to examine the evidence and make a decision. An ALJ process happens much faster than any court application and we are happy that PREPA offered no defense and did not request an extension. They have no defense. This is all on the PREB website. JEFF CIACHURSKI Chief Executive Officer Greenbriar Capital Corp Greenbriar Capital Holdco Inc Greenbriar Capital (U.S.) LLC Captiva Verde Land Corp 9 Landport Newport Beach California USA 92660 Direct: 949-903-5906 email: westernwind@shaw.ca www.greenbriarcapitalcorp.ca CREATE. BUILD. GIVE Talent hits a target no one else can hit; Genius hits a target no one else can see.