GRB a Scam?First off, let's remember that we've all decided to invest in a venture exchange company. The risk to lose money is high on this exchange.
When a company like GRB continually misses on the ability to close deals it can often make you wonder if something has gone awry.
That's what external audits are for. If you read the latest
"AUDITED ANNUAL FINANCIAL STATEMENT" released on April 30, 2021, you would have read this statement from the independent auditor:
"We draw attention to Note 1 of the consolidated financial statements, which indicates that the Company had a loss of $3,145,139 for the year ended December 31, 2020 and, as of that date had an accumulated deficit of $12,754,164. As stated in Note 1,
these events and conditions indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern."
With no revenues, ever, the losses are mounting. But I'm not invested for the current revenues. I'm gambling on potential future revenues.
If we were to label anything a scam it would have to be Puerto Rico and the agencies that lie within, such as PREPA. The corruption on that island is mind boggling.
Perhaps the selection of project locations is the bigger issue. In hindsight getting involved with Puerto Rico might have been a mistake.
Bad luck or timing might be a problem too in regards to Sage Ranch. Trying to get access to water for 1000 homes during the worst drought, possibly ever, might be problematic, or not. We'll find out how that plays out this summer.
When it comes to Alberta there's a big reason for Devon Sanford to keep quiet. There's 2.6 million shares up for grabs in Greenbriar's "Performance Share Plan". All 2.6 million could be his if he hustles.
And I quote: "Devon will receive 100,000 shares for each project placed in production plus 500,000 stock options at $1.50 per share." This quote can be found
HERE by selecting the "MD&A-English" released on April 30, 2021 and going to page 2.
Finally, the amount of public documents out there and the storied past of Greenbriar is hard to make up. You can read all about it
in that same MD&A document.
This company is not for the faint of heart.
GLTA