1. Water Rights 2. GRB Share Price 1. Below are my Answers to a few Water questions:
1. Why did shareholders have to purchase 340 additional acres of water for Sage Ranch?
(Referencing a "multi-million dollar effort..." does not necessarily entail that the rights were physically paid for by dedicated shareholders)
Answer: The shareholders did not have to buy anything. There was no gun to their head. The shareholders chose to do so for several reasons. a) Deeded Water Rights are worth more than gold in the TCCWD as that Court Adjudicated Water District has its own seperate water basins with a current inventory of 270,000 AF (according to TCCWD) of water with its own recharged supply seperate from the State Water Project. Deeded Water Rights in TCCWD cannot be taken away, they are owned in perpetuity, they are owned deeded assets, not leases, and they were physically paid for in cash. (The shareholders bought 304 AF, not 340, ... please read the news release).
b) The shareholders know that it is impossible to buy this quantity ever again from a single seller. (Seller is 88 years old and has monetarily needy adult children)
c) I control the 28 acres across the street from Sage Ranch with T4.5 zoning (300 apartment units) that does not require a CEQA study (its under 500 units). That gives GRB opportunity beyond 995 units
d) Once Sage is started and the additional 28 acres approved, that is the end of the era for building any type of quanity of homes in the entire Valley of 38,000 people. Nor the City, nor the County, nor the TCCWD will permit any new sizeable development. That is why the 828 acres asking $14.7 Million will never be sold. There is no water for that project.
2. How were the water rights acquired and what are the financial ramifications to shareholders?
They were acquired through a private purchase and sale agreement that is now closed and completed. The ramifications to shareholders is phenominally positive nbecause GRB having access to water in the TCCWD and in a USDA overlay community that is 75 minutes north of Los Angeles City boundary located in a healthy Exurb is brilliant. This acquisition is a force multiplier.
3. Were the water rights physically purchased by GRB or merely shared from another entity's rights holdings?
Repeating the news release again, they were purchased by shareholders. It was a multi-million dollar cash purchase and I did not want to dilute GRB for one large purchase at once. This can be obtained by GRB within the construction budget at a later date and form part of the water fee that we would have to pay the City anyways, if you do not own deeded rights. Our method is cheaper as it avoids the City as a middleman. I do not understand your term "sharing from other rights holdings". Everything bought was paid for in cash and the purchase was of Deeded Water Rights. It is not an option and not a lease and not a share arrangement.
4. Was the action of purchasing or sharing the 340 acres of water rights the "negotiated settlement" results with the Water District?
There is no sharing. IT WAS PURCHASED.
Nothing regarding Settlement with the TCCWD can be discussed publically. We are all under strict confidentially provisions.
2. Greenbriar Share Price
Please note how optically easy it is to witness the GRB share price manipulation on the Toronto Venture Exchange. Yesterday (Friday July 22, 2022) was a perfect day to witness that. A friend bought 30,000ish shares of GEBRF on the US OTC at USD $1.12 yesterday. That is CDN $1.44, of which price we traded at for 95% of the trading day on the Toronto Venture. Then 2 minutes before the close, the TD proprietary desk sells a bunch of hundred share lots down to CDN $1.35 at 3:58 PM EDT.
Their goal is to pull out a seller(s) on Monday so they can arbitrage into the US buyers.
The life of a mooch. Someone has to add value to the economy. LoL