RE:RE:RE:RE:RE:Shneps, this is not the Captiva message boardThe 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") is pleased to announce that the Company has engaged Paul Morris Forward Living to sell to institutional real estate investors our fully entitled 995 home Sage Ranch entry level subdivision in California for net USD $139 Million (CDN $181 Million) or USD $3.71 (CDN $4.82) per share fully diluted, with Greenbriar and its General Contractor to manage and execute the construction oversight and permitting.
Altus never considered in their analysis, US federal agency building grant programs, US federal agency interest rate subsidies, or valuations based on federal grants providing up to 90% of the construction and acquisition costs adding to US $220 million, the revised NPV.