Post by
sheepherder1234 on Jul 03, 2022 9:25am
Phantom Bid on Sage has bad smell
Why would Phantom bid $79M for SAGE only when the whole company is trading at a $38M market cap with no real controlling block of shares. The economic reasoning would be for Phantom to take over the whole company for $40-45M, keep the real estate and then list the energy assets or sell the energy assets to another group..that is a sound business scenario..current scenario has a too good to be true and bad bad smell to it.
PS those talking Nasdaq listing..you need $4USD/share price to list..so these guys would need a big roll back
Something does not make sense..why pay $79m when the WHOLE company can be had for $40-45M
Comment by
Frosch1 on Jul 03, 2022 10:00am
Greenbriar shareholders, including myself, will not sell the stock at this price - not even at $3 or $4. Phantom knows that too. Phantom must increase - otherwise GRB will do it itself or other bidders will come. Sage is a very good asset - but I think WestLake will be even better.
Comment by
9Islucky on Jul 03, 2022 10:22am
Poor Sheepman:Triple teamed in a millisecond.