Greenbriar Sustainable Living Inc V.GRB

Two things

[tylerreddick]

"Ciachurski, representing Greenbriar in a webinar on April 26, said the company was waiting for city approval of engineering plans it has submitted"

How on god's green earth has that not been completed?

"The judge questioned reliance on the city's Term M&I agreement with the water district "when there are readily available undisputed facts that would show that the contractual entitlement is not feasible.""

To me, that is the key question. The contract with the Water District is only good if there is water to import. They have lots this year, but it has been clearly demonstrated recently that climate change has made that supply uncertain.
JMO

[shneps]

The City stated they will not issue permits unless water rights were transferred. Apparently as of yesterday this still hasn't occurred (otherwise they would have stated it).

[tylerreddick]

Paul Morris and Ronnie Strasser have lots of water rights, and aren't they supposed to be behind this project? So why hasn't there been some kind of formal lockup agreement with them that would satisfy the judge? Have you seen one?

[tylerreddick]

But according to SEDI, neither one has an equity interest in GRB. 

[shneps]

According to Greenbriar's new website Paul Morris is no longer President of Sage Ranch so doesn't need to report as either a director or executive. And obviously doesn't own 10% of the issued shares(There is also zero things being mentioned about the multi billion dollar acquisition of Forward Living, but nobody asks those kinds of questions in webinars) Key shareholders need to own 10

[tylerreddick]

Thanks shneps. I knew that they could hold a smaller position, I was just curious if the cheerleaders had anything to say.   I guess one of my many worries is that without a considerable financial position in GRB, what are the chances those two holders of water rights might just bail and put those rights to better use? It would be so easy for GRB to put that question to rest, and at the same

[Jimmyjohn1111]

In the QA there was a Paul morris questio.   Allot of word salad but indicated he's still involved no?

[shneps]

I personally haven't seen the whole video so you may be correct. 

[Blizzy420]

This post has been removed in accordance with Community Policy

[mikebush]

Yes, how hard is it to have formal documents detailing where the water will come from, from each source?  Formal contracts, with conditions probably, but automatically enforceable and processable when conditions are met.  Perfectly clearly stated.  Anybody doing a project would want this.

[shneps]

I totally agree. The same would go for the loan conditions. What interest is being paid? What exactly are the security conditions? What are the payment terms and conditions? They have already given VOYA a lot just for the mandate letter and loan execution, let alone the related costs of the actual financing. Keep in mind none of the costs associated with financing Sage Ranch are in the Altus

[tylerreddick]

I have never really understood why so many investors are ok with knowing so little about their investments. Each unknown detail may be minor on its own, but when you add them all up, the sum total of unknowns adds a lot of risk to owning this stock. JMO

[Ripple1]

This post has been removed in accordance with Community Policy

[Blizzy420]

This post has been removed in accordance with Community Policy

[tylerreddick]

Maybe, maybe not. But the simple fact is that anyone who will not acknowledge the warts of their investments is either fooling themselves, or trying to fool others. Either way, it helps no one. My views on any particular stock will change as circumstances change, and my trading almost always reflects that. But sometimes I will be critical even when I am long, and I doubt many people do that. If

[shneps]

Why wasn't there a formal document/deed issued to Captiva Verde for their 50% ownership of Sage Ranch? I don't know of any lender that would provide $5.6M of loans for an asset for which they have no legal status. VOYA requires the security of the entire Sage Ranch assets (and possibly more) but Captiva Verde management shrugged their shoulders and said don't bother, we're good

[Ripple1]

GRB 's news release about the settlement between it and PWR that has 50% of Sage going back to GRB is one of ones that he  scrubbed.  I don't know if any other service carried the story.   To the casual investor who'll buys with 20 minutes of research after reading some fluff piece he'll get a 404 message if he tries to open it up.  PWR is .02 cents. It'