RE:Looking GoodDon't wait too long desertmule, fence sitting I mean. By definition 99% of the companies on the Venture are speculative and "risky"; so you won't find me disagreeing with your comment "still risky". At the same time, GRB offers an exceptional level of risk vs. reward going forward and a lot of "margin of safety" that you normally don't get w/ such a small company that has never produced any revenue.
It starts out with a management team that are PROVEN winners and is the truly rare team that actually walks the talk on running a tight ship on behalf of Joe Shareholder. Would you work for 10 or whatever no. of years for NO PAY? LOL - is that a real question?!
Would you together w/ other board members pay for $3m in expenses (still owing) out of your own pocket and not pay yourself back in $.25 shares to give you a "fair" return for that kind of personal risk?? They did not, they have not.
So you've got two deep value assets in Montalvo and the Sage real estate project in Kern County, Ca. (hmm Kern County same county as Edwards Airforce Base, home of the new B21 Bomber...just saying). Montalvo is on the cusp of monetization after years of immense frustration and backed up by a $951M USD GRB lawsuit. We bought the California real estate for a million bucks in 2011 and the distressed seller had spent $21m on it up to 2006; and we've just hired a developer to put it to work.
What about Realblock? RB is NOT a deep value asset. It is the result of brainsrorming an opportunity internally; innovation and cutting edge block chain technology to address a huge opportunity in title insurance; increased security overall and reduction of fraud in real estate transactions. RB is about the yada yada yada of what block chain is gonna do with its distributed ledger and controlled access, without the spinning around in theoretical circles going nowhere!
One thing it isn't about is coming up w/ a cockamamie scheme to pump up the share price to sell it on unsuspecting shareholders. Not with what they have in the game! So RB is all about making revenues and profits, end stop! But what if it doesn't work?
Name me a company with a C$25m cap with an opporunity to make USD$14m in the first year after declaring commercialization? I'll show you a co. that had a big hole in the ground with a bunch of liars at the top of it; or a co. that has bet millions or everything on a long shot!
I think RB has a great chance of success because every question I"ve asked has returned a great answer and because of the PEOPLE behiind it. But am I a title insurance and block chain expert, heck no! So if it fails, what's it do to my investment? what's the cost aside from big disappointment and embarrassment? I don't know, half a million bucks? A million bucks by the end of the suffering? That's pessimistic IMO and peanuts in the scheme of things. That's what I call managing / mitigating risk; a great risk v. reward
So let's not end w/ a negative thought, I think RB will be a great success! But to enter this venture with so much upside for such a small exposure is very impressive to my mind.
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