RE:Question for Jeff why Greenbriar diluted instead of Captiva?Galen ...
You are missing a lot. But before I answer you could of sent me an email or phone me (as you always do) before you make incorrect assertions and then end with "Am I missing something?"
1. GRB did not give to Captiva for free.
For a 50% net profits interest, not a 50% ownership interest, Captiva pays all costs and GRB remains the owner of the asset. Plus Captiva issued GRB 10.7 million shares,
2. GRB made the deal in 2017 long before the city agreed to allow 1,000 units in 2019
Captiva took on full risks in 2017 when the City's position was totally unknown.
3. Any shares GRB issues to the Sage Ranch CEO will be fully reimbursed by Captiva
If Paul exercises the GRB options at $10.00, that cost of $3.5 million will have to be paid by Captiva or else GRB takes another $3.5 million in profits before Captiva gets anything.
I hope this calms you down.
Best
Jeff