RE:Initial Offer 2x Market Cap Hi Schoen,
This has nothing to do with our other projects at all... It's just them stating that their bid, if successfull, will not lead to a majority part of their assets.
"Any acceptance by Greenbriar does not constitute more than 50% of our assets."
Schoen wrote:
Black Maz, Yahoo has GRB market cap at 37.9 million CAD. 1st Sage Ranch offer is for 79.9 million CAD. That works out to slightly more than 2x current market cap, not 4x as you suggest. The language in the press release bears that out.
I do think there will be higher bids, though.
Also note the 2nd to last sentence of the press release before the "About Greenbriar" boiler plate:
"Any acceptance by Greenbriar does not constitute more than 50% of our assets."
I take that to mean the company assigns a combined value for Montalva, Alberta Solar and anything else under the hood that is at least as great as Sage Ranch.
I'm hoping more positive news comes out soon that helps the market assign much higher values to the other assets, along with higher bids for Sage.