RE:RE:RE:RE:RE:Opening PRICE!The Strasser's are friends of Jeff's and are (according to Jeff ) already significant investors in Greenbriar.
Certainly not the nine figures Jeff lead us believe the offer might be for, in fact it is an offer at significant discount to value. Certainly doesn't portray Greenbriar's references to wanting to not just develop but own the assets.
The 45 day due diligence period lets Phantom off hook. Do you actually think they don't already know everything about Sage Ranch?
The PSA is also another means out.
One week decision, 45 day due diligence and an additional 60 days to close. Four months. Lots of means by which Phantom can drop the offer.
Just my opinion but this has several purposes.
1. Being to increase the share price for NASDAQ listing acceptance, and if it were to close, to add the assets to the books.
2. Smoke and mirrors. Until this is a binding sale it is playing with investors minds that they will be missing out by not buying in now.
3. Again the land tract aspect of creating value by selling the asset (or at least insinuating the intention) to a friendly within the group. I referenced this previously with Solargram Farms real estate.
As for PWR, it is not a formalized JV but still within the option period. As with Solargram Farms the agreement was merely cancelled before the JV was fulfilled. There is absolutely no reason PWR couldn't come up with the funds to fulfill their side of the JV agreement. The company has already provided well over $5M toward Sage Ranch. Phantom could would be more prudent with their money to supply the remaining monies needed to fulfill the agreement and receive 50% of the net profit for Sage.
Question is - What has (since the being) been Jeff's intentions related to the JV agreement? Was it ever intended to be fulfilled?