Sage Questions?Jeff:
First: I believe Sage has great potential for either Sage to develop or a potential sale. Jeff is 100% correct about the need for housing for the Aerospace Community in the greater area and these engineers/mechanics can afford Sage even with the higher rates.
(I also, agree with Jeff, The hardest work has already been completed)
Let’s assume the value of Sage is worth 40MM-USD (I believe it is worth – much-much more)
Why wouldn’t you as the fiduciary (CEO) to Captiva have Captiva take out a loan and make sure that PWR shareholders are compensated? I am sure there are plenty of hard money lenders – PEGS who would loan the money for a potential reward?
It just seems like a lawsuit waiting to happen if Captiva does not participate.
Also, why hire Paul Morris (who is a very accomplished in residential sales and management) but is not an investment banker to represent Sage to investors. Confused – I am sure there are some great Investment Banks that work in this area.
Thoughts?