RE:RE:RE:RE:RE:RE:Sell hemp and Sage?Of course this is merely my personal opinion but the way I see the conflict of interest between GRB, PWR, their CEO and the board of directors is described below:
- It is not posible for Jeff, in the positon of CEO of both companies, to make decisions on the behalf of either company without creating a conflict of interest. In the current environment.
- PWR was to be the funding mechanism for getting Sage Ranch across the finish line and being able to build houses. When Jeff and the board failed to follow through on the JV agreement (obligations for the JV were fulfilled) with Solargram Farms then of course Solargram Farm shareholders retaliated with the lawsuit. Those shareholders are owed $30M shares. Jeff first response was to start charging them rent for being on the property. This fell through because the property is held in a trust and it's not secured.
They bit the hand that feds them.
- There is also the conflict of interest in which the Strasser's have been significantly involved in both companies going back at least three years. "5 acre land parcel located in Tehachapi, California, within the Company’s existing 1,000 home subdivision (the “Land Parcel”). Purchase and Sale Agreement dated September 26, 2019 between the Company and Ronnie Strasser, for the purchase as sale of the Land Parcel." - Remember Jeff totally denying this resently.
- The Strassers have invested in both companies (review the filings) and then make a proposal to purchase Sage Ranch. If GRB had accepted this offer a lot of issuses (funding projects) would have disappeared.
Remember how I have shown the purchases of land that are bought and sold with each occassion at a higher valuation. (including Solargram Farm lands)
This plays out the same with the water agreement purchases that have been made by Ronnie Strasser and also by Paul Morris.
If the water agreements and land have such value why are they being quietly being bought and sold by persons outside of the company's shareholder structure. This should all be revenue generating vehicles utilized to move the projects forward but instead are self profiting.
I have zero issue with people profiting and making money but not at the expense of the companies they are operating in a public forum.
Want to be private, be private, but these are publicaly traded entities and need to be administered according to ethical rules.
If PWR had fulfilled their promise to the New Brunswick investors along the JV's of both Solargram and Sage Ranch these issues would have disappeared.
- If the cannabis industry had not gone a a sh-te and PWR was able to make payments for Sage Ranch nobody would give a care in the world about the conflicts. Everybody would be winning. Obviously that is no longer the case.
It needs to be unwound.