RE:RE:RE:RE:RE:RE:SvenEverybody needs to remember that Stuart Nacht was hired to get the Sage Ranch Project final approval by the City of Tehachapi.
During that time period Greenbriar was prepared to sell the entire package (with final approval) for less then $5M.
How do we know this?
Stuart's contract :
"The Company agrees to pay the Consultant, a bonus fee on the sale of the land attached with the
final Tentative Tract Map, a 5% cash fee on any sale under $5 Million, 7% on any sale between
$5 Million and $10 Million and 10% on any amount over $10 Million. To be eligible for the sale
the Consultant must still bc engaged by the Company, not been terminated for any reason, and the
sale must be effective within 18 months of the execution date of this agreement. The bonus fee
will not apply to the sale of 50% of the property to Captiva Verde Land Corp. for financing
purposes. Captiva Verde Land Corp. is a related company."
You will note two facts here.
1. With Final Approval and sale of the project Stuart would have received a 5% cash fee. You don't establish that $5M number without knowing the base minimum sale price.
2. The Captiva Verde agreement was for financing purposes of Sage Ranch and it was noted in the last interview that nothing has changed relative to the JV agreement. All the more supporting my personal opinion that it was merely closely related parties that took advantage of the 36M shares @ $0.02 picked up from Greenbriar's selloff.
A $720,000 investment for a 50% profit margin in the sale of Sage Ranch. (Remember where and who holds the most shares of both GRB and PWR)
And if Jeff were to distribute half the remaining profit to shareholders then that makes the above purchase even more enticing.
Sage Ranch is the only actual asset Greenbriar holds, everything else is currently a liability.
As I have stated before you should never count anything until you have "a signed purchase order" in hand, otherwise it is purely speculation.