RE:RE:RE:RE:RE:RE:Jeff Speaks about the Water DisputeI agree.
The only objective currently for Greenbriar is the approval to construct for either Sage Ranch or Montalva.
Approvals for Sage Ranch mean that VOYA may be willing to loan the $12M secured on the entire property but also means 50% (guesstimate) will be fed back to deficits. I would really like to see the language in the VOYA agreement.
I liked Jeff's comment in the video that the bank will never own Sage Ranch - "as long as we make our interest payments". Kind of sounds exactly like anybody holding a mortgage. As long as you pay it's yours. If you don't pay it's ours. Hello.
As for Montalva apparently they haven't even made it past the PREB, let alone the FOMB for an approval to move ahead. There is still environmental approvals, financing approvals, line and interconnection analysis but in my opinion it is the FOMB PPOA approval that the company is currently striving for.
There are three major shareholders that are obviously placing their thumbs on Jeff for some type of execution before they will considering further financial supports.
If they can get either permitted construction approval the game changes but until that time this is walking on very thin ice.