RE:RE:Updates from JeffLet me take a shot at this.
If Sage Ranch doesn't get built.
I'm not sure VOYA gets their break fee because GRB in this case did not go through another lender as the contract states. I can not imagine a situation where GRB hires another lender without VOYA being the ones to walk away.
The warrents are useless and SR is worth nothing except the land it was suppose to be built on and I can't imagine that gets GRB above the debt holders. Shareholders strike out.
Even if the VOYA money isn't used on debt (or can't be) as Tyler stated. Once that $12M drops I think private investors likely would be willing to come up with some money to cover some debts knowing the shareholders aren't the only ones GRB is now accountable to. This will likely cause some dilution but that's the point we are at and shareholders are likely in agreement its a binery scenerio. It either happens or it doesn't so some dilution is expected and acceptable to get going.
Focus immediately shifts to Puerto Rico not to many people will think about SR assuming construction is moving
If Puerto Rico breaks ground in 2024 this stock is north of $4 no question. This scernerio even if possible I'm not sure I can visualize it.
Let's say they don't break ground until heck... late 2026 early 2027. I still think Montalva would be the crown jewel of the whole investment. However Sage Ranch would likely need to fund some of it in the meantime to keep that train going. If Sage Ranch doesn't get built I can't see us staying afloat 3 years in the meantime. Unless private investers are convinced this can happen.
If Montalva falls through and Sage Ranch runs its course I think shareholders may make money but the ones that bought high likely won't see it worth the wait. Unless other project come along in the meantime.
Hopefully Sage is good to go.
If Montalva can eventually get going that's the big one and if it takes a long delay... fine I guess.
~~Lunderk