RE:RE:Sage Ranch Current Valueshneps wrote: "Newport Beach, California--(Newsfile Corp. - July 6, 2022) - Greenbriar Capital Corp. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar") is pleased to announce that the Company has engaged Paul Morris Forward Living to sell to institutional real estate investors our fully entitled 995 home Sage Ranch entry level subdivision in California for net USD $139 Million (CDN $181 Million) or USD $3.71 (CDN $4.82) per share fully diluted, with Greenbriar and its General Contractor to manage and execute the construction oversight and permitting."
$181,910 per unit or $21,000 per unit- Hum?
I do remember Blizzy, 9Islucky, Frosch, and Hubbie all eating up that pie-in-the-sky valuation.
Apparently none of them ever owned a house, let alone had anything to do with building a new one.
A really nice lot in a prime area of Flagstaff might command that price tag, but Tehachapi ain't no Flagstaff.
No knowledgeable investor gave that news release a second thought. JMO