RE:revised water rights & PWR debt settlement Wow, that is quite the confusing "word salad".
When I first read this I was like "What? Ronnie Strasser is dropping all of the legal issues between GRB and PWR for a measly $35,000 pay out to the water rights agreement."
You have to read this in conjunction with the PWR wrod salad press release -
[url=https://ceo.ca/@newsfile/captiva-announces-share-repurchase-agreement]https://ceo.ca/@newsfile/captiva-announces-share-repurchase-agreement[/url]
Greenbriar is issuing 1,500,000 shares of Greenbriar to Strasser & Co.
Oops, forgot to mention that to GRB share holders.
As for the water rights look at the following MD&A outright BS justification related to shareholders paying significantly more for water rights.
"Given the scarcity of water rights in the area and the lack of frequent purchases of water rights to rely upon, management of the Company used their business judgement when determining the value of the Company’s water rights option agreements. Ultimately, water rights prices are determined by the seller and there is little or no room for negotiation, although the Company has received advice from an experienced third party that the minimum value of additional water rights, if available for purchase, would be between US$25,000 to US$30,000 per acre-foot."
And yet with this NR shareholders are are know paying an astounding $38,347 per AF.
That is a 37%+ percent increase from their own average stated ONE DAY before.
Not only that but Ciachurski and his wife sold their water rights to Golden Hills for $10,000 per AF and the City is purchasing water rights for between $7,000 and $8,000 per AF.
But Greenbriar shareholders are paying a massive premium to "undisclosed" majority shareholders.
That doesn't include the 1,500,000M shares of Greenbriar being issued to get back the option agreement.
Wow!!!!!!!!!!!!!!!!!