Post by
whoami2u on Feb 10, 2021 9:11am
Timeline and share dilution
Wealth2015.... In regards to timeline for completion, on January 25th Jeff stated that "These are all "inside the fence" projects, so we require no discretionary permits and we are not required to be on any transmission queue. This is all "inside the fence". Ideal brownfield projects." So it seems there's not much holding up building these projects. Just a matter of construction time. Some have also worried about GRB spending cash on PWR shares and leaving no cash for their own expenses. Maybe even causing the need to raise cash by issuing more shares. Well in the Jan 25th news release Jeff also stated that "Greenbriar and its stakeholders will finance up to the first CDN $120 Million of new solar facilities and is prepared to extend the commitment up to a further $500 Million. Financing will be done at the project level and will be non-dilutive to Greenbriar Shareholders." GRB will be generating income soon so Jeff has done a good job getting us to this point with just 32 million shares outstanding. On a side note I've been intrigued by the pumping of penny/small cap stocks on Reddit. I've never been on Reddit before but when I read about the novice investors on there they seem to prefer heavily diluted stocks with hundreds of millions of shares outstanding. So unfortunately I don't think we'll be one of their victims. We're going to have to do it the old fashioned way and create value.... I would be ok with a quick pump to $10 in 2 or 3 days for no reason though lol