Post by
shneps on May 08, 2022 10:15am
Webinar Questions
Montalva - In February 2021 the FOMB approved two projects and on March 25th 2022 approved 18 more projects. As all the original "to be negotiated" agreements were thrown out and a new tendering of renewable energy projects was completed. Obviously GRB submitted their bids and were unsuccessful in being awarded a project. The FOMB found the original amended agreements would cost Puerto Rican tax payers $387M over 15 years and (within their mandate) told PREPA to instead commence a public bidding process. "In addition, the Company has submitted an application in the new Request for Proposal the FOMB asked the non-selected projects to apply to in case the above actions are unsuccessful." - GRB Financials. GRB participated in the same tendering process as all other proponents and was obviously unsuccessful. This process has been completed and GRB was not awarded a contract.
Is PREPA requesting another tendering or is this process now closed?
If GRB were successful in a subsequent tendering process, in the future.
How long is the timeframe from contract award through to final transmission line connection (revenue generation)?
Is the current existing transmission line limiting the capacity Montalva could supply?
Does it require extensive capacity upgrades for Montalva to be developed?
CEO - On numerous occasions the CEO has stated he does not receive a salary, and never has. In 2021 there were over $2.74M in bonuses paid.
Who received these funds?
Last year how much money was the CEO compensated through GRB, PWR and all subsidiaries associated with the two business entities, including share based compensations?
There were over $6.7M ( 3x more then 2020) was paid in G&A last year.
Sage Ranch - PWR has funded the 50% purchase of lands for the Sage Ranch, funded all permitting and development costs to get Sage Ranch to the point of "full and final approval".
Why has the JV agreement not been executed?
Solargram Farms completed all requirements related to the JV agreement entered with Captiva Verde.
Why did GRB not execute the agreement?
By not fulfilling the JV agreement PWR does not have accounts receivable coming from Solargram Farms and cannot fulfill their financial obligations to Sage Ranch.
Because of this Jeff is placing PWR shareholders in a position in which GRB will likely not execute the JV agreement after having funded the entire project and loss the right to 50% of the net profits from Sage Ranch.
As CEO of PWR is Jeff not within an extreme conflict of interest related to working in the best interest of PWR shareholders?
As it stands right now GRB could merely cancel the option agreement and PWR shareholders are left with nothing. Very conflicting for Jeff to be working in PWR shareholders best interest.
As the First Phase of Sage Ranch is being built adjacent to Valley Blvd.
What is the relevance of the City building out Pinon Road presently as this would not prevent Phase 1 (and more phased) construction from commencing immediately?
Sage Ranch is still required to receive "Precise Plan" permitting and building permits before any construction can begin.
What is the expected date for the first occupancy permits to be issued for Phase 1 (revenue)?
As GRB, its subsidiaries and Jeff have been served for the Water District's lawsuit why is there "zero" chance of the District being successful in effecting Sage Ranch?
Besides costing a lot of money to execute placing the NPV valuation on the balance sheets what would be the purpose of spending this money?
GRB pays 2% annually on "unused" funds.
What is the rate on the funds they use?
How is the 6.25% of total funding (through the issuance of warrants) incorporated into the overall rate being paid?
What conditions are required (within the mandate) before any monies are released? i.e permitting or presales.
For the monies to be released to Sage Ranch there must be a point of execution GRB need to achieve.
Having these mandates in place currently is GRB paying any costs for retention?
Is the $1M break away fee strictly applicable to GRB attaining another lender or are there other conditions related to the breakaway fee?
Voya is eligible for the warrants at closing.
What determines "the closing"?
General - There was $760,000+ dollars spent on marketing in 2021.
If Morris Keller is being paid over $25M for selling Sage Ranch homes.
Why are they not contributing a significant amount of this expense?
Of those expenses is any of it being paid to media influencers or stock promoters on either Stockhouse or CEO?
Thanks you in advance and I look forward to the webinar tomorrow.
Comment by
shneps on May 08, 2022 10:46am
If people are interested in any of the previously posted questions please forward them to the following: sven.vandebroek@gmail.com for inclusion in the webinar. Obviously I can't do this personally due to likely retribution from Jeff in the future, having accessed my contact information. Cheers.
Comment by
Charlesrookie29 on May 08, 2022 3:49pm
Lucky.. Shneps lays outs some solid questions and this is your reaction? You are pathetic. This post just proves that you live inside Jeffo's axx. Have fun during tomorrow's circle jerk boomer!! lol