Greenbriar Sustainable Living Inc V.GRB

Initial Offer 2x Market Cap

[Schoen]

Black Maz, Yahoo has GRB market cap at 37.9 million CAD. 1st Sage Ranch offer is for 79.9 million CAD.  That works out to slightly more than 2x current market cap, not 4x as you suggest. The language in the press release bears that out.

I do think there will be higher bids, though.

Also note the 2nd to last sentence of the press release before the "About Greenbriar" boiler plate:

"Any acceptance by Greenbriar does not constitute more than 50% of our assets."

I take that to mean the company assigns a combined value for Montalva, Alberta Solar and anything else under the hood that is at least as great as Sage Ranch.  

I'm hoping more positive news comes out soon that helps the market assign much higher values to the other assets, along with higher bids for Sage.

[BlackMazz]

Sorry, wrong person, it was originally a comment by Galen I thinlk Yes , I did see the 50% reference, and coincidentally I also checked the MD&A right after, and I saw that reference too on the agreement with Voya. GRB must simply not give control (50%+) of the co. to another entity, plus other conditions. But I admit I'm just an amateur in this kind of stuff, so that is all my personal

[Schoen]

My apologies Black Mazz that was Galen's initial post I was responding to! I also thank you for sharing that the 50% of assets reference appears in their agreement with Voya,  Your explanation makes the most sense to me.  As written, the last two paragraphs of the press release are statements from GRB, not the potential acquirer of Sage.  

[SvenVandeBroek]

Hi Schoen,  This has nothing to do with our other projects at all... It's just them stating that their bid, if successfull, will not lead to a majority part of their assets. "Any acceptance by Greenbriar does not constitute more than 50% of our assets."