Greenbriar Sustainable Living Inc V.GRB

Bert and Ernie

[Duffman66]

Most people don't associate with this board because of the countless banter from you aces!! Open discussion is one thing, but you lads take it too such an annoying level it's sickening. Welcome to the Wild West of investing in the TSX Venture.
An incredible amount of stocks in this venture never do come to fruition. I find it intriguing how they keep such a low share count for so many years. I will admit that the land asset is not currently in GRBs balance sheet but if it makes it there with approval. It will be quite impressive to have such a valuable asset on the portfolio. It makes the stock alone with that asset 4 times the value it is now.

[tylerreddick]

I'd sure like to see the numbers to back up that ridiculous claim.

[Duffman66]

Look no further then the Atlus report. They highlighted the appraised land value and is all public information. Now that total is not allowed to be on Grb's balance sheet till they get to the yellow slips acceptance and are allowed to take non refundable deposits 

[tylerreddick]

Until then, it is just goat pasture.

[shneps]

The Altus report is a pro forma report and not an appraisal.  Read the document disclosures. In particular the revised report in which the disclosures were actually highlighted. There's a reason for the report not being on the financials. Give Altus a call if you'd like, number and contact is right on the report.

[Ripple1]

Why can't they take the deposit?   What law is that?

[shneps]

California law to protect buyers.

[Ripple1]

Thanks shneps. Undoubtedly there's a good reason for that law.  Then GRB needs a big pile of money from home offices, private equity or a PP wouldn't you think?  You can't expect a project of this size and assuming it's done in a few phases, to be financed completely by debt.  IMHO