Greenbriar Sustainable Living Inc V.GRB

VOYA Financing

[shneps]

"On April 2, 2024, Voya furnished a letter to the Company that does not constitute a commitment to lend but sets forth certain indicative terms and conditions upon which Voya will use commercially reasonable efforts to structure and provide the proposed financing."

[tylerreddick]

That doesn't sound as positive as some would like us to believe. If/when that financing does come through, will shareholders get to see what all of the "terms and conditions" are? Considering it would be a very material event, no detail should be lacking. JMO

[Ripple1]

No one would or should disclose terms and conditions. That's way too detailed.  Mind you no one should  issue a NR for just getting a mandate letter either. 

[tylerreddick]

Are you suggesting we shouldn't know the interest rate, term, and payback details of the Voya financing?

[Ripple1]

I figure main terms like that would be disclosed  in the financial statements, i thought you were talking about a news release.  Plus there's got to be a lot of conditions attached to a big loan and I doubt these would need to be disclosed anywhere.

[tylerreddick]

Well, wouldn't you expect a HUGE news release from Jeff if/when GRB gets that loan? And if there is a news release touting what a big deal that would be, I would hope that simple terms as I described would be part of that news release, I would hope. As for the "conditions" attached to the loan, we haven't heard anything about that before, so no, I wouldn't expect that to be

[Ripple1]

Yea, I agree on all points.