Greenbriar Sustainable Living Inc V.GRB

So let me get this straight

[tylerreddick]

GRB has no cash and a $7.9 million working capital deficiency?

And as schneps posted:

" The fair value of the development project as a whole is not possible to reliably estimate as of yet, given we have not yet received all necessary permits or begun construction "

And yet on March 18, they issued the following in a news release:

" The schedule to break ground on Sage Ranch will be within the month of April, 2024 "

How could they predict a start date for Sage when they didn't have the permits on March 31?

And here we are, May 31.

[Blizzy420]

How can they say they are likely to break ground this summer?   Who knows but they do, hopefully nobody is buying shares off of fluffy news releases that actually discredit the management team.   That whole under promise over deliver mantra isn't Jeff's style 

[shneps]

I believe there is a bigger question that needs to be asked. With the major shareholders now controlling close to 60% of the share count (along with all the warrants and options held by this group), add to that all the loans, debentures, promissory notes, water rights, lands, accounts payables and accrued liabilities. Who  With a sharecount of 27M and $14.2M in liabilities what if a certain

[shneps]

Subsequent events - Subsequent to period end, the Company issued 620,000 common shares as a result of warrant exercises and received gross proceeds of $421,000. - Subsequent to period end, the Company issued 313,000 common shares as a result of option exercises and received gross proceeds of $319,300 - Subsequent to period end, the Company announced that it proposes to amend the exercise price and

[lunderk]

In the last video update with Sven.  Jeff mentioned why would he buy up shares from 50% to 70% owned of the company because grb would basically become a private company on a public exchange. You suggest there is a benefit to it?  How would this help Jeff given the delays. ~~Lunderk

[Ripple1]

PE wouldn't buy in without verified good answers to 1,000 questions.  Those guys are in a different league compared to the typical retail schmucks, like me and most of you guys.  Probably 950 of them Q, we haven't asked and haven't even thought of. 

[shneps]

Sorry Lunderk, I'm busy this weekend so will respond when I get a chance. I haven't watch the video, except for the beginning. I'll try and watch that first. Cheers

[Ripple1]

The chances of this going private is 0%.  Someone may take it private when the co. is undervalued and a slam dunk.  It's a slam dunk when it's generating positive CF or you can see it on the horizon. Sage had better get off the ground with final permits and a big fat loan, or at least get to the point where we learn if they can sell the units!  What's the true demand?