Greenbriar Sustainable Living Inc V.GRB

Sage Ranch Water Rights

[shneps]

In reviewing Greenbriar's startegy in relation to the water supply issues it appears they are working on the premise GRB and the City can supply enough rights and the whole issue is mute.

"The city and Greenbriar can provide 350 (acre-feet) of net adjudicated deeded basin pumping rights and re-approve the WSA (water supply analysis) and EIR. The TCCWD has no legal claim against adjudicated rights.”

350 net adjucated water rights equates to 525AF of actual water rights.

Greenbriar is currently paying their CEO, Paul Morris (large shareholder and Head of Sales for Sage Ranch) and Ronnie Strasser (large shareholder and Director of Greenbriar Advisory) water rights at a rate of USD $29,260.56 per acre-feet which equates to $40,038.54 CAD.

If GRB is the one who's paying that price per AF the equates to $21,020,234 just for water.

Add to that a working capital deficiency of $8,288,062 that comes to a total of $29,308,296 or 
JUST OVER 45 MILLION SHARES at the current shareprice.

If this was converted to shares that would a 130% dilution to current shareholders.

I am by now means stating that all those numbers are perfectly accurate and this scenario reflects on GRB basically buying the City's share of water rights. Some of the deficit may include some water right purchases (i.e. Jeff's) but the scenario also does not include all the fees assosciated with these purchases. I don't believe it will play out like this necessarliy but the point is the volume of dilution that is going to happen.
None of this was part of the ALTUS report proforma, so either way it will be coming from the shareholders back pocket. The three rights holders are being clearly enriched at shareholders expense.
Jeff just sold rights for $10,000 per AF privately and yet the others are being paid $29,260 per AF.
Add to this the current financing costs for the debentures and loans adding up every month.
Great to see that they have supportive insiders and a few shareholders but at whose expense?
That is a significant amount of money being removed from the the Sage Ranch profit margins.

Everything may still change completey with the fourth cause being issued by the courts.
Wait and see.

[tylerreddick]

" Jeff just sold rights for $10,000 per AF " GRB shareholders paid more than that just for the OPTION to maybe buy his water rights, and not necessarily even all of his rights. And even if GRB never buys his rights, he gets to keep that money.  I will let others decide for themselves if that is ok or not.

[tylerreddick]

By "his" I meant Ronnie Strasser. But again, why did GRB shareholders pay such an outrageous amount for just an option on his water rights?

[Baserunner]

Again head bottlewasher is acting like a BULL in a china shop!!! The town must have had it fill of him and all the bad press Sage Ranch has created! He never can go quietly along doing business ! He should try it sometime! Maybe that way a deal my FINALLY get DONE!  LAME DUCK is starting to look like REALTY! For SAGE RANCH !

[Samren]

Shneps,  you seem to know a lot.   let's talk !!!   

[shneps]

I thought Jeff was a good friend? Can you ask him what's happening and fill us in on.