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Bullboard - Stock Discussion Forum Greenbriar Sustainable Living Inc V.GRB

Alternate Symbol(s):  GEBRF

Greenbriar Sustainable Living Inc. is a developer of sustainable entry-level housing and renewable energy projects. The Company’s primary business is the acquisition, management, development, and possible sale of real estate and renewable energy projects. It operates through three segments: real estate development in the United States (Real Estate), solar energy projects in Puerto Rico (Solar... see more

TSXV:GRB - Post Discussion

Greenbriar Sustainable Living Inc > Buying/Selling Water Rights
View:
Post by shneps on Aug 17, 2024 4:38pm

Buying/Selling Water Rights

According to Jeff on April 27th 2021 he mentioned that he purchsed 204AF of water rights for $2.6M.
That equates to $12,745 per AF and yet he recently sold a portion of those water rights to Golden Hills for 22% less then what he apparently paid ($10,000).

And then there is the 115AF of water rights Ronnie Strasser is supposed to be paid $3.3M inclusive of the $1.05M non refundable deposit he has already received.
That equates to over $29,000 per AF.

The question definitely stands to be asked, Why are Greenbriar shareholders paying 3X as much for water rights then water rights Jeff just sold to a different entity for 65% less.
Comment by shneps on Aug 17, 2024 4:51pm
That comment about "Jeff" buying the water rights for $2.6M in 2020 seems to contradict the news release on May 6th 2024 in which he stated the following: "The Greenbriar (US) LLC ownership portion was funded in 2020 by the Chairman of our Real Estate Advisory Board, Mr. Sullivan." I personally would know whether there was $2.6M taken out of my bank account and not somebody ...more  
Comment by tylerreddick on Aug 17, 2024 5:43pm
Far too many questions that haven't been answered. Pretty hard to invest with those kinds of unknowns hanging over the stock's head.
Comment by tylerreddick on Aug 17, 2024 5:42pm
Do you really think Jeff would answer that question?
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