Greenbriar Sustainable Living Inc V.GRB

Does this make any sense to anyone?

[tylerreddick]

" During the year ended December 31, 2023, the Company agreed to terms of an arrangement with Paul Morris, Independent Head of Sales for Sage Ranch, whereby the Company obtained an option to acquire an additional 76 acre feet of water rights for consideration equal to US$1.077 million. "

So GRB shareholders paid another million bucks to an insider for an "option" to buy his water rights. I wonder what the price of the actual water is? Where are the details? I don't see it in the 2023 annual report, has anyone seen it?

[shneps]

And then there is also this - "During the year ended December 31, 2022, the Company acquired 76 acre-feet of water rights for the Sage Ranch Project by way of a debt settlement agreement with TS Media LLC, an arm’s length party. Pursuant to such settlement agreement, the debt of US$1,000,000 was settled in exchange of 925,926 units of the Company. Each unit consists of one common share plus

[tylerreddick]

I could see GRB owing money to a media outfit, for some kind of advertising. But are they trying to say that TS Media had those water rights, and if GRB owed them money, how would TS hand over those rights? This just makes ZERO sense.

[shneps]

Things are so convoluted it is very difficult to keep track. But I suppose that is part of what it is supposed to be.

[lunderk]

"Duke to queen bishop."  *check "You don't have a duke,  duke isn't even a chess piece..." "Oh excuse me I meant...   Checkmate" I am so curious to see what the end game is.  Forget the ball and the shells. What will the result be. So many different ways this could go. ~~Lunderk

[tylerreddick]

No doubt that Jeff could still pull this off, but there has been far too much money ending up in the pockets of insiders, with nothing but losses for retail shareholders who held, for anyone to be optimistic going forward. But it sounds like everything will be coming to a head in the next few months, so it will be heros-or-zeros relatively soon. I am rooting for the shareholders, not so much for

[SuperTrader1970]

Still a chess piece missing

[Ripple1]

I hope Greenbriar Sutainable Livimg disclosed this TS Media agreement in 2022 and 2023 financial statements or what the heck use are the financial statements?

[Ripple1]

This deal with Morris's had to be reported in last year's financial statements ?  An agreement was made last year  so I got to think they had to report it last year,  even if the money was paid this year or is set up to be paid.  Especially if it's a non refundable option .  

[Ripple1]

The Strasser deal was reported in 2023, but Strasser just wasn't identified at the time.  I didn't look up the 2022 on sedar but I expect that deal was reported.