Post by
shneps on Oct 04, 2024 9:06am
Forward Living Procurement
I know things have been extremely quiet around here lately so I thought I'd repost a conversation Jeff had with himself to 9srlucky on July 5th 2022 -
"Do you have a date on the news release Greenbriar issued regarding the takeover of Forward Living Reality where GRB would take on the USD $165 Million of annual commission income from USD $11.8 Billion of annual real estate sales? Someone called and said it was May of 2021 but I am certain it was issued before that date. Our Cox Cable was down in Newport Beach today for a few hours and could not access the internet while in the July 4 boat parade. Staying in Catalina Island overnight. Please check your records and see what dates you have. I am certain we did not issue a release on this issue in May of 2021."
This always make me laugh at how stupid Jeff thinks his shareholders and posters are. Hum, I can post on Stockhouse but I have no internet access to answer my own questions. OMG.
Let's also note the numbers that were project as to Forward Living having $11.8B in annual real estate sales. Yes, that is exactly what it states.
Compared to Forward Living sales in 2023 of $2.4B or an 80% drop in revenues.
Thank goodness Keller-Williams never allowed this transaction to proceed at the valuations being projected. Shareholders would have paid a significant premium based on those numbers.
The original NR stated the following - "The revenues we propose to buy, consists of the franchises ownership of 3,300 agents, comprising USD $7.8 Billion of real estate sales and about USD $164 Million of consolidated commission income."- April 15th 2021
"There will be a breakup fee in favor of Greenbriar if the transaction is not consummated."
Where is the break up fee?
Or did Paul buy dinner already?
Sorry for Paul Morris but I don't think his he personally hurting too significantly.
Comment by
Ripple1 on Oct 04, 2024 9:28pm
There's a bull market out here ,where the sun shines,