Post by
tylerreddick on Oct 19, 2024 12:08pm
This is confusing
So Captiva Jeff wants to pay Strasser for consulting fees related to the Padel Club, but Captiva has no money.
So Greenbriar Jeff tells Captiva Jeff that he will give Captiva over 2 million GRB shares in return for writing off a million bucks of the debt GRB owes PWR. And GRB has no money either, so issuing shares to pay off debt does make sense, although it dilutes GRB shareholders.
I guess this all makes sense, as GRB doesn't have the money to be making their monthly payments to PWR, so Greenbriar Jeff using GRB shares to pay off a big chunk of debt to Captiva Jeff is reasonable, albeit about as confusing and incestuous as I can imagine.
There are so many balls in the air with Jeff's companies, he is one of the best jugglers in the stock market I have seen in quite some time, I'll give him that.