Post by
shneps on Nov 25, 2024 7:14am
Contract Inquiry for Montalva
Apparently there was a poster inquiring about the November 10th postings, related to whether PREPA's bankruptcy would affect Greenbriar/PBJL Energy receiving payments for the electricity the Montalva Solar Farm may produce.
Puerto Rico (itself) can not "constitutionally" go bankrupt, like most US states but PREPA's bankruptcy is a different issue. If PBJL were to receive a formally approved PPOA (which they currently have not received approval from the PREB or from the FOMB) it indeed would be in the form of a "forward contract". This is a necessary prerequisite for Greenbriar to receive financing approvals. In order to have basically a guaranteed income stream. As with any contract entered into, "both parties" have an obligation to fulfill their side of the contract.
This is the reason for the 500Mw solar projects in Alberta not happening with Westlake. Westlake would not sign a long duration PPOA so Greenbriar would not have been able to get financing for the projects.
There is much more involved besides just receiving a PPOA and I would suggest you complete as much due diligence on the project as possible.
Just to reassert Jeff's false claims once more that he told you:
I "currrently" do not own Greenbriar shares.
I do own Captiva Verde shares but they are not at 35c (as Jeff states) but at 1.5c to 2c.
I am not obsessed with Jeff and have never stated anything related to his family (unlike Jeff).
In 2020, due to covid shutdowns, I left the project I was working on and instead of working two more years until the age of 58 I decided to retire early at 56 because I financially could.
Not because I was/am broke (according to Jeff) by any means. I do not live in my parents basement and I do not sleep with dead bodies. (according to Jeff).
I do not post (20) times a week. I post when there is something relevant to discuss, or as I see applies to the projects or when I need to defend myself.
If you want to follow a business CEO like Jeff then that is absolutely your prerogative and I wish you all the best.
I'm here for the sideshow and the clowns because it really is quite the circus to watch.