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Performance 2009 to 2023 (compound annual)

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Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com

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1 year 9 months ago #127683 by DearJohn
DearJohn replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
last $1.40 up 20 cents

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1 year 9 months ago #127682 by Gambler
Gambler replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Opened at $1.24

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1 year 9 months ago #127681 by Gambler
Gambler replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Thanks Alex, in that news
"Greenbriar will form a three-person committee to review this offer, and all future offers; management of Greenbriar considers this offer to be an initial bid by both a well-known Canadian real estate family office (Phantom) and other bidders in due course."

Bring on the bidding war

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1 year 9 months ago #127680 by GoldnBoy
GoldnBoy replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Trading should be interesting, but maybe lower than one would expect, the day before a summer long weekend

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1 year 9 months ago #127679 by alexgreat
alexgreat replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Great news, go GRB

Mr. Jeff Ciachurski reports

GREENBRIAR RECEIVES UNSOLICITED $79.9 MILLION CASH OFFER TO PURCHASE SAGE RANCH

Greenbriar Capital Corp. has received an unsolicited offer to purchase Greenbriar's interest in and to the 995-home Sage Ranch sustainable subdivision in California.

The offer was received today from Phantom Developments Ltd. of Toronto, Canada. The offer letter states in exact words verbatim:

"Please find enclosed an offer to purchase for the subject noted property from Phantom Developments, along with a comfort letter from CIBC [Canadian Imperial Bank of Commerce] demonstrating Phantom's financial capability.

"Phantom is a residential development and marketing group owned by S&A Developments. Along with its parent company, Phantom has been an active player in the Toronto real estate market for over 60 years, and has built and maintained an extensive portfolio of residential, industrial and commercial properties across the Greater Toronto Area.

"Phantom is seeking to expand its real estate portfolio into the California market. The attached offer to purchase sets out a purchase price of $62-million (U.S.) cash, which, as of the date of this letter, equates to approximately $79,885,450.

"The purchase price should be reviewed relative to Greenbriar Capital's share price. Greenbriar Capital has 31,571,929 shares. The purchase price in CAD [Canadian dollars], divided by 31,571,929 shares, equates to roughly $2.53 per share, being more than double the market price per share as of today's date.

"Should you have any questions, please contact the undersigned."

Attached to the offer letter above is a letter from CIBC stating verbatim that Phantom "has secured syndicated credit authorizations in the low nine-figure range."

The offer document further stipulates acceptance from Greenbriar by COB July 6, 2022, and a buyer's discretionary 45-day due diligence period with final closing of 60 days thereafter, included within a mutually acceptable PSA (public service announcement) to be completed within 30 days. Also stipulated are a series of deposits to be made by Phantom, including a non-refundable deposit of 10 per cent of the purchase price, payable two days after due diligence acceptance.

Also attached to the offer document is the 116-page Altus Report dated Jan. 24, 2022, which states on page 3 that the Sage Ranch projected net profit is $173.9-million (U.S.) and that the discounted net-present value (NPV) is $123.7-million (U.S.).

Greenbriar will form a three-person committee to review this offer, and all future offers; management of Greenbriar considers this offer to be an initial bid by both a well-known Canadian real estate family office (Phantom) and other bidders in due course.

The purpose of this news release is materiality given the offer value and to prevent selective public disclosure. Any acceptance by Greenbriar does not constitute more than 50 per cent of the company's assets. Regulatory approval might be required at closing.

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1 year 9 months ago #127678 by RonS
RonS replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
I did a Zoom video interview with CEO Jeff Ciachurski tonite

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1 year 9 months ago #127677 by Gambler
Gambler replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
The stock was halted at the open. News coming

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2 years 6 days ago #127519 by DearJohn
DearJohn replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
I added some more to my position this week. GRB not even trading close to land value

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2 years 1 week ago #127502 by GoldnBoy
GoldnBoy replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Agree and plan to add some more. Here is depth. not much to go to $1.40 but bids are small

Attachments:

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2 years 1 week ago #127501 by alexgreat
alexgreat replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Rons report was a pretty solid case for Greenbriar. I bought some more and plan to add to it. Really a no brainer. Just how long does it take the market to catch on

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2 years 1 week ago #127472 by GoldnBoy
GoldnBoy replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Lynnsa, I agree. Seems they can easily raise funds from insiders and friends. Very strong group. I am going to get some more on next chunk of free cash

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2 years 1 week ago #127466 by lynnsa10
lynnsa10 replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Does an excellent job explaining the value of Sage Ranch. I like the CEOs commitment to long term value appreciation and large share ownership. This is one you tuck away for long term

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