Glenbriar Technologies (fka GBRT)

[RichieBoy]

Latest PR

This to me sounds like Bridge Financing but Rob tells me it was insisted on by the bank. They had to post a letter of creditor performance bond that won't even officially exist until Q3. Okay Mr. Matheson still sounds like Bridge Financing to this mushroom...

Brazil must look promising but to be perfectly candid I found Rob a little rough around the edges and quickly on the defensive for some reason today. I probably started off wrong by immediately stating to the news this was dilution I protested because I was disappointed because THIS IS DILUTION. He defended by countering it was straight cash, no options or sweetheart deals STRAIGHT CASH. Something about they could have sold at 25% below market instead , okay fine DILUTION anyway you slice it sorry I'm less than elated with this PR.

Obviously it was necessary to move forward but dilution into a flagging PPS is daunting to any long investor, onto brighter topics. Cirus has supplied some interesting contacts and GBRT is now looking at some potential acquisitions namely IT SUPPORT and/or SOFTWARE companies. The software company was in Kitchener the rest was IT SUPPORT in VANCOUVER, CALGARY TORONTO and possibly OTTAWA. Again Rob is "looking" so please don't read into this any more than necessary. He did add a Toronto IT SUPPORT company acquisition would be the most advantageous of all. So we are "looking".

GBRT is gunning for 3-10 Million dollars from that pursuit of major financing. Germany has been in contact lately ( last two weeks) but as Rob explained there approach is over years they only have to report every 6 months not every quarter like Canadian companies so they look at things with more pain threshold for preamble. UPSHOT they take a lot longer to get anything accomplished but when closed it generally is long term financing lasting longer than what we are used to here in NA. Still the same pretty much with Germany business as usual they are waiting for Germany to approach them and getting on with day to day obligations but the door is still open.

24 January Annual Report is due.

March 2nd is the AGM ,location was unspecified at time of phone call. I prodded for a webcast or at the very least a conference call ~ 800 phone in capability for shareholders to ask important questions from management. He tried to duck with it's kind of expensive which admittedly I nearly blew my cool at that answer. A VOIP IT company can't afford a conference call for the AGM COME ON ROB !!!??? I was ready to eat nails my molars were powdering. I guess the silence sunk in because he swiftly quipped we would need enough callers to make it feasible.

So guys if you want to express your views questions at the AGM on a conference call then you will have to tell Rob you want this laid on for shareholders without fail. I can guarantee if not enough S/H's express there desire for a conference call then IT WON"T HAPPEN. Trust me the CEO is playing that idea luke warm for the second year in a row so I'll leave it with you. If you care about this company then TELL ROB WE WANT A CONFERENCE CALL FOR THE AGM WITHOUT FAIL. Otherwise he will duck it again your voice will go unheard and there has been enough arm's length from the company already IMHO. Often late breaking developments quickly make email questions irrelevant so this is why I stress voice communication to give us a chance to be heard.

Okay some bones were thrown my way it was not all the conversation was amicable but I have to say "frostier than Rob's normal demeanour". Maybe I just caught him on an off day not sure but his answers were guarded and somewhat more evasive than I would have liked perhaps that's a good thing...leave that up to you.

Sao Paulo is germinating nicely anticipate more developments there sooner as opposed to later. Company cash is holding this back right now the Brasilians are very VERY enthusiastic down there. Also there have been inquiries received by the company from other private investors (he implied Canadian) so Cirus is definitely producing some promising leads. Finally look for "Good Stuff" coming in "Q3 and Q4". Don't ask me, he did not elaborate and I was pushed for time so there you have it boys.

I cannot stress enough others need to talk with Rob express an interest and develop a better rapport between management and shareholders. "MHO here" but the whole wilsmere charade appears to have made the CEO a little gunshy about telling all to anyone so if you care enough to call he will help you but I'd advise a phone call is by order of magnitude far more congenial than some anonymous impersonal email.

Overview I sense we are in a general uptrend this year finally! How strong will depend on the rate of more capital infusion. You have to spend money to make money. I think GBRT has lots of work forecast but it takes a lot more moolah we no got...YET.

Patience Gentlemen somehow sense we are close to additional financing that is pending.

ALL you realize GBRTers? JMVHO GLTA

Cheers...Rich