.09--- fell from .14 | TURV Message Board Posts

Two Rivers Water & Farming Company

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Msg  7277 of 7301  at  9/15/2020 4:12:53 PM  by

LDM


 In response to msg 7276 by  nealhugh
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Re: .09--- fell from .14 // neal

 
"Will GH make a deal with Great Plains or litigate?"
"What leverage does he have and what do TURV shareholders have?"
 
1) Great Plains is going to court to have their stock ownership and subsequent control over the Water Board made official by the court, and that's all they are going to court for. A deal of any kind is immaterial. 
 
2) Great Plains owns the land the dam is to be built on, owns adequate surface rights to divert the water, and now has the storage rights to store the water being diverted because the control HCIC.
 
3) Great Plains will collect water revenue, but after they deduct an annual lease fee for the land, and an annual lease fee for the surface rights they own to fill the Dam, whatever is left will be delivered to HCIC and divided among shareholders in good standing.  Now, if I was Great Plains I would charge, as a lease fee for the wholly owned Dam site and wholly owned surface rights, at least 90-95% of the revenue. That would mean that TURV would receive about 2.1-4.2% of the revenue----but only if they are in good standing by paying 42% of the cost of the Dam build. 
 
You tell me: What leverage does he have and what do TURV shareholders have?
TURV has been behind the 8-ball since they decided to get into the water business---a business they knew absolutely nothing about, and apparently, no desire/ability to learn. You asked, five days ago, what card is Harrington holding. I answered "a Joker", and it's a game that doesn't recognize Jokers.


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7277 Re: .09--- fell from .14 // neal LDM 2 9/15/2020 4:12:53 PM






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