I keep seeing it stated that TURV owns 41% of the dam rights. However, their are note holders that have claim to the HCIC shares which are the assets that give TURV exposure. . I have a hard time understanding why the 41% of HCIC note holders pledged to TURV don't just sell out to Great Plains.
There is also other debt on the TURV balance sheet, not least of which is the $5 million in interest owed to the pref. shareholders that is carried as a current liability. We don't hear much about the Pref holders. I hope they have good legal council. I would think that TURV would need to settle out their current liabilities before they could fund dam expenditures.
I think the TURV saga is coming to a head soon. Any guesses as to how much hard cash GH parlays his worthless shell companies into? A $.20 sale of TURV nets him $6 million. Not bad for a few years work.