RE:1. Water Rights 2. GRB Share Price Appreciate you trying to answer simple questions in a very convoluted way, once again.
Why were the 304 acres bought for Sage Ranch if you all ready had enough water rights?
You say "I" control the 28 acres across the street. Obviously more water rights were required for land to be developed somewhere.
Are those water rights for the 28 acres across the street that is owned by GRB? Not you.
These were not "shareholders choices", they were board member choices.
Shareholders don't know that "that it is impossible to buy this quantity ever again from a single seller."
This is merely what you are saying.
Obviously it is possible to do it again in the future because you just did. There are other rights holders and others will sell as the value goes up.
You state this was "a private purchase" and is non dilutive to GRB shareholders.
The only way this can be "non dilutive" is for GRB shareholders to not actually own the purchased water rights. How much did you pay for the water rights (actual amount, not multi millions) and how much do you intend to eventually sell it GRB shareholders in the future construction budgets.
Point being, GRB shareholders don't actually own these water rights do they.
If the water rights were
not required how is this a force multiplier for GRB shareholders.
Definitely seems to be a force multipler for the person or group of friends that purchased the water rights.
Shared rights are available for purchase through the TCCWD for a litlle over $1700 an acres.TCCWD has several thousand that can be purchased but only sold approximately 300+ acres this past year.
As for future water demands and future water supply availability (especially with the Delta Conveyance Project) I will attach the TCCWD Water Staff Report below :
https://drive.google.com/file/d/1638x7MnWwPIWVtRlZQDBm4QIwopfDDb5/view I will say it does make me chuckle when it's always Jeff's "friends" he knows are buying personally. I guess they all call and let him know.
They never sell only buy.
What a spin doctor, hilarious.