RE:RE:RE:RE:Valuations As per my previous post and Navajojoe's question it is very relevent as to how the water rights are being dealt with, within the corporate structure.
Technically (as it is discribed) there are no new water rights held within the corporate structure. The water rights are held by private entities with the assumption they are friendlies (shareholders).
Why did they buy more water rights if they were already approved, by the city, for the amount they had previously?
These water rights are going to be sold to the company in the future and it will be at a premium to their actual cost.
Actual shareholders of GRB would be saving money to purchase the water rights direct (if they were needed). But no they were purchased by individuals and will be sold to Sage Ranch at a profit, guaranteed.
This is why the question of how much the rights cost is being asked because actual GRB shareholders want to know how they will be charged within the future construction.
Pretty simple, even for you.
There currently is no more meaningful dialogue then asking why the CEO and other shareholders are profiting from the purchase of these rights and how/why they were purchased.