Water Rights option agreement with StrasserHas anyone seen the details of that agreement? Was it disclosed in any of the financial reports? I haven't been able to find anything as of yet.
If Strasser is negotiating to sell his water rights to the city, then we have to assume the option agreement had an end date? But, as of the end of March, it was still in effect, as evidenced by the following:
" During the year ended December 31, 2023, the Company entered into an option agreement to purchase up to 115 acre-feet of water rights at USD $29,260 per acre-feet and as part of the agreement paid a $1,376,556 non-refundable deposit. During the period ended March 31, 2024, the Company has not purchased any water rights under this option agreements "
However, notice that the agreement is for "up to" 115 acre-feet, so could Strasser be selling just some to the city, and the rest could still be designated for the option agreement?
Always more questions than answers, IMO