Buying/Selling Water RightsAccording to Jeff on April 27th 2021 he mentioned that he purchsed 204AF of water rights for $2.6M.
That equates to $12,745 per AF and yet he recently sold a portion of those water rights to Golden Hills for 22% less then what he apparently paid ($10,000).
And then there is the 115AF of water rights Ronnie Strasser is supposed to be paid $3.3M inclusive of the $1.05M non refundable deposit he has already received.
That equates to over $29,000 per AF.
The question definitely stands to be asked, Why are Greenbriar shareholders paying 3X as much for water rights then water rights Jeff just sold to a different entity for 65% less.