Two Rivers Water and Farming Co. (fka TURV)

[tigerpac]

The 10-Q is not a pretty read IMO.

The previous rental agreement that they had to write off last year called for rental revenues of $743K fir three months. The current three month agreement with McKowen is for only $536K. Furthermore he hasn't paid a dime yet, in fact he owes GrowCo close to $800K in rent. Yet TURV continues to pay McKowen for costs incurred, almost $180K this quarter. The company is having to go to outside investor to raise more money and that comes with a cost, namely shares and interest payments.

Once the harvest is completed in 4-6 weeks and McKowen gets his cash, lets see how fast he pays it back to Harding and Two River/GrowCo.

Shareholders appear to be last in line. Sad but true.