Two Rivers Water and Farming Co. (fka TURV)

[tigerpac]

Reality is setting in with this stock. They needed so much money to pay for their dam repairs (that they have delayed for over a year) that they played fast and loose with their tenants who realized their inexperience and totally took advantage of TURV.

All the intercompany transactions and cash grabs whenever money finally came in was not for the benefit of shareholders but instead for management. The recent blog posts highlighting the two sides disdain for each has been patched up with bandaids so shareholders won't see the deep wounds that are still there.

The company appears to be raising money from new investors to help pay off old investors. There is a name for that isn't there?