Two Rivers Water and Farming Co. (fka TURV)

[tigerpac]

The 10-Q filed yesterday pretty much tells the story.

The company is using it's stock to pay it's debts and continues to enter into toxic financing because they really have no choice at this time.

They've accrued $1.8 million for dam repair that has not yet occurred even though estimates range up to $2.5 million (which even then are probably still low imo).


The biggest issue is that there is a long line of preferred stock holders that are senior to the common shareholders. The common shareholder is going to fund the preferred shareholders.


Unfortunately I expect this stock to continue it's decline downward. Very sad for a company that only two years ago had a great chance to be a disrupter in the MJ marketplace but chose tenants who worked them good and they were also taken advantage of their inexperience.