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To: Frank Sully who wrote (68172)7/24/2021 4:40:44 AM
From: Spekulatius  Respond to of 78958
 
re BWEL - I guess if the water rights sales are profitable, then where is the profit? There is only a line item for $3.971M for proceeds from property plant and equipment sales in BWEL’s balance sheet, and that’s where water right sales should have been booked.

The Phytogen sale of their 50% stake was booked separately for $60M (far to cheap, imo).