Given my recent mistake in understanding, I was pleased to see the Chino guys confirm my explanation for the failure of their auction (via SK):
“We had enough applications from bidders,” Watermaster CEO Ken Manning explained, “but we had a number of people who were coming to us and voicing their concern about the strategy for recovering the water.” Investors were worried that the local water agencies who could transport water to customers on their behalf might demand an unreasonably large proportion of the value of the water for the service. “They [the potential bidders] wanted to have more certainty as to what the cost would be and not just to have a sample agreement, but specific agreements with agencies.”Bottom Line: Nobody will buy your stuff if they can't take it home.
0 comments:
Post a Comment