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CadizWater.com

A news website opposing Cadiz, Inc.
(Disclaimer)

Information investors need to know.

"Over $1/3-Billion in cumulative shareholder losses!"

Chairman, CEO and CFO have been reportedly enriching themselves off of
the stockholders of a company that has never recorded a profit (24 years).

Cadiz, Inc. has attempted to prevent this website from reaching you.

 

 
The Cadiz project has been debunked for years.

Cadiz, Inc.     Cadiz Project - Does it conserve water?   - Posted Sept. 2012

Fighting Lopez     Musser-Lopez files against the Cadiz project   - Sept. 2012

Cadiz water project     Cadiz Water - Debbie Cook & Seth Shteir   - July 2012

Cadiz water project     Cadiz Water Protest / Financials - Craig Innis   - July 2012

Cadiz water project     Cadiz, Inc. Theft / Claudia Stall   - July 2012

Cadiz water project     Cadiz Water / Environmental Issues - Ruth Lopez   - July 2012

Cadiz water project     Cadiz, Inc. - Final EIR War Room at hearing?   - July 2012

Cadiz water project     Cadiz Water Project - Fact #4   - July 2012

Cadiz water project     Brad Mitzelfelt Exposed!  $1-Billion Giveaway   - May 2012

Cadiz water project     Brad Mitzelfelt & Cadiz Water   - May 2012




Updates:




The Cadiz Water Project Is In Serious Trouble
The House of Cards is Shaking

August 2, 2017

    With association with the Trump Administration, the Cadiz, Inc. water project ("Project"] looked solid when shortly after Trump's Inauguration, the Administration announced that the Cadiz Water Conveyance Project was one of two job creation projects in California that the Administration would fast track.  The Administration also placed the Project on the Administration's "Emergency and National Security Projects" list.

Cadiz water project
From Trump's Emergency and National Security Projects list.

    Keith Brackpool, Chairman of Cadiz, Inc., and Scott S. Slater, CEO and President, must have thought they had a sure winner, but they are dealing in the Democratic Republic of California.  Brackpool and Slater have been skating figure-8s on a Summer ice pond.

    When the Trump Administration quickly announced an attack upon the preservation of existing National Parks, Monuments, a Preserve, and other special protected federal lands in California, the conservation alarm was a siren.  California liberals who have felt cheated of their preferred president are now venomously fighting back against everything Trump.  This includes the establishment of California Assembly Bill 1000 introduced by Assemblywoman Laura Friedman on February 16, 2017, shortly after Trump's Inauguration.  The bill is privately called "The Cadiz gut bill."

    The proposed legislation specifically targets the Project by requiring a new and independent analysis of the Project's likely impact on the desert environment.  The review would likely overturn much of the emphasis of the environmental data compiled by Cadiz's paid experts and accepted by the financially benefiting Santa Margarita Water District in approving its self-serving California Environmental Impact Study.  Under the bill's environmental requirements, Cadiz, Inc.'s Project would likely have a difficult time surviving.

    The screws were tightened Tuesday, August 1, 2017, when the City of Los Angeles' Department of Water and Power's ("LADWP"} Board of Commissioners voted unanimously to have the LADWP's General Manager convey the Board's support of AB 1000 to the Los Angeles City Council.  The Commissioners are planning to strengthen their opposition to the Cadiz Project by Resolution at an upcoming meeting.

    The Los Angeles City Council is expected to follow its LADWP lead by voting its support for AB 1000.  All of this ground-swell of support for AB 1000 would continue to solidify the opposition of the Metropolitan Water District's ("MET") permission to allow the Project's water to be transported in the MET Colorado Aqueduct, a necessity that the Project has not acquired.

    During a public input period prior to the LADWP Commissioners' vote, Miram Seger of Los Angeles made an interesting observation:

"Cadiz, Inc. is like a terrible Zombie that is killed over and over,
but that just doesn't die."

    California is currently undergoing major changes in its state water laws.  What the state has given in the past regarding its water rights it is now taking.  Business isn't as usual and AB 1000 might very well be the wooden stake that is driven into Cadiz's heart.



Cadiz (Literally) 'Sells The Farm'
While Still Peddling Hope

January 5, 2016

    "We believe the unfortunate losers in the deal, aside from the convertible holders, will be the long-term CDZI shareholders. The winners will be the executives that continue to draw absurd amounts of cash from this company and the senior lenders."

    "We see this development as more of a Chapter 11 reorganization without actually being a Chapter 11 reorganization. In that type of bankruptcy, debts are restructured, assets are liquidated, and generally, the company comes out ahead. In this case, the same actions are taking place, but the company may not be coming out ahead at all."

Seeking Alpha




Why The BLM's Decision On Cadiz Was Correct

October 31, 2015

Guest Commentary
San Bernardino Sun




More Than A Weasel Clause

October 31, 2015
A Halloween Scare.

Cadiz, Inc.'s legal disclaimer on its propaganda releases
sound like a prophecy.

FORWARD LOOKING STATEMENT:  This release contains forward-looking statements that are subject to significant risks and uncertainties, including statements related to the future operating and financial performance of the Company and the financing activities of the Company.  Although the Company believes that the expectations reflected in our forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.  Factors that could cause actual results or events to differ materially from those reflected in the Company's forward-looking statements include the Company's ability to maximize value for Cadiz land and water resources, the Company's ability to obtain new financing as needed, the receipt of additional permits for its projects and other factors and considerations detailed in the Company's Securities and Exchange Commission filings.




So Cal Metropolitan Water Department
'Not Pursuing' CDZI's Water Project

October 26, 2015

Seeking Alpha
"We still think Cadiz is worthless."




Another legal investigation of Cadiz announced.

October 22, 2015

OCTA Finance
Shareholders Foundation




One Year Price Chart


October 9, 2015

Cadiz, Inc.'s stock is falling off the cliff!





We Think Cadiz's Equity Is Worthless. . .

October 8, 2015

Seeking Alpha
"Shareholders Will Drown"




Cadiz, Inc.'s Water Scheme

October 7, 2015

Los Angeles Times
"How political juice kept a bad idea alive for years."




BLM Rules Major Setback For Cadiz, Inc.

October 5, 2015

Los Angeles Times
"...the Cadiz project is a bad idea."  -  Sen. Dianne Feinstein




Cadiz Inc.'s Bottom Appears Ready
To Fall Out Beneath It!

April 21, 2015

". . .facing imminent project failure, collapse and bankruptcy."
Get the FULL story HERE.
"Cadiz Inc.'s posted  Water Project Status  conceals crisis."
Legal: Cadiz Investor Alert

OVER $1/3-BILLION IN CUMULATIVE SHAREHOLDER LOSSES !
Reference: Seeking Alpha

Earlier, some previous rescues from supporters appear to have
kept resilient Cadiz afloat rather than writing off losses in a bankruptcy.
The rescue funds appear to have been bandaids for a terminal patient.




County of San Bernardino's Cadiz legal fees now set at $2.35-million.

Cadiz, Inc. is contractually obligated to pay all of San Bernardino
County's legal fees, and others also!




Tougher Chromium-6 Standard May Impact Cadiz Water Project.

June 4, 2014

Association of California Water Agencies

Higher standards may impact Metropolitan Water Agency's concern over Cadiz water's contaminate.
Removal of Chromium-6 from Cadiz water may prove to be too costly.




2013 - Another Losing Fiscal Year for Cadiz, Inc.

But officers' salaries remain golden!

March 18, 2014

Google Finance




Chemehuevi tribe opposes Cadiz, Inc.'s violation.

September 2, 2013

Needles Desert Star




Yes, On Congressman's Request For Federal Review.

July 31, 2013

Opinion - Los Angeles News Group opinion staff.
Los Angeles Daily News, Long Beach Press-Telegram, Torrance Daily Breeze,
Pasadena Star-News, Whittier Daily News, San Gabriel Valley Tribune,
San Bernardino Sun, Inland Valley Daily Bulletin, Redlands Daily Facts,
Impacto USA




Congressman Calls For Federal Review Of Cadiz Project.

July 25, 2013

Los Angeles Times




The Consultant - the Desert Aquifer - Cadiz, Inc.

July 8, 2013

Voice of San Diego




County Supervisors mishandled the Cadiz project.

July 2, 2013

Opinion - San Bernardino County Sun.




Cadiz water project is cause for concern.

May 1, 2013

Opinion - Inland Valley Daily Bulletin.




Flawed Cadiz Project is good for no one.

April 8, 2013

A waste of taxpayers' money.




Cadiz, Inc.'s executives milk the debt ridden cow.

April 7, 2013

This is for leadership of a company
that hasn't shown a profit since it started!




How Low Can It Go?
March 14, 2013

CDZI sinks lower.

Faced with financial restructuring and growing debt.




"Cadiz's Pipe Dream"

January 2, 2013

University of Denver Water Law Review




"CDZI-SELL"

November 19, 2012

CDZI




Another legal petition filed in Superior Court
over the Cadiz project.

November 1, 2012

Conservation coalition files their second petition.
Five related State Court filings are now active over project.

Press Release
Petition




Cadiz Inc. makes threat against this website.

October 26, 2012

Frivolous claim




Cadiz Project Foes Move to Stop
Water Transfer at Federal Level

Newberry Springs Community Alliance national press release.

October 24, 2012

Press Release




San Bernardino County Board Action

October 1, 2012

    The San Bernardino county Board of Supervisors, after 5 hours of hearing on the Groundwater Management, Monitoring, and Mitigation Plan (GMMMP) for the Cadiz Valley Water Conservation, Recovery, and Storage Project, voted 4 to 1 to accept the plan as presented.

    The project involves the free transfer of county water to the applicant, Cadiz, Inc., that is expected to sell the water for $1-billion to $2-billion.  The county doesn't receive anything.

    San Bernardino county First District supervisor, Brad Mitzelfelt, whose district the project is located, claimed that the removal of the water would create new jobs and protect against future shortages of imported aqueduct water.  The export of the water would primarily protect counties other than San Bernardino; that would lose the water.

    This represents the largest corruption and rip-off of the citizens of San Bernardino county ever!  Postmus and Crossroads are very small in scale in comparison to this massive giveaway of the desert's most valuable asset — water.

Supervisors voting for the corrupt water transfer:
Brad Mitzelfelt  
Janice Rutherford  
Gary Ovitt  
Josie Gonzales  

Voting against the project:        
Neil Derry  





Withdrawal of Federal Lawsuit

October 1, 2012

    Two important events happened on this date.

    (1)  The County of San Bernardino Board of Supervisors, in shameful defiance to the will and best interests of their constitutents, approved the GMMMP as shown above; and

    (2)  Ruth Musser-Lopez, representing the River Branch of the Archaeological Heritage Association (RiverAHA), voluntarily withdrew the only federal litigation against Cadiz, Inc., the County of San Bernardino, its Board, and a number of federal departments in regards to the Cadiz water project.

    Four other related lawsuits against the Cadiz project continue in State courts.

    Following Musser-Lopez's withdrawal, Cadiz, Inc. released a nationally circulated false public statement four days later.

    The Cadiz story was headlined: "Federal Court Dismisses Case Against Cadiz Inc. - Action Eliminates Federal Court Litigation involving the Company."  Cadiz further wrote:  "The Court determined that Petitioner RiverAHA was unlikely to succeed on the merits.  The dismissal now ends the pending Federal Court litigation..."

    The headlines and quoted sentences are blatantly false and untrue; leading the public to a false understanding that important legal issues have been resolved.  This can lead readers to bad business investments based upon the misrepresentations.

    The federal court did not dismiss the case as stated by Cadiz, Inc.; the plaintiffs voluntarily withdrew the case before arguments on the merits were heard.  The court had informed the plaintiffs that they did not have jurisdiction as the plaintiffs' cited federal law now contains a requirement for the exhaustion of administrative remedies.

    The withdrawal does not "eliminate" federal court litigation as directly implied by Cadiz, Inc. because the plaintiffs' withdrawal was without prejudice; the court allowed the plaintiffs to resubmit the case immediately after the exhaustion of administrative remedies.

    Furthermore, the court did not determine "that Petitioner RiverAHA was unlikely to succeed on the merits" as falsely stated by Cadiz, Inc., as the court never heard the merits as the action was strategically withdrawn beforehand.

    The plaintiffs expect to eventually refile (if necessary) and win on all the merits because the strong merits are based upon long established federal law.

    Cadiz, Inc.'s willful and self-serving misstatements of fact to apparently misguide potential investors has publicly defamed, ridiculed and tarnished the good character of the plaintiffs as submitting a non-meritorious case before the court.





Mojave Water Agency Again Fails County Citizens

Posted: September 13, 2012

Agenda Item #9.

Mojave Water Agency considered a resolution
opposing the Cadiz water project.

    During a regular scheduled board meeting, the MWA board failed to pass, by a split vote, a resolution opposing the Cadiz water project.  Opposition to the Cadiz project required a YES vote.

Directors    
Kimberly Cox - YES    District 1  
Jim Ventura - YES    District 2  
Beverly Lowry - YES    District 6  

Mike Page - NO    District 4  
Art Bishop - NO    District 5  
Doug Shumway - NO    District 7  

Richard Hall - ABSENT    District 3  

    An excuse given for not supporting the motion is that the Cadiz project is outside of the Mojave Water Agency's boundary.  Apparently, the board members holding this position have no problem with another water agency in Orange County reaching outside of its jurisdiction to steal water from San Bernardino County; but lets not have a local water agency go on record against it.

    These three spineless 'No' voters, as well as the no-show, need to be removed from office.

    It is reported that a weaker "letter of concern" about the Cadiz project might be prepared by the board.



Posted: September 8, 2012

Beyond Rational Comprehension.  Just Plain Wrong.
Sorry, the above link has been deleted by the publisher.

Contains an important background letter by John Goss.





Posted: August 27, 2012

Earlier science that Cadiz, Inc.'s numbers are grossly inflated.

Cadiz had the recharge numbers early - August 2009.





Posted: July 31, 2012

      The Santa Margarita Water District Board of Directors on July 31, 2012 unanimously approved and certified the Cadiz water project's Final Environmental Impact Report.

      The project still has a number of hurdles; the largest being two lawsuits filed by Tetra Technologies.  Additional litigation may also be filed by conservation groups following the FEIR's certification.



Posted: July 26, 2012

    The Santa Margarita Water District Board of Directors surprised many at their July 25, 6:30 P.M. board meeting that ended this morning at about 12:47 A.M.

    The Board, that was expected to approve the Cadiz Final EIR, continued the decision until July 31, 2012.

      Although the invited public comments were overwhelmingly in favor of the proposed project, the opponents presented significant reasons why the proposal should not to be approved.

    Questions were raised over the viability of Cadiz, Inc. since it has never had a profitable year since it started and that it has lost millions of dollars; and whether the company would later be in existence to handle the liabilities of the proposed project that it has openly assumed.

    Questions were raised over a reported FBI and Exchange investigation on Cadiz, Inc. dealings.

    Furthermore, questions were raised by local water district rate payers who didn't want to be burden by the cost of protracted legal lawsuits and by water that has been reported to contain unhealthly levels of Chromium-6.

    Debbie Cook, an activist opponent, presented an alliance list of individuals inside Cadiz, Inc. and the water district that have financial interests in the project's approval.  Cook questioned whether the board was receiving unbiased legal and staff recommendations.

    The National Park Service recommend non-approval at this time.  It was presented with the FEIR within the previous ten days and had not had the time required to respond to many complex items.

    Should the project dry the land and create air pollution, and if Cadiz, Inc. was insolvent, the water district may be held liable.  The Los Angeles Department of Water and Power has spent over $1.2 billion in federally mandated dust remediation for the Owens lakebed.



Nov. 1, 2012 - Debt update.
Is Cadiz mining a hole for itself?

StockTwits on CDZI.

Cadiz, Inc. 5 Year Price Chart.
Cadiz, Inc. 5-year price chart.

Cadiz, Inc. 1994-2012 Price Chart.
Shares dropped sharply after the previous water grab attempt.  Despite the recent Santa Margarita
Water District and County of San Bernardino approvals, there hasn't been a rush of project investors.



      "Bad ideas are not uncommon."  - Clint Eastwood
Is CDZI (Cadiz, Inc.) a sucker's stock?         Cadiz, Inc. exerts pressure upon the MWA.
Fred Stearn's comments. (1MB PDF) or (12MB higher quality PDF)         The Smirking Chimp
Et Snell's presentation to Santa Margarita Water District.         "Nonsustainable !"

Cadiz Inc. Message Board (Yahoo! Finance) - Pre-SMWD certification.
Something about this controversy over water rights smells...         Desert News (2011)
Serial lying and exaggeration seems to be a hallmark of the proposed water project. (KCET)
Chromium-6(hexavalent chromium, a carcinogen)




The Cadiz water project appears as a financial house-of-cards
with SMWD operating at a loss and Cadiz, Inc. reportedly
unprofitable for decades.  Despirate people in desperate
times call for a desperate project.




Myth: "Cadiz still owns the water assets of the program -- "
No, the wells may be on Cadiz property, but most of the water
drawn by the proposed pumping will be sucked from under land
controlled by federal stewardship.  This groundwater asset
belongs to the people of the state of California.




"Doesn't this constitute a conflict of interest under California Law...
for a (so-called) permitting authority to have a vested interest,
in partnership with, be a participant with a private enterprise
on something that they are to vote on?"
    -  Ruth Lopez




"...a struggling private water company in Orange County collaborated with
a British felon in search of personal fortune to purchase San Bernardino
County's support for a project that is bad for the residents of
San Bernardino County."
  -  Dr. Karen Tracy




" they set not God before their eyes "   -  Psalm 54:3




Cadiz, Inc.

    CadizWater.com is a Free Speech, not-for-profit grassroots project of conservationists opposed to the proposed Cadiz Valley Water Conservation, Recovery, and Storage Project.

    Our mission is to alert citizens of this viewed corrupt giveaway of their public assets.  Statements expressed within CadizWater.com or attached links are the opinion of the individual author(s).  Should you have an interest in supporting this movement, now is the time.  Please contact: us at: newberrysprings @ hotmail.com


Did you find an error or have an opinion?  Let us know.
e-mail address:
cadizwater  @ mail.com






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