Cadiz (CDZI) & politics: If you smell a rat, chances are, it is a rat

Wah! I was hoping that I wouldn’t have to write something this week since I was enjoying my time at the LA Traders Expo. However, I came home tonight and started surfing the day’s charts and saw something I found to be abnormal, or for those of you who have been following my blog I would say it’s on the Holland Ware-side of weird.

It was the chart of Cadiz, Inc. (CDZI). What? You’ve never heard of it? Fie on you! Well…me neither.  But it certainly piqued my interest.

“Founded in 1983, Cadiz is a publicly held renewable resources company that owns 70 square miles of property with significant water resources and clean energy potential in eastern San Bernardino County, California. The Company is engaged in a combination of organic farming, solar energy and water supply projects. “

Since it went up fifty percent in price today on a very suspicious candlestick chart, I decided to take a look at the company. Will I find another Holland Ware type of scenario where all is not what it seems to be?

The answer is: Not only do I think so but I sure hope that California voters consider how much they’re being hosed by this supposedly “green” company. The company, headed by British-born Keith Brackpool, who, by the way, never says anything for the record but speaks through his attorney mouth-piece Scott Slater, has been a major contributor to California politics for years including Los Angeles mayor Antonio Villaraigosa, ex-governor Gray Davis, and current governor Arnold Schwarzenegger via top aide Susan Kennedy.

He says that he wants to do “green” things, but if he can’t coerce the state into renting his land for an aquifier, solar, or wind-type of proposition, he said that the land is open for development. What a creep! (If you don’t believe me, read the links below.)

This company is not on the up and up. It’s aquifiers have come into question and even California Senator Dianne Feinstein thinks that there’s something wrong in her letter to the Secretary of the Interior.

Here are the the links to the other top websites, plus you’re welcome to do your own research:

Ron Kaye LA

Arnold Unspun

First Amendment Coalition

Forbes:  In the dumps

Water Industry News

I’m not sure where this is all going, but it could well end up in a high-crane shot:

From an IMDB description of the movie “Chinatown”:

“Los Angeles detective Jake Gittes is hired by a woman claiming to be a Mrs. Mulwray to spy on her husband. Shortly after Gittes is hired, the real Mrs. Mulwray appears in his office threatening to sue if he doesn’t drop the case immediately. Gittes pursues the case anyway, slowly uncovering a vast conspiracy centering on water management, state and municipal corruption, land use and real estate, and involving at least one murder.”  [Underline mine.]

This might be a case where life imitates art. If indeed the above movie description does parallel reality, then let’s hope that the last clause of the last sentence doesn’t…gulp!

Addendum made on 6/7 at 3:20 PT:  I forgot to mention that CEO Keith Brackpool and CFO Timothy Shaleen were granted 60,000 and 30,000 shares of Cadiz stock respectively on 5/22/09.  Both Brackpool and Shaleen sit on Cadiz’ board.

cadiz-chart-6-05-09

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