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    John Rosenberg

    General Partner and founder at Analyst

    John Rosenberg is a General Partner and founder at Farview Equity Partners, specializing in growth-oriented technology investments with a particular focus on SaaS, tech-enabled business services, and financial technology. Over his two-decade career, he has covered companies such as Unily, Exclaimer, Believe Music Group, TastyTrade, World Remit, Retail Merchant Services, NewVoiceMedia, Spotify, brillen.de, and Perfecto Mobile, actively leading or participating in several major transactions and exits. Rosenberg spent 18 years at TCV, where he helped establish and lead their European investment team after beginning his career as an analyst at Robertson Stephens, with a brief stint at Della.com before joining TCV in 2000. He holds a BA in Economics from Princeton University and currently serves on multiple company boards, recognized for his leadership in technology-focused private equity.

    John Rosenberg's questions to PURE CYCLE (PCYO) leadership

    John Rosenberg's questions to PURE CYCLE (PCYO) leadership • Q3 2024

    Question

    John Rosenberg asked for a detailed explanation of the public improvement receivable, including how it functions, the potential for accelerated payments, and where to locate it in the financial statements. He also inquired about the current student enrollment at the Sky Ranch Academy.

    Answer

    Executive Mark Harding explained that the public improvement receivable represents the cost of infrastructure Pure Cycle builds that is then owned by government entities. Repayment occurs through bond offerings backed by the growing property tax base of the developed homes. Harding noted these payments are lumpy but can be tracked via the note receivable and the statement of cash flows, and he projected a potential $8 million bond refinancing later in the year. He also stated that Sky Ranch Academy's enrollment is currently around 500 students.

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