I came across this post on a local Berlin blog today and I think it sums up this situation in a very interesting way:
Let’s consider the history of LLEG announcements
April 2, 2007 - Expected to close within next several months
June 19, 2007 – Expected to close within next several months
July 17, 2007 – Will commence operations in late 2008 or early 2009
August 6, 2007 – Will commence operations in late 2008 or early 2009
August 27, 2007 – Expect to close on the acquisition within the next 60 days
December 4, 2007 – Expect to close on the acquisition of the Berlin property within the next few weeks
December 10, 2007 – On track to close on the Berlin property around the end of the year
January 11, 2008 – Planning board action on subdivision paves the way for imminent execution of the purchase agreement
February 19, 2008 – Currently in the process of finalizing arrangements to close on the property
April 1, 2008 – in the process of finalizing the asset purchase agreement
June 6, 2008 - We hope to conclude this deal very soon.
September 9, 2008 - I think we are pretty close to finishing this and once it is done we will make another milestone payment to the seller and set a closing date.
August 6, 2007 – announced financing with Greystone
April 1, 2008 – announced financing with HH Capital Advisors
- Note, HH Capital has not even been mentioned in most recent releases. They’ve gone back to the generic “financing” phrase
December 12, 2007 – Expect to become fully reporting and move to the OTCBB first quarter 2008
Now . . . let’s consider the outcome of those announcements. The proven track record.
I also noticed a post on that blog tonight mentioning the vanishing of a very active pumper on this board, MBBLLEG, on 8/18/08 the same time period that MBB's blog went inactive. I find this more than a little interesting.
Its looking like this stock has all the characteristics of a typical Pink Sheet stock.
