yes I do.
Whether ACMG was using USSE for leverage, or whether the USSE deal was legit, there was a deal in the works.
ACMG would be the stupid ones if they terminated their agreement with USSE, watched there stock price plummet, let SIAM control them, silence them, and discredit their reputations, for an extended period of time, and potentially come away empty handed if SIAM walks away from the deal.
MBL
Posted by: jerseyboy
In reply to: MrBigLoser who wrote msg# 20614 Date:5/3/2007 8:31:10 PM
Post #of 20626
Do you really think Siam would be that stupid?
Posted by: MrBigLoser
In reply to: MrBigLoser who wrote msg# 20613 Date:5/3/2007 8:19:04 PM
Post #of 20626
Question:
If SIAM has 7.2 million dollars in escrow, and SIAM backs out of the deal, wouldn't it be logical to assume, that ACMG would have a clause keeping part, or all, of that initial 7.2 million?
Then they wouldn't need Siam or any other company to finance them.
The company stated it has received confirmation that the initial investment -- injected by Siam Renewable Energy Group in the form of a convertible loan bearing no interests or capital repayments for 24 months and automatically convertible into shares at the fixed price of $1 per share with the beginning of operations of the first plant -- has now been placed in escrow, awaiting final closing of the definite agreement for release.
MBL
News 
Market Data 
Discover 
