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nez

Followers 17
Posts 1789
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Alias Born 01/19/2006

nez

Re: Roosterdoo post# 33096

Wednesday, 05/28/2008 10:57:26 PM

Wednesday, May 28, 2008 10:57:26 PM

Post# of 103308

Thanks cyclone, Gman and Rooster for addressing this in an open and direct way.
JMO, but this is from the I-Box, courtesy of cyclone 101 (mod). IMO, after reading your posts that IMO reflect what many LLEG investors are probably thinking about and have been since this began, (including me), this might be a good time to re-read this post or put another way hear what the CEO has to say about a similar subject, straight and to the point, with no candy coating. These words, together with the precision and a pps respectful(your words and IMO well put) manner in which this sometimes necessary part of building a business was executed, indicates to me, anyway, a CEO who is smart, skilled, confident and comfortable communicating an unpopular and in my case a misunderstood action necessary for the continued evolution of the business plan, but still something which may well have caused me to panic if I didn’t hear it from MB so bluntly and in such a plain spoken way.
I for one will be keeping my investment to date in LLEG as well as increasing when I can!! IMO, the fact MB addresses such a subject with complete candor, speaks volumes about his integrity and faith in investors who don't allow common sense to be over ridden by emotions.
Nez
FROM I-Box
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=27762881

http://investorshub.advfn.com/boards/read_msg.asp?Message_id=25836930&txt2find=email

"I realize this is not something to worry about as it is from the past but IMO it does fall into the same subject matter you guys are talking about, JMO,
Nez

"We raise equity capital from time-to-time for the company when we deem
appropriate, which enables us to pursue the development of projects
like
Berlin and others we are working on. We have been raising capital in
small
increments, due to the low share price. If we had a higher share
price, and
I hope this is the case at some point in the near future, we would
simply do
a large private placement of equity with an institutional or strategic
investor and be done with it. There isn't anything nefarious or
underhanded
about what we are doing. I don't know what other pink sheet
companies/CEOs
do. We aren't them. All of my shares are in certificate form. I am
the
single largest investor in the company, having provided over $500k in
start-up capital, and I have never sold a share.

Having the capital we need allows us to pursue our development plans
and
that is what will grow the company and the share price. We run the
company
for the long-term, not for short term traders, so issuing shares for
growth
capital should not be an issue for anyone with a long-term investment
horizon. I expect we will continue to raise capital in the future and
I
have never suggested otherwise, so anyone with an issue with this
should
invest elsewhere.

We have no current plans for a reverse split or anything like that.
When we
hopefully uplist to the BB later this year we will assess where things
stand
at that time and make a decision on this.

Please post the above three paragraphs on your board if you deem
appropriate
so investors can be fully informed on this issue and understand our
perspective.

Thanks,

Mike"




Any society that would give up a little liberty to gain a little security will deserve neither and lose both.
Benjamin Franklin

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