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Re: CTTC post# 68833

Monday, 08/16/2010 6:33:53 PM

Monday, August 16, 2010 6:33:53 PM

Post# of 103308
New Co Energy is a special purpose entity set up specifically for this project. This could quite simply be nothing more than a structural re definition of the shareholders and not an arm's length disposal. If say financing had been agreed subject to permit then a special purpose entity could be formed to recognize that. The ownership of the special purpose entity is what we need to discover.

Sage.

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