Renegy Holdings (RGYH)

[lilpuppy6]

You have some good points. I agree that we don't know what is on the minds of mike,or the management of rgyh...This can go in so many directions.

What is known..is that both parties INTEND to create a transaction of a physical plant..the particulars of which are unknown at this time.

I certainly would NOT be surprised if a merger replaces the LOI plant acquisition documentation IMO.

Who knows..the rgyh management may look to hand over the reins at this point,to an up and coming..can-do hotshot CEO..who has shown he can get things done?

"Immediate revenue" due to merger..would bode well for lleg and it's shareholders.

A letter of intent to purchase a particular plant,could certainly be easily converted to a merger agreement,if terms/business strategy dictates it's economically/strategically viable for both sides.

Lots of new eyeballs will be on rgyh in the coming weeks and months regardless...

These are all unfounded speculations we are spewing at this point,will be interesting to see how this all plays out.

I share your logic, that mike's thinking may be to keep a small lleg operation,and/leverage buyout/sell plants as an ongoing strategy.