Sorry Ten but your continued assertion that LLEG's equity interest is gone without FULL PAYMENT
There equity interest is gone. However, what is clear is that they have gone to great lengths to allow someone to believe they still have an interest if they were inclined to do so.
I do grant you that one could infer they have an equity interest still, which you are doing. But when you put together all that they have said it is pretty clear it is gone.
From home page of the companies website:
"From the project's inception in 2006 through October 2010 when we profitably sold our equity stake to private equity investors" Sounds past tense to me.
The 5/22/11 PR “though we fully expect all of the details of our sale of this project's equity holdings and our continued obligations pursuant to certain Management Services Agreements to be addressed in our upcoming filing with the U.S. SEC” Sounds past tense to me
The 2/22/11 PR “…announced today that it had 2010 net income of $2,441,892 on revenues of $4,135,055. LLEG generated revenues from both management fees and partial compensation from the sale of certain project holdings in 2010. Sounds past tense to me
You are hanging your hat on the extreme vagueness of the 2/22 PR and the NH Biomass webpage to assert that they have an equity interest when nothing they have said clearly states that...to the contrary a plain reading of everything they have said in total would STRONGLY imply the exact opposite.
But you are right...you do have to assume something to make either argument....because they were anything but clear.
So we are left with one interpretation over another. It appears you are comfortable with yours, and I am comfortable with mine.
Others can look at both our arguments and judge for themselves.
