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Re: DragonBear post# 98496

Friday, 07/08/2011 1:38:23 PM

Friday, July 08, 2011 1:38:23 PM

Post# of 103302
A PR would definitely clear up many questions, however its logical to assume that LLEG lawyers have most likely told Mike to refrain from issuing any PR's until this SEC debacle is cleared up. One would have to assume that the "total amount" of payment due to LLEG for their equity interest would have to exceed all time, monies and energy put into the development of the project? Unless Mike B. has no business sense I highly doubt he would agree to a deal where final payment is contingent upon "successful" completion of the project. The partial payment doesn't even cover development expenses. Its likely that the final payment to LLEG will be higher or lower depending upon the outcome of the project. What's very unlikely is that this CEO would agreed to any type of compensation where their equity interest wasn't sold for a profit, regardless of how big or small!

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