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Re: TenKay post# 100410

Wednesday, 08/24/2011 2:18:23 AM

Wednesday, August 24, 2011 2:18:23 AM

Post# of 103302
Of course they care. I bet they care greatly. Management owns 165M shares. Right now, following your "logic", the management has a net worth of around $2.5M (roughly the last reported net worth of LLEG) plus about $0.2M in stock value if it could be sold at or around $0.001-0.002/share, for a total net worth of about $2.7M. Of course they'll also get another $1-2M (per Bear) from the closing of the construction loan in Berlin, bringing them up to around $4-5M. Not to mention the tarnished reputations that they would live with, making the next venture several have suggested as the management's next stop, extremely difficult.

If they can do what needs to be done to bring the stock up to the OTC markets, acquire several of the future projects they've been looking into, and get the stock up to $0.10/share, suddenly, they'll have perhaps $10-20M in value in the company (totally made up numbers mind you), plus about $16.5M in stock value. Instead of spiraling downward, as several here say is a foregone conclusion, improving the status of the stock allows the management's worth (and mine) to spiral upward. They have an intense interest in getting this grey-sheet thing fixed.
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