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TenKay

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TenKay

Re: sunspotter post# 101084

Friday, 09/16/2011 9:32:33 PM

Friday, September 16, 2011 9:32:33 PM

Post# of 103302
In short, I wonder if LLEG has received any cash whatsoever for its involvement in the Berlin BioPower project.

Once again it is as clear as mud...but things are starting to reveal themselves. I do not believe there is anything more coming to LLEG beyond what was shown as A/R on the 2010 financial...and it appears that they are not going to get that piece anytime soon. I believe the "LLEG retains a significant interest" line was merely a reference to getting that $2+ million account receivable paid and nothing more.

In other words, it is a pretty safe assumption that there is no cash coming anytime soon...and likely little to nothing in the bank.

Not good.
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