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Thursday, 09/22/2011 11:09:56 PM

Thursday, September 22, 2011 11:09:56 PM

Post# of 103302
Here is a piece of information I would like to share with you guys (and girls). I had a long talk tonight with my Portsmouth source about the Berlin Project. She thought the reason LLEG hasn't been paid is because the fine points of the financing are still being worked out and the money may not yet be available. She also said it's her understanding that the present project ownership is a troika of Cate Street, Gestamp, and a third big investor with Gestamp engineers coming from Europe to oversee the project. She said she hasn't heard anything of a LLEG involvement in the project since late last year.

Remember this is third hand information but it seems to make as much sense as anything else.

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