plans to move on to other things and let LLEG die a slow death.
Bart has to safeguard as much of the so called $1M working capital as possible. As primary preferred stockholder, he's first in line - unless Renergy has a legal clause to crowd him out. Thus it pays for him to get the stock registered via a 10F. With the land lease of $260K, and Bart wanting his $200K salary, unless he can find additional capital, end of 2012 could be it. Interesting to see how it plays out.