InvestorsHub Logo
Followers 0
Posts 178
Boards Moderated 0
Alias Born 04/26/2011

Re: jerog post# 5670

Saturday, 04/21/2012 10:31:22 PM

Saturday, April 21, 2012 10:31:22 PM

Post# of 12282
Until I get clarity on post 5666, I am on the sidelines and not going to get all giddy. The wording in that link states clearly they will get 100% ownership of Liberty builders. It reads more to the fact that ELCR owns Liberty builders, and not ownership of ELCR.

Understand your post where you are saying Liberty is ELCR Jerog and appreciate the post. However, I am not reading that. It does not say 100% ownership of Liberty, which is ELCR. So I am trying not to react angrily if we got screwed on this. So is Spaniak (who is questionable to begin with)doing a R/M with Liberty (a subsidiary) of ELCR screwing us the shareholders?

Also, I read F28 as saying that it is part of the R/M, so that cash flow will transfer to the new company which is a good thing. My main concern now is, is ELCR a part of the R/M. Second, is there going to be a R/S because I only see an issuance of 100 million shares of the new company and ELCR has over 6 Billion issued. Holding my breath the working person gets a chance to do well on this one, and we didn't get screwed by Spaniak(whom so many have said is basically a weasel). NOW we have to get clarity and dodge the R/M subsidiary bullet, and the R/S bullet.

I have been posting on here for at least 8 months IF not a year, that I saw a R/M forming. Now though, I am wondering if we are getting the short end of the stick. Thanks for sharing Jerog. GOOD LUCK to all!