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cyclone101

03/24/08 11:57 AM

#24024 RE: Brungy #24018

I agree it should have been done by now..... but when dealing with a amount like this there will be complications....

o wait, thats right, your TOWN was the complication, holding things up, desprately trying to hault the deal....

As one email stated, we need to get past the town first, then the financing will finish easy.... (paraphrasing)

we JUST finished the last date with the town a few weeks back (2).......... now we are signing papers on the financing.....

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Howardhaftel

03/24/08 12:28 PM

#24044 RE: Brungy #24018

Financing for the Berlin project may be delayed and it may not, we don't know and if it is delayed we don't know the reason. To say the deal is delayed because of a transmission problem is misleading because we don't know if it has been delayed. There are people saying its coming, today, tomorrow , next week or whatever, is also misleading because they don't know. The transmission problem addresses a maximum of 100 megawatts of power but that assumes we will transmit the max output. the Generator can produce power at a much lower output and still make a profit. There is a financial crisis in this country and this may or may not be a condition of not releasing a completion PR.
It may just be premature. There are other thing to contend with and have to be addressed. As I said before Mike controls 70% of the stock and therefore has more to lose then all others combined and so you may be sure he is moving ahead as fast as he can to solve any problems that my appear. The spiking of the stock both up and down is manipulation to trade and nothing more. Remember this stock will not produce big returns till its on line producing electric and steam. That my friends is over a year from now at Berlin and we don't know about New York as yet.

As a Japanese friend once said< "Rots of Ruck!"
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dmchas

03/24/08 12:39 PM

#24046 RE: Brungy #24018

how much did your taxes go up ?