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BobSinCA

08/31/10 9:19 PM

#17426 RE: Howardhaftel #17425

Both the manufacturer and EEGC are totally committed to see this work and they will do what ever it takes to make that happen.


Well, not exactly.

- GEFCO demands to get paid first (understandable, given EEGC's track record with Hunt and SmartWin); and

- EEGC (so far) hasn't figured out how to do that.

Two months since the Sure Capital announcement, which included due diligence requirements to be met by EEGC (at EEGC expense, likely at MB or other Director expense given the lack of EEGC cash at 6/30 and RO performance). And so far, no announcement that they have been met.

8.6 months on Bellevue, and ticking.

EarnestDD

08/31/10 10:30 PM

#17427 RE: Howardhaftel #17425

Per Art at GEFCO .... No payment by EEGC yet.

Not even a deposit has been paid by EEGC.
jmo