Replies to post #46459 on Strategic Asset Leasing Inc (fka LEAS)

[hubba2]

Sorry to bring this up but.... Another question. When you go to the current Mammoth Energy Website and look under Management Team you see the past history of Mr. Lieberman and it writes about being a past president history of Trilliant Exploration

Mr. Lieberman is the former President of Trilliant Exploration Corp., a gold mining operation with assets in southern Ecuador and nearly 200 employees in full scale mining production with reserves of nearly 1.2 million oz.

I bring this up because this is Mammoth Energy advertising their team on their current website. When you go to the Trilliant's last Form 10-Q for TRILLIANT EXPLORATION CORP 22-Nov-2010. Quarterly Report and read to the bottom it says about Ecuador.

As of December 11, 2009, we were in default for the purchase of Muluncay. We received a letter on February 11, 2010 in which Del Pacifico informed us of its intent to enforce its rights under the Share Transfer Agreement and terminated all contractual agreements between us and Del Pacifico effective December 31, 2009. In the interest of our shareholders and lacking financial funds to further pursue contractual agreements with Del Pacifico, we acknowledged the letter from Del Pacifico and released all claims on the Controlling Assets and rights under the terms of the Share Purchase Agreement.

Effective December 31, 2009, Del Pacifico terminated the agreement due to our inability to provide the $1,800,000 investment pursuant to the contract terms. Thus, we determined to discontinue operations through our Muluncay subsidiary. We were released from all obligations and released all claims on the Controlling Assets primarily because we had incurred significant operating losses since acquisition and we could not attract operating capital to meet contractual obligations since the acquisition of Muluncay. On December 31, 2009, we completed the loss recognition for a total loss of $1,964,636.

Was there more than one Ecuador project? Just trying to figure all this out. Mr. Lieberman currently advertises this sizable accomplishment (GO MMTE!) Yet all I see is Trilliant Defaulted on an Ecuadorian mining operation. What gives?