I agree with you 100%. As I said, the seller has had access to all information about LLEG prior to signing the contracts and made an informed decision that LLEG was a secure company worthy of investment, otherwise they wouldn't have entered the contract in the first place. If the contracts are actually already executed as has been reported, I am not sure that they could back out anyway without evidence of actual fraud which IMO doesn't exist.
As far as the government backed loan, there will be no consideration of the SEC matter involved with the loan as it is run by seperate agencies and programs. If LLEG meets the qualifications concerning the government backing their loan, it will be approved and backed. All the backing will mean is that the Fed. will guarantee the loan, allowing for a much lower interest rate, much like an FHA home loan. The same holds true for GRANTS. If qualified, they will be paid.
Further, the issuance of a new class of shares is not necessarily dilution relevent to us at this point in time. If the shares are non-voting and not convertable, then they are revenue (dividend) generating only. If this is the case, considering we are likely a decade or more away from divi's ourselves, I do not see it as a meaningful dilution. I see it rather as more of a financing cost to shareholders for the acquisition of a multi-million dollar facility without the use of a single dollar of LLEG money.
Facts are coming out and will be available as the deal closes. If the SEC wanted pinks to disclose at the level of nasdaq listed companies maybe they should have informed the entire market PRIOR to actually just suspending the stock of a legitimate operation such as LLEG.
It is obvious that many of the "concerns" the SEC had involves the complex way LLEG has structured deals to get such outstanding results for the shareholders with limited assets being put into the mix. This combined with an out of date web site and vague details due to the NDA in Berlin, was probably enough in their mind to act BUT, it would have been nice had they AT LEAST talked with LLEG first to try to clearify issues without taking such drastic measures.
In any case, LLEG will come thru this stronger and more attractive to investors as increased transparency becomes obvious and we return to either the pinks, or move forward with the planned UpListing from here in the grey. Why cross two hurdles when you can combine the two and simply cross ONE. I think Mike may well be thinking that himself. There is no rule that says from grey you must go to pinks. And Mike and his team are smart enough to make it happen.
Check back later.
PATIENCE IS STILL KEY WHILE WE AWAIT A FORMAL STATEMENT FROM MIKE / LLEG ! ! !
PANIC IS THE ENEMY ! ! ! !
EVER FORWARD, EVER UPWARD ! ! ! !
LOOKING FORWARD TO ANOTHER GREAT DAY, WEEK, MONTH AND YEAR WITH LLEG !!!
AS ALWAYS,
GO LONG ! ! ! ! ! ! ! ! !
KEEP THE FAITH ! ! ! ! ! ! ! ! ! ! !
ENHANCE YOUR CALM ! ! ! ! ! ! ! ! ! ! !
STAY THE COURSE ! ! ! ! ! ! ! ! ! ! ! !
GO LLEG ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !
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