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JTrox

07/19/11 10:53 AM

#99136 RE: Grozny #99134

This is the reason I believe CTTC is right in his 50/50 belief. Revenues from New Bedford should give them the funds to finish an audit and hopefully list on the OTCBB. Berlin will happen, but may be a year or two away...(could also be tomorrow) It's a waiting game on if LLEG can overcome this suspension. I think they will, but may decide to go private.... We'll see...
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DragonBear

07/19/11 11:11 AM

#99140 RE: Grozny #99134

What about the New Bedford plant?

What about it? How much has LLEG invested in this site? How much of the reported $2.7M on the books was invested? Unknown. They say they have operational control of the plant, and are entitled to its revenues. How much are those revenues? Are they entitled to 100% of the heat revenues, or splitting them with someone else?

There's nothing to indicate this won't be an attempted replay of Berlin - project management. Another Cate comes by to pay LLEG a $5M fee, with Konarka kicking in money for the solar part - as a show piece for their business. A few years hence LLEG gets their fee (pay day), and goes onto the next project. Doesn't matter if the common stock remains Grey or not.