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CTTC

07/21/11 11:00 AM

#99296 RE: Grozny #99295

As I've told you in my email yesterday Matt, the negotiations are continuing, though sporatically, and the general feeling is that the Berlin Project is too big and involves too many people to be allowed to fail. As far as LLEG failing......if they do it'll not be due to lack of funds. The SEC mess may have sunk the California project but I doubt will have any affect on New Bedford. My one worry is if LLEG management decides that keeping the company puplic is not worth the hassle and decide to take it private.