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DragonBear

08/24/11 2:07 PM

#100455 RE: TenKay #100400

Looks like Sept 1 will be achieved

if loan close is a material event to LLEG then PR would be required.



What responsibility does management of a Grey stock have to its common stockholders in making announcements? As long as they clean up their accounting, what additional punishment can the SEC levy on a Grey stock engaged in Silence? It seems unclear.

If one is not forthcoming, then it is very reasonable to assume it is not considered a material event by management.



Silence seems to be the optimal path for management to take. It keeps the speculation in play. After the fact was Berlin worth $5M, $20M, $27M? As time proceeds the Silence feeds more speculation be it New Bedford, or comatose Susanville. Why should management announce a CTTC figure of $2.5M? It would dispel a lot of speculation.