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lurker27

09/23/11 12:05 AM

#101387 RE: CTTC #101386

CTTC, this theory does not make any sense to me, for a couple of reasons.

First of all, a PR was put out stating that financing had closed on Sept 14th, and that construction would begin immediately. This was a 275 million dollar project, yet we are to believe that the finer points of the financing were being worked out AFTER closing? I don't think so.

And secondly, if this were simply a matter of a few details needing to be worked out before the money would become available, wouldn't it be logical that this would be communicated to LLEG? If the payment was imminent, why would LLEG go public with a PR including statements about "breach of contract" and "vigorously pursuing all remedies", etc?

In the absence of a statement from Bartoszek telling us why the payment was withheld, I am more inclined to believe LLEG was not paid because they provided faulty engineering, as opposed to the funds being unavailable because of details yet to be finalized. Just my opinion.



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slick777

09/23/11 9:35 PM

#101400 RE: CTTC #101386

Thx for your HONEST input
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Brungy

09/26/11 2:41 PM

#101409 RE: CTTC #101386

I told you a long time ago that LLEG was no longer involved in the Berlin project. Thanks for confirming what I already said.