JES you hear from Mr Nash that things were not sold? ...yet from a post at SH there is this statement.

On page 13 of LBE's MD&A for Sept 30th, 2008, you can read the following sentences:
"In the third quarter of 2008, the Company sold the hoist at the Redstone shaft for net proceeds of $1,400,000 and realized a loss on the sale of $362,410. The net proceeds from this transaction were applied against the outstanding accounts payable balance the Company had with the contractor who purchased the hoist equipment."