Correct Whaler.

Couple contractors have FILED liens against the property (This was to be expected as it protects their money owed.) to ensure they are accounted for if LBE had to close the door for good, but there has been no judicial decision (judges ruling that the liens are valid, total amounts, and order of priority).

I believe the note holders have used this excuse to attempt to force Gary's hand in to forfeiting the properties/infrastructure knowing they will be able to sell it all off a year down the road for twice the value(plus the pre paid interest) of their original investment . It is a bit of a grey area attempting this legal manoeuvre this early. Probably in the hopes that it would somehow stop the deal Gary is working on.

Obviously our note holders have the same mentality as the investment firms/banks in the U.S. that has caused the global recession… make money at any cost.

The way I see it…obviously we had no way of paying off the $16.5mill by November.. so we can only assume that Gary’s deal includes the cash to pay off the loan.

If anything this will only expedite the deal so we can pay everyone off and get back to business.

As I believe Gary’s relationship with the Chinese has always been strong (goes back way before he took over LBE) and seeing the Chinese investing hundreds of millions in Canada this last couple months.. I can only assume that we will see the money needed. I’ve gone ahead and bought as much cheap shares as I could Friday. Hopefully my faith in Gary’s abilities will once again make me a pocket full of cash.

Quaz