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Message: Re: SGE1 / Re: sge we need you-sge = LL
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Apr 11, 2011 05:28PM
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Apr 11, 2011 05:52PM
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Apr 11, 2011 08:03PM

Apr 11, 2011 09:31PM
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Apr 12, 2011 11:26AM
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Apr 12, 2011 12:18PM

In response to your comments:

1. I seriously doubt third parties would be too open to any "back scratching arrangements" (fraud) under present circumstances with Lecky's track record and all the eyes currently watching. There comes a point where greed is overcome by risk. I submit that any nefarious behavior with Lecky would be an extreme high-risk proposition.

2. Is PDS (PTSC) under any obligation to make a future loan to TPL secured by future MMP proceeds? I think not. Who needs loans when (TPL) receiving "grants"? Probably the guy who is ingulfed in multiple litigation, with possibly more to come (criminal). Not to mention the guy who may be on the hook for restitution to multiple parties.

You are of course free to your opinion about whether an adjustment to percentage ownership is in the offing, and/or the circumstances present when that day may arrive. IMO, it all revolves around TPL's ability to fund and nothing else. I'll grant you that Lecky's financial status now and going forward are a complete unknown, though I suspect he's burning through his money at a fast clip and I doubt many (if any) would be anxious to come to his aid.

As for the property in Vegas, you fund the creation of the ocean, and I'm a buyer! LOL

Interestingly, perhaps, I would be interested in lake-front property near Overton.

SGE

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Apr 12, 2011 02:50PM
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