Holes in Geo's PieceI have been reading through Geo's piece and have been comparing the points to sec filings, press releases and other information released on LLEN. They seem to have manipuletd information as well as fabricated information. I am going to post what I find as I go through it. It may take some time but I want to focus on one topic at a time before moving to the next.
First example- Wy would Union Energy take over a facility that was shut down-Zone Lin
Answer-Dec 12, 2012 10-Q filing page 10:
"The following summarizes the assets and liabilities of our discontinued operations at October 31, 2012 and April 30, 2012 which are reported as a component of Assets of discontinued operations and Liabilities of discontinued operations in our consolidated balance sheet related to the announced agreement to sale of ZoneLin and DaPing. According to FASB ASC 360 Rule, the assets and liabilities of discontinued operations are considered held for sale at October 31, 2012 as the Company announced on October 22, 2012 to finalize the transactions"
Over $74 million in assets, close to $7 million in liablities.
Am I missing something here? Looks like Union got an excellent deal. Why wouldn't Union make that deal?