Post by
farstar on Nov 05, 2012 5:07pm
All Read following regarding D Lee's transaction w
Mr. Lee transferred his personal shares of LLEN as collateral on a personal loan. All proceeds from the loan were transferred directly to L&L Energy, Inc. as a loan to fund expansion. Mr. Lee's loan to the Company was approved by L&L's Board of Directors. The term on the loan is three years, Mr. Lee also has the option to reclaim his shares at any time upon written notice and repayment of the loan.
Comment by
farstar on Nov 05, 2012 5:10pm
Sorry.....forgot to post the link regarding this transaction that just came out.https://openinsider.com/search?q=LLEN Farstar
Comment by
farstar on Nov 05, 2012 5:15pm
Here is the actual document. Read the remarks !https://www.sec.gov/Archives/edgar/data/1137083/000144436412000001/xslF345X03/primary_doc.xml Farstar
Comment by
lutherpstr on Nov 05, 2012 5:34pm
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Comment by
farstar on Nov 05, 2012 5:37pm
DC Are you saying that LLEN has put out a press release regarding Lee's loan? If so, I have not seen it yet. Is there a link? Farstar
Comment by
lutherpstr on Nov 05, 2012 5:43pm
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Comment by
lutherpstr on Nov 05, 2012 6:08pm
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