RE:RE:In fact the word "pledged"That entire clause you cite and the imputed value therein will be invoked if and only if Trillion seeks additional financing it
does not pledge any value of any SASB asset it says essentially "You can't borrow any more than this calculated value of what SASB is worth right now". And that's it!
Stop digging and stop LYING! TheLandedEagles wrote: So you agree its have been stated , the wording "PLEDGED" 4 times...under that document and this is in fact a SECURED DEBENTURE and holders given a priority charge on the PDP reserves (Proved, Developed, and Producing)...where exacting do think those reserves exist...the "SASB" block...so, your point is What...because SASB, was not mentioned specifically....priority pledge is on the reserves themselves...and limited to that 40%...mentioned ..so on...and so on...SO WHAT EXACTLY is the ly.....