Tuesday, December 16, 2008

Some "Secret" Items Exposed?

If you've read this suit, you probably came away learning a few things you didn't know before:

1. Once the RUS opted not to loan SME funds, SME began to court investment bank JP Morgan, who declined to loan as well. (#27, page 9)

2. SME signed a purchase agreement with Toshiba, which SME did not comply with. Now Toshiba is demanding financial penalties. (#37, page 12)

3. SME obtained a $1.25 million line of credit with First Interstate Bank in July 2008. (#38, page 13)

4. SME and its sister corporation secured a $5 million loan from Stockman's Bank in October 2008. (#40, page 13)

5. The sister corporation of SME, SME Electric Generation and Transmission Cooperative owes $2.4 million to the "older" SME as of October 31, 2008. (#44, page 15)

I think we might now know some of what is contained in the "Trade Secret Box".

1 comment:

Anonymous said...

The Truth shall set us free!