Dear Mr. Booth: We're very pleased that you are interested in the
MEG, and we sincerely appreciate the inquiry and request. Unfortunately the final development of the MEG is
"on hold" until we obtain the necessary financing to complete it. We have
a signed contract on doing it, with the Principal being an international
engineer performing large projects worldwide under UN auspices. He is an
excellent man who has completed many such projects worldwide, and who
already has a contract with the UN for some new large projects under UN
auspices, of which the MEG is a small portion. Receipt of our MEG funds
are thus dependent upon the Principal receiving his contracted funds from
the UN. Until the United Nations releases the funds to the
Principal, we are "on hold".
Unfortunately, a great deal of the funds that the
various nations of the world supply to the United Nations to help needy
nations and peoples in various places of the world seems to be subjected
to an operation known as "sweeping the cash". In such an operation, the UN
funds are "released" into a separate private bank somewhere in the world,
where the chosen private group that owns the bank then holds the funds
while freely acquiring the interest on them. For a reputable article on "sweeping the cash",
see "How Wall Street 'Sweeps' the Cash: Investors' Idle Money Is a
Brokerage-Firm Bonanza," Wall Street Journal, Jan. 11, 2007.
We are hoping that release of the funds to our
Principal partner occurs soon, as we are unable to move forward until that
time. Best wishes, Tom Bearden |