Q–Your relationship with the investment members ended up in this litigation; true?
A–Yes.
Q–Your relationship with Blue Sky Utility also ended up in arbitration; right?
A–Yes.
Q–And your relationship with Sunrise Energy ended up in arbitration; right?
A–I believe we settled before we got there, but yes, it would have gone that way.
Q–Do you have an understanding that there was an arbitration claim filed by Sunrise?
A–I don’t recall that. But I’ll take your word for it.
Q–VERT Solar Finance is in bankruptcy?
A–Yes, sir.
Q–The Fund has no money?
A–Yes.
Q–The investment members got nothing?
A–Yes.
Q–VERT Solar Finance took about 2.4 million [of $6.8mm total} from the Fund in fees?
A–Yes.
Q–And then VERT Solar Finance received another $400,000 fee directly from Boviet?
A–That sounds right.
Q–For a project that was funded by the Fund?
A–Yes.
Q–So the amount of the fees taken directly out of the Fund at 2.4 million is about 35 percent of the total amount the investment members paid into the Fund and entrusted you with; right?
