Here's a brief summary of my convo with Michael,, President & CEO
Laidlaw Energy Group. As I said in a prior post I asked what the o/s was, as it's thee most important factor to me before I buy a stock. He stated it was roughly 900 mill, so we see it hasn't fluctauted much over the past months. This is a trip zero, and that has to be factored in. We know the a/s is 1.5 bill already. The company is undergoing an audit and in 2008 the company hopes to expedite the process to uplist. A lot of factors to take in as there are two projects "active", two in the pipelines. So, I don't want to speculate on a pps at this point, only to share my opinion that the pps at this time is undervalued and there is a lot of room to grow. The two current biomass plant projects as many of you know that are active are the NY and NH projects, the two in the pipes are in MA and Vermont.(They are farer along in Mass then in NH.) They own the plant in NY as well as the Lumber biz(I forget the name of the lumber outfit).The NH plant would be the largest in North America. There is a company engaged in modifications, Wilcox something?? There is a deal with GE to make upgrades to Turbine(I should of followed up more on that). As most you know there is opposition from some the towns people, but the state evaluation committee has the final say. Laidlaw has great contacts at the state level and union support, Charlie Bass was mentioned(I need to look further into he). Back to NY,,,the planning committee and Laidlaw are now in litigation( dispute with the planning board) in the Supreme Courts, it's going vey well for Laidlaw and they hope to have a decision within the next 90 days. They have financing in place to fund these projects. Private capital. In a few weeks there will be a signed final asset purchase agreement. That's pretty much what I got for now.
Noted..Former U.S. Congressman Charles Bass