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U.S. energy company, founder must pay $3.1 million in SEC fraud suit: court
http://www.reuters.com/article/us-sec-insidertrading-microcap-idUSKCN0WX2A1
It would be an understatement to say that I regret the time and effort that I expended here. I really did trust this company. So much so, that I was willing to be very transparent about who I was. I was buying these diluted shares alongside everyone else. It all makes perfect sense now. Those who dug into this without rosé colored glasses really saw something in Laidlaw and its management that I was unable to
This explains a lot.
54. Bartoszek never had a stock trading plan or any other written plan for the purpose
oftrading securities in accordance with Rule 10b-5 ofthe Exchange Act [17 C.F.R. § 240.10b
5] . He generally sold small amounts of Laidlaw shares nearly every trading day between
December 10, 2009 and June 9, 2011. He did not disclose his sales to the Commission or to
Laidlaw shareholders.
Do I win a prize for being quoted in an official SEC litigation document?
47. The Form 1 0 was the first time that Laidlaw provided its shareholders or the
public with comprehensive information about the Company's shareholders, finances, and
business projects and prospects. It immediately became the subject of chatter on a Laidlaw
related internet message board, one message board poster noting that, with respect to the share
issuances to the Purchasing Entities, "this explains the crazy dilution we saw in 2008 and 2009."
Trading volume in Laidlaw common stock increased 700%, from 500,000 shares traded on
January 6, 2012 to 4,000,000 shares traded on January 9, 2012 (the day that Laidlaw filed the
Form JO).
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70723302
http://www.sec.gov/litigation/complaints/2013/comp-pr2013-100.pdf
This all makes sense now.
"40. Bartoszek sold to the Purchasing Entities during periods of high liquidity. On
March 8 and 12, 2008 , Employee A emailed that "this business is all about timing" and that
Laidlaw should sell discounted shares to the Purchasing Entities "while the liquidity is healthy,"
reflecting the Purchasing Entities intent to rapidly sell the shares acquired. "
http://www.sec.gov/litigation/complaints/2013/comp-pr2013-100.pdf
It was a great experience with a terrible, abrupt ending.
How many FB users, now FB investors, are clicking every ad they see when they are on the site?
I haven't really been following along for several months. Can you give me the cliff notes on what has been happening, C?
Hey all! Hope everyone is well.
Matthew
I continue to hold some LLEG. Even if I were able to sell at these levels, I personally wouldn't. I do not believe we have seen the best of LLEG yet.
What is your opinion on when LLEG will get off the greys?
Thank you. Looking forward to seeing what's next for the company, one way or the other.
It sounds as though LLEG wishes to fulfil the agreement so that they can get the Susanville project off the ground. This goes back to my question: Why would the company press forward with filing (project development) if the company does not plan to get itself out of the hole that is has been in for the past 6 months?
But why file the forms if the company has no intention on progressing?
All spin.
That's a great article... explains a lot of the swings that are present in pink sheets. Message boards simply contribute to the emotional roller coaster ride.
bear, the authorized increased from 3M to 9M, not the outstanding shares.
Just wanted to make sure you were comparing apples to apples.
This is a fresh year, if LLEG wants to air it out there and provide all the details, whether ugly or not, we owe it to ourselves to remove spin.
After reading the filings, so many of my questions are now answered. Why couldn't the company just be forthcoming and open to begin with? Look at the hole they dug themselves into.
I'm still holding shares and will continue to do so. I think we are out of the greys this year and back in the .003 to .005 range.
Those should be B's not M's.
I can't search on ihub anymore.
Who is Mazuma?
According the Mazuma website:
http://www.mazumacapital.com/?page_id=8
$1,200,000 for Biofuel/energy
1.2*10^6 / 2.0*10^9 = $0.0006 per share sold to Mazum between 2006 and 2010. This is all common stock. This explains the crazy dilution that we saw in 2008 and 2009.
For the first time in history we know exactly where we stand with LLEG. Regardless of how one reads the statements, that individual can now make an educated investment decision.
Awesome news this AM!!!!!
Berlin Biomass, now owned by Cate St. is progressing well. I've heard rumors of a Fall 2012 commissioning. Doesn't help us anymore, but most LLEG longs still feel happy that the project is doing so well.
I still believe the company will come out on top. I check in once in awhile but the atmosphere isn't the same as it used to be here so I have moved onto other ventures.
Anything interesting happen recently?
LLEG posted positive news today!
Brighter days are ahead for those who continue to have a positive long-term outlook for LLEG.
LLEG is down but not out. This company has a lot of fight left in it, I believe.
Great news out for LLEG Longs!
Oh I hope we get off the greys soon, I miss the action here!
None whatsoever, but my bid is extremely low.
It's buried in here:
http://www.nhsec.nh.gov/2009-02/documents/091216application.pdf
I believe around page 120 or something.
Not sure where you got the $2.7M figure
$2.7M is 50% of the $5.4XM that Laidlaw Berlin Biopower received from Cate Street.
37.5% was the original equity share of LLEG in the Berlin project, which they sold for $2.7M.
There is your number. LLEG owns 50% of LBB. LBB received $5,462,500. Therefore, LLEG receives $2,731,250.
Done and done.
I think you have the wording wrong.
@ .0001, any stock would be a gamble, not an investment.
Lurker - its called RSS.