Sounds good, thanks.

True. Just thought they mentioned what quarter the buy back would be starting in their last conference call.

Anyone know if that 4 million share buy back has started yet? When was it slated to start? Did they say on that last cc?

Haven't tasted either. Just thought I'd take the pic. My buddy, who works at the store informed that his pops, one of the managers there, purchased 1K worth, 33K shares, of this public company that SR just started carrying their items. Told me it was a pinky/OTC. Thought I'd check the board out here. Did some brief research. Not much. Didn't like the history of name changes. Haven't purchased any shares myself yet.

-ValuelessTrader

Sorry. My mistake. Not enchiladas, lol. Empanadas. Dude in the hot foods dept said they're selling well.

ShopRite, Little Falls, NJ

They have also been serving the enchiladas hot, behind the counter in the hot foods dept. I was told that the enchiladas are selling well.

Lololololol....

That was a Barty reply from Dec, 2010.

These recent filings are the result of Barty & friends hoping that this SEC investigation doesn't result in an indictment.

Barty deceived all. He is a smart man with plenty of Wall St. experience. These weren't mistakes. Lol

Welcome to the pinks..

Anyone know of how to get the ball rolling on filing a class-action lawsuit?

CEO is most likely lounging in a nice warm place overlooking the clear, turquoise water, sipping on a Pina-Colada, smiling on how he pulled the wool over our eyes.

Time's Up

I will def be willing to buy some in the .000's, considering I sold all of my holdings in .002-.0035 range after coming back from the suspension on the greys.

Easy 100% profit at that point IMO

Pretty sure he means $2

Lol

Who's your broker? I'd call them up. I sold 6 million shares since coming to the greys. Through etrade. One of the million share lots I put in was executed through partial fills throughout 2 days. I did find it easier to sell in even lots though. Anywhere from 100K-300K lots. I sold all in the .002-.0033 range. My avg was .0017.

Yeah, some of the experts here on the grey mkt originally said that the order amounts had to be exact matches in order to execute. This is false, as I had several partial fills on sell orders over the last 2 1/2 weeks.

Berlin Biomass Construction Site Being Dismantled

Beyond belief that one particular IPP, Whitefield, demanded 13 million dollars on top of the short-term PPA that they were being offered. Unbelievable.

If this project does not move forward, there will be no short-term PPA's for the other IPP's. There are a few of them that will not be sustainable without that short-term PPA. Those other IPP's are literally fighting for their survival at this point. I'm the sure the pressure is being put on Whitefield at this point. Being that they are based in Korea and judging from their website, they seem to be doing fine without PSNH. Not sure they will drop their appeal to allow this project to move forward.

http://www.nhpr.org/berlin-biomass-construction-site-being-dismantled

"Some observers wondered whether Cate Street would really give up on a project that has taken so long to come together.

But now the company is removing its equipment from the proposed site.

The site should be closed down in a couple of weeks, according to Richard Cyr, an official with Cate Street."

I sold a couple mil. Also sold roughly 6 mil since coming to the greys @ .0028-.0033

I sold a mil at .0052 on June 6th, the day before the suspension.

Holding small position now. My avg was & still is .0017

Hindsight is 20/20. Shoulda sold all on 6/6 @ .0052. Live & learn.

I had 2 partners that bought in also. One sold a while ago. The other is still holding a large position of 20mil shares.

I will buy back in later on. Plenty of time. Many other opps to make $$ & come back to this. Had a long convo with Ed & a few email exchanges with Barty since the suspension. The entire, "we're working on things, this is an option we're looking at" got tired. I've always had a prob with the communication with shareholders here, something I brought up to mgmt & IR many times, since I originally bought, in 2008.

I do feel that lleg will overcome this & eventually uplist & move on. Could be years though. SEC investigation & subsequent suspension, lack of details of other projects, Berlin being jeopardized, no filings, financials that don't tell us much, and overall lack of communication & consideration for shareholders is what led me to sell.

On a sidenote in relation to Berlin, one of the ipp's, Bridgewater, is owned by Pseg of NJ, which is where I reside. Pseg is the equivalent of PSNH. They are just as greedy as PSNH. I don't see them dropping their appeal. And can definitely picture them saying that a small-term power purchase agreement just isn't cutting it. That they want cash on top of that. I do not blame Cate St with pulling out.

Anything can change though. Don't think this is dead at this point. Plenty of power brokers trying to make this happen behind closed doors in the 11th hour.

GL to all

Well, I disagreed from the first day we resumed trading on the greys, with the assertion that for the orders to be executed, the bid & ask has to match in price & size.

Reason being, I got a couple partial fills through Etrade, so obviously the 2 orders don't have to match in size.

June, 2011. What's the point? That Mike didn't release anything public last Sept when the transaction happened?

When was the website updated to say this:

"After the successful development of the project which commenced as little more than an idea in 2006, Laidlaw Energy reached an agreement to sell its equity stake in the project in consideration for an up front payment and a subsequent payment to occur upon the closing of the project financing for the Berlin Project. Laidlaw currently remains a substantial stakeholder in the project, however, until the terms of the transaction have been satisfied."

Never said we were. I was just stating Cyr's position in relevance to his statement, which was:

"But when asked for clarification the following day, Richard Cyr, a spokesman for Laidlaw BioPower, said attorneys needed to draft a new statement, which arrived yesterday afternoon.

In it, Cyr said Laidlaw Energy Group sold its equity interest in Laidlaw Berlin BioPower to Newco Energy LLC in September 2010 for a cash payment at the time and a subsequent payment after the construction loan on the project closed."

There, it's public. Maybe I am not sure what you are asking, please clarify

Once it hit the public docket on the NHSEC site back in Aug of 2010.

Richard Cyr, of Cate Street Capital, also a spokeperson for Laidlaw Biopower, reiterated this fact in the June 10th Concord Monitor article.

"left people to make up their own minds as to what exactly that new auditor will actually be doing."

Now that's a stumper. We can always speculate, which seems to be a fave pastime around here. Maybe they hired them to work on their cars.

"Here's one potential explanation as to the change which would fit with the suspension too:"

I guess when one is an expert in speculating & not stating facts. that could be possible. Oh, I just though of another possibility. Maybe Gruber doesn't even exist. It was a shell company that Congressman Bass started to create the illusion that Laidlaw hired auditors. It is possible....

Now let's look at your speculation one more time. Gruber notifies the Laidlaw board that doesn't even exist or Barty himself that they sees material financial fraud regarding the financials. Laidlaw says thanks, but no thanks. We are paying you to provide a service, not to be our forensic accountants. Gruber informs the SEC of this fraud. Laidlaw gets suspended. Then turns around and hires one of the top accounting firms in the country to audit their fraudulent financials. Yup, makes perfect sense. Thanks for that insightful post.

http://www.vault.com/wps/portal/usa/rankings/individual?rankingId1=252&rankingId2=-1&rankings=1®ionId=0&rankingYear=2011

http://insidepublicaccounting.com/PDF/top100_2010.pdf

Maybe it's a forward looking statement of what's to come...

Lol...Agreed

Not sure about the details. I asked him about the preferred shares & why they didn't appear as info on the updated site. He didn't stipulate any details but from reading his response, it led me to believe that they are convertible.

Eric,

They haven't been issued yet which is why they don't appear on the web site as of yet. When they are issued we will update the web site.

Generally speaking the newly issued preferred shares would be subject to the standard six month restriction on resale associated with Rule 144 and we have also put in place a "dribble out" clause, so if they do decide to sell at some point they are limited to the amount they can sell in a given period of time. Provisions like that are generally incorporated into transactions with a view of safeguarding existing shareholders by minimizing the impact to the share price if there is a sale.

It is also worth noting that it is expected that these people are going to be our business partners, so we certainly hope it is their intention to hold onto their shares for a while. I understand your concern, but it is not our expectation at all that the shares are going to be adding any selling pressure to the market any time soon.


Regards,

Mike

Yes, the Susanville preferred shares are convertible. I emailed Mike about them a couple weeks ago & he responded back. I posted the email response from him

"Nope...not saying Laidlaw is guilty of anything, but the SEC sure as heck thinks so."

Simply not true. SEC has questions. They didn't mention ANYTHING about whether or not they thought Laidlaw was guilty or not

Really, wow, that's news to me. Questions being raised equates to doing something improper? Not necessarily. Have to wait to find out what exactly those questions were, then whether or not Laidlaw accepts responsibility here. If Laidlaw denies some of the more serious SEC concerns, we might never find out if Laidlaw did something improper. Unless, of course, the SEC decides to take the legal route in regards to the more serious concerns, at which that point, a Judge will decide whether or not Laidlaw did something improper.

The speeding ticket example, in the words of one of our grey market experts here, that's comparing apples to oranges.

Finally, by stating this is caused by the Laidlaw, you could be misleading people here.

" on the Greys all trades are matched and both a buy and a sell since there are no MMs."

Matched in price, not share amount. I had 2 partial fills today.

Nope. Hit .011 for a blip trade...

This will be a beautiful chart by the end of the day

Maybe claytrader can analyze it for us

Nope. Hit .011 for a blip trade...

This will be a beautiful chart by the end of the day

LOL! Not sure what his avg is, but it hit .011, so a hundred million shares would show $1.1 million dollars. Lol

Yup. We finally did it. Congrats longs

Not sure. Def not much at all. Maybe 100,000.

Lolololololol! That was hilarious! I love this board!

We just surpassed a penny!!

WE DID IT ALL.

Congrats.

Some genius plugged in .011 instead of .0011.

Love it. Lololololololololol

"First of all, on Greys you can only match exact amounts of shares between a buyer and seller."

This is simply not true. This was initially thrown out there by many of our grey sheet experts here. I have had 2 partial fills today. Price matched. Amount of shares did not.

This is not true if you are trading through etrade. I put a sell order in online for 100K shares @ .0027. Half of it filled.

Fun fun fun...... .0004 to .002

All a joke. Will wait for this circus to end. Called etrade, they said they see a bid at .0001. Lol. This will jump all over the place, sporadically. From triple zeros to .002, .003. Patience.

You can trade online through E-trade.

EMAIL RECEIVED FROM MIKE BARTOSZEK, CEO

Hello fellow investors and grey sheet experts, I just thought I'd share this email I received from Mike a few days ago because I feel it is a little bit more in-depth than the generic PR we just received. IMO, LLEG's legal team advised them to release this PR, just to get something out here. For what reason, I have no idea. My speculation from reading his email. There were some questionable things from the SEC that Laidlaw agreed with and there were some questionable things that Laidlaw is outright denying. More than likely, the questionable issues that they are denying are more serious than simply changing their website. And they haven't had the chance to defend or clear themselves against these more serious issues so they aren't releasing the details of any of the issues. They wouldn't just release the issues that they fixed and hold back the more serious SEC concerns. That would fall under not informing investors of their current status. Releasing favorable updates, holding back more serious issues that aren't resolved. This doesn't make them guilty or not guilty at this point. All just questions for now. They are being very cautious and we'll just have to wait as news pertaining to these issues develop.

I emailed Mike a few days ago about the Berlin construction loan payment, Ellicottville, and the current SEC situation. Here is his response:

We are working on a lot of things. We are taking steps to address the SEC questions and concerns. I wouldn't think it prudent to downplay the matter by calling it "housekeeping" though I recognize some of the changes to the web site may seem to fall into that category. Clearly any time the SEC suspends trading the matter should be taken seriously and we are doing just that.

Our lawyers have been have a dialogue with the SEC and I have listened to their concerns and I believe we can address them, but I am not privy to their thinking (meaning the SEC) so I can't guarantee any outcome.

Our goal remains to demonstrate that we are a capable and professional organization that wants to do things the right way. We want our investors to have full transparency and we intend to continue to move forward to seek to file our Form 10 with the SEC and move to the OTCBB. To that end we are also working with a broker re form 211. I feel optimistic about these things but again I can't provide any assurance as to the outcome.

I would be happy to try to speak with you at some point to address your other concerns to the extent I can. Perhaps we can talk on the phone if we can't manage to meet due to schedules. To answer your questions re Berlin the remaining payment is still due to us as the closing hasn't occurred yet. I thought that was clear on our web site but I'll check it to make sure.

We wrote down our investment in Eville some time ago which is why it doesn't appear in our financials or the web site. We are exploring options to see if we can recover anything on our investment. The Federal lawsuit for money damages in still pending in the Federal district Court for Western Dist of NY. I hope we eventually get our day in court. That was such an unjust situation.

Best,

Mike

Yup. Fact of that matter. I look at it as a disclaimer. No insertion of foot into mouth at this time.

PRESS RELEASE 10:23PM

Laidlaw Energy Group, Inc. Announces Response to Trading Suspension

Jun 20, 2011 22:23:00 (ET)

NEW YORK, Jun 20, 2011 (BUSINESS WIRE) -- Laidlaw Energy Group, Inc. (ticker symbol:LLEG.PK) (the "Company") announced today that as of 11:59 p.m. on June 20, 2011, the order of the Securities and Exchange Commission (the "SEC") that temporarily suspended the trading of the Company's common stock is expected to expire. The Company believes it understands the SEC's concerns and is working diligently to adequately address and resolve those concerns. The Company is also working to identify market makers that will make a market in the Company's common stock. There can be no assurance that a market maker will make a market in the Company's common stock.