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really low vol 16.6mil shares....last couple of trades 001 to 0018.....so for the few who opted to sell they are letting go at low prices.....this is a thinly traded stock and today it's continuing that trend Several days should give some indication where it's going...........but key here is HOW LONG WILL IT TAKE MB TO SATISFY THE SEC REQUESTS
1.6mil@001
"First few days are scared shares running for the hills on the grays, then value returns if the company is REAL, and LLEG IS REAL"
yes the company is real........but what is bothering the SEC about them.
1mil@001
400k@0021 100k@0023 300k@0022 100k@0028
0021 195k 0022 250k
325k@0024 500k@0024
25k@0021
unless they want to move a large position....and don't mind getting 0022 for it...we'll have to watch that now because we're see a lot of 003's and a few at 0022 so they are still out there at 0022.
ok 250k @ 003 just went by after the 50k @ 0022
50k@0022
that 250k @ 003 was a sold order by you Red?
100k@.003 300k@.003
it's the same pattern we see day to day here.....is this a wait and see on most folks part?
a lot of this stock is held by long term folks here....I suspect based on posts they aren't running to sell. Then the question is how much does MB own? This has a history of being thinly traded for my thinking for a company that has 2.4bil shares out there.
100k @ 003
350k @ 003
600k @ 0022
700k @ 002 (500k and 200k)
5000 @ .002
I don't have a clue about the greys...but wonder if it's like someone put up 32,244 shares at 0004 and someone else said i'll buy them? or can you put up larger orders and someone comes in and buys a portion of that larger order.
Ihub level 2 showing a trade of 32,244 @ .0004.
"Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the
Exchange Act, at the termination of the trading suspensions, no quotation may be entered unless
and until they have strictly complied with all of the provisions of the rule. If any broker or dealer
has any questions as to whether or not he has complied with the rule, he should not enter any
quotation but immediately contact the staff in the Division of Trading and Markets, Office of
Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to the abovenamed securities until such time as he has familiarized himself with the rule and is certain that all
of its provisions have been met. If any broker or dealer enters any quotation which is in
violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information which may relate to this matter, they
should immediately contact any of the following individuals:"
http://www.otcmarkets.com/stock/LLEG/news/Suspension-of-Trading?id=31429&b=y
"There can be no assurance that a market maker will make a market in the Company's common stock."
regardless of how the stock trades we still need to know what bothered the SEC about LLEG and how much time will it take to resolve and once resolved what will that resolution be....
it's the UNKNOWN piece of data folks need
"Also with a LLEG paper corporate ownership of 40%"
where did you get that from?
"Every move this company has made is consistent with the company being a project management company specializing in bringing biomass energy to market on behalf of investment groups. "
we'll see what the value of that is to the 2.4bil shares on the market and the 1 mil preferred....when the sale price (if it gets finalized-----we don't have a PR confirming that) is for the Berlin Station LLEG equity position
"then you should consider adjustments to your holdings when trading reopens"
I did that when the last PR came out as I mentioned earlier
jm....i don't play cards. I call it the way I see it. Think about it. This company wants to expand. If they keep issuing new stock unless their net earnings are substantial at some point they will be too stock heavy for finance consideration I'm thinking. So how does a company address this? Well for me, and it's only me, that common stock is a green light to consider the r/s. That's just my thinking.
jm we all know we've been patient over the years with many of these stocks LOL....we've all been here a long time. What I've come to realize is that no matter how promising a company may be the reality of the stock and lack of good information calls for for me a change immediately in what I do with my position. I'm holding too many promises in my account right now that are worthless. My fear here also is a r/s. That's the area LLEG can improve it's position to look good for taking out loans etc.....take 2.4bil shares do a 1000/1 r/s and then tell shareholders it's a good deal. Not saying they will do it but many have told us they wouldn't and we know we should be looking more cautiously at these things.
that's the whole point bear....we need to know more details. That last PR about the CA plant and more stock being created was a major red flag for me. I was not comfortable keeping my funds in the stock because of that. I reduced to a smaller position. Most folks here invested in this stock thinking the now called Berlin Station was LLEG's only to find out we were a facilitator of the project with an unknown interest in it. That PR the last time caused me to realize at least 2 things...one this is a stock weighted down company and secondly we could end be being facilitators of the plant again....either caused me to reduce my risk here.
I want to see a PR that contains that data JM...and one that contains the fact that they sold the equity position and for how much. This is June and they sold it back in September? reportedly?
we need clarification from Laidlaw (lleg) on where those $$$'s will be accounted for...will it be the LLEG company or other?
Spencer tell us what you know about the sale of LLLEG's portion of the plant and what's going on now with it.....
ps: I don't think it would make a difference whether Jon did or didn't go to SEC. There is a division in the SEC that handles these types of stocks and when companies put out financial statements and PR's etc....I'm sure these are the areas that the SEC is most interested in.
in reference to that article....is Berlin Biopower Laidlaw Berlin Biopower.....Berlin Station??????
Which one I wonder
thanks purple....2 things come to mind for me....if that release is in fact where the situation is:
a) where is LLEG's PR telling this to shareholders
b) IF the a/r funds noted on the financials were a downpayment (we don't know that yet) where is the money LLEG made being a facilitator of the project?
Brung....where is the statement? Do you have a link? thanks
"It did not get audited the way everyone wanted"
either they are audited or they aren't....that's a material piece of ingredient to consider in buying a stock. To me unaudited does not have any value to me except for one piece of data. The accounts receivable figure.....
was that a deposit for the sale of equity in the project? the whole amount? or......
was that fees LLEG earned working on the project? If not where are those fees?
Again assuming the project has been considered for sale.
the key piece of information is missing...the details of the sale of LLEG's position (if in fact it was sold). If they are still negotiating the price or the details that go into the price then in my mind they still have a stake in the property. Can they call the deal off if they don't agree on a price? Again, I don't know where it's been confirmed that LLEG sold their share...
there are 5 posts in the yellow sticky section, none of which state the SEC has suspended the stock. I think that would be the most informative of all 6. Please consider adding this to that section.