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the less they say right now the better for them I think.....
"stock promoting activity by the company"
or it could simply be something they saw in the posts he's made on IHUB and his blog
the link doesn't appear to be working at the moment
Laidlaw Energy Group's CEO Michael Bartoszek's Blog
http://laidlawenergy.blogspot.com/
from the website:
"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. Laidlaw currently remains a substantial stakeholder in the project, however, until the terms of the transaction have been satisfied. Laidlaw also has an ongoing role in the project as certain of its principals provide executive management services to Laidlaw Berlin Biopower, LLC pursuant to certain Management Services Agreements."
http://www.laidlawenergy.com/NH_Project
``````````````````````````````
"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."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64130570
we need clearer information on this.....was it sold or still being negotiated
willing??????.....does he have a choice?
"We're willing to be completely transparent with them and basically show them anything they need to see to feel comfortable with us as a company," Bartoszek said."
http://www.concordmonitor.com/article/261948/energy-companys-trading-suspended?page=0,1&CSAuthResp=%3Asession%3ACSUserId%7CCSGroupId%3Aapproved%3ABA4A9537C4BF4594E11F4B09D8217743&CSUserId=94&CSGroupId=1
ah....because it was a material event for shareholders to have good info to make good decisions?
"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.""
who did the press release go to and if it's true....is there are PR from MB to the shareholders of LLEG stating this happened?
"Laidlaw Berlin BioPower quickly distanced itself from its former affiliate after the SEC's announcement, sending a press release Wednesday morning saying the SEC action "has no effect whatsoever" on the project.
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."
http://www.concordmonitor.com/article/261948/energy-companys-trading-suspended?page=0,1&CSAuthResp=%3Asession%3ACSUserId%7CCSGroupId%3Aapproved%3ABA4A9537C4BF4594E11F4B09D8217743&CSUserId=94&CSGroupId=1
"At that point the EPC contractor and
LAIDLAW from page 6 those charged with overseeing construction
have a much larger role and
it makes sense for us to take a back
seat and focus our efforts elsewhere."
http://www.laconiadailysun.com/BerlinPDF/2010/8/20B.pdf
does that imply he planned on reentering the project at some point? This wording is confusing. Sale? Reenter?
BBF..where are you getting this info. Do you have a link? Thanks.
"LLEG has had all their expences reimbursed in the project and currently has $0 debt. The remaining balance from the "partial payment" made to LLEG is the $2M+ everyone keeps referring to.
LLEG still has an interest to be bought out yet, likely after construction funding is granted, which is after PUC approval of the PPA, the SEC has already APPROVED ALL changes in the Site Permit."
"Laidlaw will have plenty of cash shortly."
how much? source?
"Simple ?, simple answer? "
there is no simple answer....all is conditional on the shareholders interest in this plant. I can't make that any plainer to you.
I was looking at their balance sheet and you'll notice on 12/31/10 they show 2.5+mil accts rec net and 745k+ cash ....
and similiar numbers in September.....(minus some $$$)...
I'm not aware that they have any company that's producing revenues for product so could this be the sales fee, a part of the sale of LLEG equity in the plant? (and what makes me question if it's part is the fact that the PR reference stated LLEG doesn't have any equity in the Berlin plant since September). Of course this could be a deposit balance conditional on successful implemtation of the plant operation
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64041687
"“In the wake of the Security Exchange Commission's (SEC) decision to suspend trading of Laidlaw Energy Group’s ("LLEG") stock, it is necessary for Berlin BioPower to clarify that Laidlaw Energy Group no longer has any interest or role in our project. Laidlaw has not been involved in Berlin BioPower since September, 2010. Therefore, this SEC action has no effect whatsoever on our project,” said Berlin BioPower spokesperson Richard Cyr."
"For those folks in the North Country it is a very valid question."
yes it is but this is a stock board to discuss LLEG and I'm just trying to keep these subjects pertinent to the stock. If you in fact aren't speaking from a shareholder interest but from your personal interest as a resident of the area your question and the resulting answer would be misleading to the folks here who are only interested in their LLEG investment not the business of Berlin Station again if in fact we don't have an equity position
before I'd be willing to consider any more about the Berlin Plant the question needs to be answered....does LLEG shareholders have any interest in it today? If not any transactions surrounding Berlin plant today are immaterial. If yes, I'll agree with you but would still want to know what % interest we have/had and if sold were any $$$ substracted from the sales price for expenses
like I said the prior question is does LLEG shareholders even have an interest in the Berlin project anymore? If no, what difference does it make? Any discussion surrounding the Berlin plant needs to be with a clear understanding of whether we even own an equity interest in it....that's why I want that PR
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64117335
the real question is how much does that approval impact LLEG? When was LLEG's interest in the Berlin plant sold (if at all yet)....and what % of ownership did the LLEG shareholders have of it? and if sold at what price? and if $$$'s transpired for it where is the PR telling us that?
that's why I wonder if she made a mistake and it should have been Berlin Station? I'm still looking for that PR she referred to.
"No Records were found for the search criteria 'Berlin biopower' on 6/10/2011 1:37:40 PM"
"Berlin BioPower issued a press release yesterday clarifying that Laidlaw Energy Group no longer has any equity interest in the 75-megawatt biomass plant proposed for Berlin."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64041687
Berlin Station LLC is listed as being registered in Delaware in 3/11
ok here we go.....
"Under the reorganization announced by Laidlaw and Berlin Station, NewCo Energy LLC, a project company managed by Cate Street Capital, would remain the principal owner. A new corporate entity, Berlin Station, will be formed to replace PJPD Holdings LLC and Laidlaw Berlin BioPower, LLC. While Berlin Station retains ownership and responsibility for the project, it will lease the facility to Burgess BioPower."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61504523
so when the article was written who was she referring to?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64116258
the article referenced Berlin Biopower (without the use of the word Laidlaw)...was that an oversight or has the name changed?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64041687
Berlin BioPower issued a press release yesterday clarifying that Laidlaw Energy Group no longer has any equity interest in the 75-megawatt biomass plant proposed for Berlin.
Is that a new company and if yes where is it registered?
wonder what the status of many of the "laidlaw" entities is
http://investorshub.advfn.com/boards/board.aspx?board_id=5253
yes but under what company? Laidlaw Energy LLEG or as consultants separate from LLEG
if the subject is about information available to the shareholders any changes to public information will be included...for dates I'm sure
I was the Delaware and NH registration...thanks (ergoh too!)....the question is was the shareholders of LLEG's equitiy position sold and if yes what date? And....does the shareholders get revs by Laidlaw involvement per website statement
http://www.laidlawenergy.com/NH_Project
well the question is are they 2 different companies? Laidlaw Berlin Biopower and Berlin Biopower or does a company even exist as Berlin Biopower....I thought MB was still connected with Laidlaw Berlin Biopower? but LLEG was not?
anyone find where Berlin BioPower is registered? I checked MA, NH,NV and couldn't find it
RSJ read this information and the one I'm responding to...
if LLEG was not involved with the Berlin project since 9/10 why was MB giving an update on 5/11?
this is one example of communications to shareholders that needs to be cleared up
how does that square with this:
"Additionally, the Berlin, NH project continues to make progress and as a stakeholder we remain very optimistic with respect to its future. As you may be aware, the long-term power purchase agreement for this project was recently finalized. Due to matters pending before the New Hampshire Site Evaluation Committee we will refrain from making further public comment at this time, though we fully expect all of the details of our sale of this project's equity holdings and our continued obligations pursuant to certain Management Services Agreements to be addressed in our upcoming filing with the U.S. SEC."
http://www.businesswire.com/news/home/20110406005648/en/Laidlaw-Energy-Acquires-Power-Generation-Asset
and it doesn't get more vague than this
http://www.businesswire.com/news/home/20110406005648/en/Laidlaw-Energy-Acquires-Power-Generation-Asset
how much did they pay? did they issue stock? where they getting money?
I'm sure they will want clarification of this as well
http://www.bloomberg.com/news/2011-06-02/laidlaw-to-acquire-14-megawatt-biomass-project-in-california.html
"Laidlaw plans to invest about $20 million to upgrade the Susanville plant over the next 12 months, the company said today in a statement that did not disclose the price."
where they getting this $20mil from?
"Both companies will become equity holders in Laidlaw and will be issued a new class of preferred shares. Laidlaw is negotiating a 20-year to 30-year power-purchase agreement."
let's face it with 2.4bil shares of common and 1mil pref already out there how much more stock weight can this company carry
I agree...this will go on for a long time. Very complicated structure here with all the Laidlaw companies and who knew what when and how that jives with PR put out.
ok thanks....I'll keep looking for it.
yes but they referenced a PR and I can't find it. You are up there...did you see that PR. or do you know the person who wrote the article and maybe they could direct you to the PR?
Brungy can you get a link to the Berlin Biopower PR. I can't find it. (the one stating LLEG has no equity position)
don't know...you'd have to ask Mike his definition of affiliate
generally in PR's it was referred to as an 'affiliate'....
http://www.reuters.com/article/2009/01/05/idUS92179+05-Jan-2009+BW20090105
well you have to know which Laidlaw you are talking about LOL it gets confusing....LLEG is Laidlaw Energy Group. I don't see that mentioned at all in there...yet MB mentioned it on 5/19 in his update I posted earlier.
http://www.environmental-expert.com/news/laidlaw-energy-announces-update-concerning-acquisitions-and-other-matters-239157
ok..I wish we could find that Berlin Biopower PR that said LLEG no longer had an equity position...that would be useful information to mix with the rest of this....(the 5/19 update from MB and that PR)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64041687
"but PLEASE don't insult our intelligence and try to claim Mike had no role and it was all just a big scam."
huh?
They never put out a PR saying they sold the equity position yet that article says Berlin Power put out a PR saying LLEG had no position...info confusing. GO BRUINS!!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64041687
looks like it was out in 2008
http://www.sec.gov/news/press/2008/2008-41.htm