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Mr. Vigue also wanted to discuss the biomass plant project. He gave the Mayor a petition with over 400 signatures favoring a biomass plant at the former mill site. Mr. Vigue does not like some of the statements made by our elected officials. He told Council not to be so sure that their opposition of the biomass issue is the only reason they were elected last fall. Mr. Vigue suggests that the Mayor and Council open their minds and take a new approach to this whole thing. If Council could look beyond its prejudice to find visions they have in common with Laidlaw rather than dwell on the negatives, they would have the opportunity to harvest many rewards.
http://www.berlinnh.gov/Pages/BerlinNH_CouncilMinutes/I022CF9C4
Upcoming dates:
January 13 (Tuesday)- Ellicottville court date
January 21 (next Wednesday) - Henniker meeting
http://www.concordmonitor.com/apps/pbcs.dll/article?AID=/20081016/NEWS01/810160394/1043/NEWS01
Check it out, guys.
Friday, January 9, 2009
New Project...
We have started working on a great new project. I'll finish this post and provide more details asap.
Posted by Michael Bartoszek at 12:12 AM 0 comments
Laidlaws websites: blog site: http://laidlawenergy.blogspot.com/
V has been here the longest
and is the reason i've been here for a year and a half!
.005 is absolutely doable.
it should settle between there and a penny,
but doesn't matter, i'm in this one LONGterm.
the writing is on the wall.
we're in the top 10 of most active boards...
for good reason!
Congrats Longs.
EXACTLY! Congratulations Mike.
IMO, the Berlin deal is more than just a transaction of real estate, it gives a credibility to the company and reminds shareholders that this is not simply a momentum stock that rises simply on news, but rather a company that has true direction and has now proven that they are on track to make these projects come to fruition.
Mike is due.
I think tomorrow will bring good news.
LLEG -- green again off light volume.... rumor is the $100M deal in NH is closing and should be done soon...
all it will take on this stock is one deal announced 100% done, and this will fly again
GL
LLEG -- green again off light volume.... rumor is the $100M deal in NH is closing and should be done soon...
all it will take on this stock is one deal announced 100% done, and this will fly again
GL
hey, is that a reference to me?
2009 is the year!
glta
Thanks for the clarification, spence.
But actually, on the Dec. 15th you said the rumor was that "Laidlaw is closing next week." which didn't happen.
Now the new rumor is that it did happen on Dec. 31.
Personally, I'm looking forward to Monday which is the day I feel the news will actually be released.
January 5, 2009.
Happy New Year to my Laidlaw family.
didn't you say that last week?
what happened to "definitely?"
oh, no BS with Laidlaw. didn't you hear, we're gonna get news "soon."
lol
I'm suspicious of this story. Why no photos?
Happy Holidays!
Hate to do this, but let's review 2008 regarding the "imminent" closing of the elusive Berlin deal:
REMINDER: *I'm a steadfast Laidlaw supporter and have not sold a single share in over a year and a half, but the last 12 months have been more than frustrating to say the least. It seems the last MB communication has left the Berlin closing open-ended, in a state of perpetual delay, "no deadline" yet cheerfully optimistic.* Mike, no more dates please. No more false impending news.
note: all words from official PRs and laidlaw blog
December 4, 2007 – Expect to close on the acquisition of the Berlin property within the "next few weeks"
December 10, 2007 – "finalizing the transaction" . On track to close on the Berlin property around the end of the year
January 11, 2008 – Planning board action on subdivision paves the way for imminent execution of the purchase agreement
January 24, 2008- "good progress on the closing"
February 19, 2008 – Currently in the process of "finalizing" arrangements to close on the property
April 1, 2008 (April Fools- no joke!) – in the process of "finalizing the asset purchase agreement"
May 12, 2008 - "Definitive Agreement"
June 6, 2008 - We hope to conclude this deal "very soon."
July 9, 2008 - "this is typical as you get close to a closing"
August 7, 2008 - 30-day extension (closing by Sept. 9th ???)
September 9, 2008 - "there is no "deadline"
September 24, 2008 - "tentatively October 22, 2008"
October 27, 2008 - "going as fast as we can- so please be patient" . Reminder that October 22 was "tentative"
December 2, 2008 - ???????
(Losing) Patience.
Maybe tommorow?....
Shaheen:
Why Oct. 30?
LLEG is on alert for a closing on the 22nd for the Berlin N.H. plant. It should see some momo and retest the teens. .0012 is possible this week. Good luck and below is the original pr.
Laidlaw Energy Tenders Additional Funds for Berlin Pulp Mill Acquisition
Date : 09/24/2008 @ 2:10PM
Source : Business Wire
Stock : Laidlaw Energy Group, Inc. (LLEG)
Quote : 0.0007 0.0 (0.00%) @ 12:58PM
Laidlaw Energy Tenders Additional Funds for Berlin Pulp Mill Acquisition
Laidlaw Energy Group, Inc. (Ticker Symbol “LLEG”), through its affiliate, Laidlaw Berlin BioPower, LLC (“Laidlaw”), announced today that as stipulated in the Asset Purchase Agreement between Laidlaw and North American Dismantling Corp. (“NADC”), Laidlaw has provided an additional cash deposit to NADC toward the purchase of the former Fraser Papers pulp mill located in Berlin, NH. The payment of the funds comes after the completion of certain closing conditions set forth in the Agreement and clears the way for the closing of the acquisition, tentatively set for October 22, 2008.
Concurrent with the tendering of significant additional funds toward the purchase of the Berlin facility, the parties also signed an amendment to the Agreement extending the closing date. Due to the complexity of the transaction and related financing, the extension provides for additional time in the event the transaction does not close on the date anticipated, though the parties intend to use their best efforts to close on a timely basis. The Company’s plans for the financing of the Berlin Biomass Energy Project remain intact and unchanged and have not been impacted by recent market events.
About the Berlin, NH Biomass-Energy Project: The Berlin project involves the conversion of the former Fraser Paper pulp mill site into a highly advanced biomass-to-energy project that is expected to export approximately 60 megawatts of renewable energy to the New England power grid and utilize over 700,000 tons of clean wood biomass chips per annum. The project involves a capital investment of approximately $100 million and is expected to employ 40 directly and create over 500 indirect jobs. Once completed, the plant is expected to be the largest and among the most environmentally advanced biomass-energy plants in North America.
About Laidlaw Energy Group Laidlaw Energy is engaged in the development of independent power plants that generate electricity from renewable resources, with a particular emphasis on biomass power. Laidlaw Energy's mission is to build and manage a profitable portfolio of biomass facilities through the development of new facilities and acquisition of existing facilities, and in so doing become the leading supplier of biomass power in the United States. Laidlaw Energy is headquartered in New York, New York. For more information, please visit our website at www.LaidlawEnergy.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and Laidlaw cannot provide assurance that such statements will prove to be correct. Laidlaw undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
"At times one remains faithful to a cause only because its opponents do not cease to be insipid."
-Friedrich Nietzsche
Does LLEG qualify as a small or "start up firm?"
From eventual President Obama's webpage:
"Eliminating Capital Gains Taxes for Entrepreneurs and Investors in Small Business. Barack Obama understands that small businesses are the engines of our economy, and he will eliminate all capital gains taxes on investments in small and start up firms."
http://www.barackobama.com/pdf/taxes/Factsheet_Tax_Plan_FINAL.pdf
(page 3)
Whatever your politics, this sounds like a good idea, even if it is simply a campaign promise.
LLEG is on alert for a closing on the 22nd for the Berlin N.H. plant. It should see some momo and retest the teens. .0012 is possible this week. Good luck and below is the original pr.
Laidlaw Energy Tenders Additional Funds for Berlin Pulp Mill Acquisition
Date : 09/24/2008 @ 2:10PM
Source : Business Wire
Stock : Laidlaw Energy Group, Inc. (LLEG)
Quote : 0.0007 0.0 (0.00%) @ 12:58PM
Laidlaw Energy Tenders Additional Funds for Berlin Pulp Mill Acquisition
Laidlaw Energy Group, Inc. (Ticker Symbol “LLEG”), through its affiliate, Laidlaw Berlin BioPower, LLC (“Laidlaw”), announced today that as stipulated in the Asset Purchase Agreement between Laidlaw and North American Dismantling Corp. (“NADC”), Laidlaw has provided an additional cash deposit to NADC toward the purchase of the former Fraser Papers pulp mill located in Berlin, NH. The payment of the funds comes after the completion of certain closing conditions set forth in the Agreement and clears the way for the closing of the acquisition, tentatively set for October 22, 2008.
Concurrent with the tendering of significant additional funds toward the purchase of the Berlin facility, the parties also signed an amendment to the Agreement extending the closing date. Due to the complexity of the transaction and related financing, the extension provides for additional time in the event the transaction does not close on the date anticipated, though the parties intend to use their best efforts to close on a timely basis. The Company’s plans for the financing of the Berlin Biomass Energy Project remain intact and unchanged and have not been impacted by recent market events.
About the Berlin, NH Biomass-Energy Project: The Berlin project involves the conversion of the former Fraser Paper pulp mill site into a highly advanced biomass-to-energy project that is expected to export approximately 60 megawatts of renewable energy to the New England power grid and utilize over 700,000 tons of clean wood biomass chips per annum. The project involves a capital investment of approximately $100 million and is expected to employ 40 directly and create over 500 indirect jobs. Once completed, the plant is expected to be the largest and among the most environmentally advanced biomass-energy plants in North America.
About Laidlaw Energy Group Laidlaw Energy is engaged in the development of independent power plants that generate electricity from renewable resources, with a particular emphasis on biomass power. Laidlaw Energy's mission is to build and manage a profitable portfolio of biomass facilities through the development of new facilities and acquisition of existing facilities, and in so doing become the leading supplier of biomass power in the United States. Laidlaw Energy is headquartered in New York, New York. For more information, please visit our website at www.LaidlawEnergy.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and Laidlaw cannot provide assurance that such statements will prove to be correct. Laidlaw undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
LLEG is on alert for a closing on the 22nd for the Berlin N.H. plant. It should see some momo and retest the teens. .0012 is possible this week. Good luck and below is the original pr.
Laidlaw Energy Tenders Additional Funds for Berlin Pulp Mill Acquisition
Date : 09/24/2008 @ 2:10PM
Source : Business Wire
Stock : Laidlaw Energy Group, Inc. (LLEG)
Quote : 0.0007 0.0 (0.00%) @ 12:58PM
Laidlaw Energy Tenders Additional Funds for Berlin Pulp Mill Acquisition
Laidlaw Energy Group, Inc. (Ticker Symbol “LLEG”), through its affiliate, Laidlaw Berlin BioPower, LLC (“Laidlaw”), announced today that as stipulated in the Asset Purchase Agreement between Laidlaw and North American Dismantling Corp. (“NADC”), Laidlaw has provided an additional cash deposit to NADC toward the purchase of the former Fraser Papers pulp mill located in Berlin, NH. The payment of the funds comes after the completion of certain closing conditions set forth in the Agreement and clears the way for the closing of the acquisition, tentatively set for October 22, 2008.
Concurrent with the tendering of significant additional funds toward the purchase of the Berlin facility, the parties also signed an amendment to the Agreement extending the closing date. Due to the complexity of the transaction and related financing, the extension provides for additional time in the event the transaction does not close on the date anticipated, though the parties intend to use their best efforts to close on a timely basis. The Company’s plans for the financing of the Berlin Biomass Energy Project remain intact and unchanged and have not been impacted by recent market events.
About the Berlin, NH Biomass-Energy Project: The Berlin project involves the conversion of the former Fraser Paper pulp mill site into a highly advanced biomass-to-energy project that is expected to export approximately 60 megawatts of renewable energy to the New England power grid and utilize over 700,000 tons of clean wood biomass chips per annum. The project involves a capital investment of approximately $100 million and is expected to employ 40 directly and create over 500 indirect jobs. Once completed, the plant is expected to be the largest and among the most environmentally advanced biomass-energy plants in North America.
About Laidlaw Energy Group Laidlaw Energy is engaged in the development of independent power plants that generate electricity from renewable resources, with a particular emphasis on biomass power. Laidlaw Energy's mission is to build and manage a profitable portfolio of biomass facilities through the development of new facilities and acquisition of existing facilities, and in so doing become the leading supplier of biomass power in the United States. Laidlaw Energy is headquartered in New York, New York. For more information, please visit our website at www.LaidlawEnergy.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and Laidlaw cannot provide assurance that such statements will prove to be correct. Laidlaw undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
GRAB AS MANY SHARES AS YOU CAN THIS WEEK
Looking forward to Wednesday.
Thanks for the valable posts, sage.
Hopefully, we're just 10 days away.
I agree that, to borrow a phrase from Crazy Eddie,
these prices are INSANE!!!
New investors, check out CEO mike's blog:
http://laidlawenergy.blogspot.com/
today's news has already been posted.
seem poised for 100,000,000 volume.
Agreement with PSNH is great news.
October will be huge.
Patience.
Anyone know when the next Henniker meeting is?
Was August 20th the most recent?
its time for LLEG to pop. this one is due.
check out the recent PRs or the the CEO's blog:
http://laidlawenergy.blogspot.com/
we should hear something either this week or next.
Are the people burning down their houses the visionaries?
Maybe the people cheering for a state penitentiary are visionaries?
I think even YOU dismissed Katie's brilliant idea for a hotel and marina.
So... yeah, links to the "visions" would be tremendously helpful in understanding what the h*ll you're talking about!
No, you're totally wrong on the date.
Original close date was 8-10 not 8-12. Do the math from the May 12th PR.
30 days added to that = Tommorow.
However, I do think everything is still "going fine" and we should close "soon."
Who picked up 5 million shares after the close?
Next week should be interesting.
Anyone know when the next Henniker meeting is?
****PATIENCE****
I trust Mike, the CEO of Laidlaw. He has until next Tuesday, September 9th to pull this one out, which I believe he will. If you're investor, I suggest chatting with him.
Here are the numbers:
Days since court hearing regarding Ellicottville project (ruling expected from Judge Sedita within "60 days"): 182 days!!! At this point, the judge's ruling is 122 days overdue.
Days since filing $10 million federal lawsuit against town of Ellicottville, NY: 264 days
Days since April 12 PR ann. closing withing 90 days: 113 days
Days since Aug 7 PR ann. closing within 30 days: 23 days
Patience indeed....