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You'll want to get together with the local sewage processing plant when you start your willow farm. Apparently sewer sludge is the only way to fertilize the willow crop. Here's an article about a successful willow farm in Ireland:
http://www.stackyard.com/news/2005/10/crop/willow.html
Good luck!
It's hard to predict what LLEG would pay in federal and state tax. The corporate tax rate last year was 38%, but who actually paid it? Example: after all their tricks, Goldman Sachs wound up paying 2% in federal taxes last year.
That $1M in taxes is local taxes, right? I think you have to add state and federal taxes.
> So which prediction don't you agree with?
Probably pointless to argue with you, Brungy, but here's the deal. It's not a question of agreeing or disagreeing with your predictions. It's a question of the stupidity of making predictions in the first place. Remember how you kept predicting that LLEG would succeed in Berlin? Remember how you then took it back and began predicting that LLEG would fail in Berlin? Now you're back to LLEG succeeding in Berlin, eh? You've made yourself completely irrelevant. It's so tedious to read your drivel on this message board.
Go LLEG!!!
Brungy, why don't we call a moratorium on your predictions, which have been 100% wrong so far? LLEG may succeed in Berlin, and they may fail, depending on a host of factors. Your flailing about on this message board certainly is not going to affect the outcome.
It will be interested to see whether the demand created by two biomass-fired power stations will stimulate competition among wood suppliers. According to some articles I read a while back, the closing of various mills has hit wood suppliers hard, driving many out of business and leading to the illusion of a supply scarcity. With Laidlaw and/or Clean Power burning wood, one would expect new life to be breathed into the suppliers. If enough suppliers come back on line, they will be competing with one another to sell wood to the power plants, thus driving the cost of wood down.
So, yes, more demand means higher cost. But the other side should be taken into account as well: more suppliers mean lower cost. These two forces will find some sort of equilibrium, and that's what the wood will sell for.
I think that's a crock of crap, Brungy. Businesses are closing, not opening, in this economy. Unemployment is staggering. There's no credit anywhere. Precisely which businesses were lined up waiting to grab a grayfield site and develop it? Laughable.
LOL. I tried to see what time the clock was showing. I was hoping it would show a time that would translate into the date of his next PR. 3:30 would mean March 30th. But I think it looks more like 2:30, and he posted the photo to the blog at 2:28, so if there's a code, that ain't it!
I like this game of MBB's, communicating in code and innuendo, presumably because he has something to say but can't say it. Now what might he be doing at a NH law firm?
Note to Management:
it's = it is
its is the possessive pronoun meaning "belonging to it"
Please correct your letter.
Tapped out?
Skunksyard, do you understand what irony is?
I never asserted that LLEG would be burning turkey dung or using it in any way.
But if revenues derived from turkey dung are now helping to fund LLEG then that's ironic, given some things that bashers said on this board about turkey dung in years past.
Whatever humor value this irony may have had, it is now dead. Let's move on.
Do you want me to provide a link proving to you that HRE has entered into a JV with Laidlaw?
Perhaps I should substantiate my claim that the earth is round. I think I could find that link, too.
> "we can see that turkey dung has become an essential part of Laidlaw's strategy"
> can you provide a link backing this?
Of course, skunksyard:
http://www.homelandrenewableenergy.com/news-hre.html
Help yourself.
That's very odd. Your post reminds me that there actually was a debate here years ago about turkey droppings. And that now HRE is in the picture, we can see that turkey dung has become an essential part of Laidlaw's strategy. It's like a prophesy.
Intriguing idea. Does MBB like to communicate in code? The more mundane explanation would be that New Bedford was a whaling town (you might say "the city that whales built"), so MBB simply posted an image of a painting about whaling. This painting is a popular postcard in New Bedford.
Matt, I think the chances are just as good that this will hurt us as help.
Help: the HRE/EPG (Microgy) JV is a financial success, and HRE throws more cash at LLEG.
Hurt: EPG sucks up HRE resources (cash) that could have gone to LLEG.
For the time being, I'd say this is pretty indifferent news.
Matt, why do you think this good news?
> paper work and stock handling are 2 different subjects and should be treated separately.
I don't follow your meaning.
> For all we know Mike is a con man.
Well, then, he's a good one, because he just conned a 1000-page application into the New Hampshire Site Evaluation Committee.
> I wonder if the 2 MA projects are listed on this page?
> http://www.mass.gov/?
king oil, did you read through the listing?
What's the sum total of all shares sold today, demented? $3000? $3500?
Please, don't talk nonsense.
Brungy, you're an interesting poster. Would you mind recounting the history of your attitude toward LLEG? As I recall, rather vaguely I admit, you were first a vocal opponent of Laidlaw in your capacity of a local, and you posted that you didn't think Laidlaw would succeed in Berlin. But then you changed your mind about Laidlaw's chances for success and at that point bought some shares of LLEG.
Is that right so far?
If I understand correctly, you still don't think that Laidlaw is going to be good for Berlin, but you own LLEG as a hedge, so that if Laidlaw gets its facility going you'll at least benefit financially.
Obviously, you don't have to answer my questions. I'm just curious. Mostly I'm curious about what changed your mind about Laidlaw's chances of succeeding in Berlin.
Thanks.
> As your mayor, I won’t
stand for it and may God
help those that try.
I like the sound of that. Looks like Berlin, NH, has got itself a monarch!
Thanks, Bob.
> O/S has grown by 23 Million or so
When were the 23M shares added? I'd be grateful for more information.
Thanks for the article, Gmenfan. I'd seen if referred to elsewhere and was interested to read it. I can't respond by PM because I don't have a premium subscription. Good luck and see you on the board!
Mike Bartozsek just updated his blog:
http://laidlawenergy.blogspot.com/
He says the application will be fixed and resubmitted within days.
Thanks. That was very helpful.
strange and painful fee
Item 4.d) on today's rejection notice seems to state that Laidlaw must pay, as part of the application fee, 10 cents per gallon for the first 10,000 gallons of waste water and 5 cents per gallon thereafter.
On page 898 of Laidlaw's application, we learnt that the Berlin plant will process 1.4 million gallons of water per day. If you apply the above formula to that volume of water you get
$.10 x 10,000 + $.05 x 1,390,000
= $1000 + $69,500
= $70,500.
Could it really be that the NHDES wants $70,500 from Laidlaw merely to consider the question of its water processing?
I'm thinking about the 50M shares recently printed by the company. If they were sold at an average price of $.0025, then they raised $125,000, which would be sufficient to handle a couple such extravagant fees.
Matt, are you studying to become a civil engineer? How do you understand this fee in 4.d)?
Right, JTrox, but I'm asking something a little different. Let me try again. Assuming that Laidlaw provides the missing signatures, fees, drawings and specs, as indicated on today's rejection notice, which of the following is true?
(A) The review board will have the opportunity to reject the application for new reasons
(B) The application will be deemed complete and thus accepted.
------
Yes, I agree. This small setback doesn't reduce the 'true' value of the company or the stock. It means that it may take until Feb to get a complete permit, but won't stop the permit from going forward. And, like the problems you mention below, it doesn't signify possible rejection of the overall permit in any way - just a delay. IMO
If missing signatures, fees and some drawings and specs is the only reason for the rejection, then doesn't Laidlaw have Berlin in the bag?
To rephrase that, if there were more substantial reasons for the rejection--like problems with fuel supply study or ecological concerns or doubts about who will "own" the Berlin facility--wouldn't they have been in today's notice?
kendanzig, don't bother looking at the bid/ask until the market opens at 9:30. Those aren't the real bid/ask.
Technically speaking, LLEG is coiling up like a cobra and about to spring. I'm looking at the stoch rsi and full stochs, which are saying oversold and reaching bottom. TA is of limited use for penny stocks and at such low volumes. I'd look for a significant increase in volume before I took this seriously, but that can happen very quickly.
I'll just say that I'm tempted to buy at this level and given the chart.
Duffy, my apologies. Apparently it is indeed a case of early onset dementia.
From the link you so kindly provided:
"The projected budget for the construction of the Project is $110 million. LBB has entered into a
Development Agreement with PJPD Holdings, LLC, whereby PJPD has agreed to provide capital to fund
the development of the project until such time as all construction financing is in place. To date PJPD has contributed approximately $10 million of capital."
I think Sage is right, however, and that the dilution we see taking place is not in order to pay back PJPD. LLEG has some real expenses to take care of. It recently paid real estate taxes on the property in Berlin, for instance, to the tune of $85,000. The filing of the application cost the company how much? I think typically it can cost between $150K and $250K. All of these studies and expert opinions about viability, availability of biomass, ecological soundness and sensitivity--it all comes with expenses.
That said, it never makes me happy to see the share count go up. The earnings per share on $10M earnings at 3B shares would be $0.0033. At a multiple of 20 that would give us a pps of $0.058. The earnings per share on 6B shares would be $0.00016. At a multiple of 20 that would give us a pps of $0.033. It's a big difference, although they both look pretty good to me from here.
> There is a $10 million loan for pre-construction activities. Which needs to be repaid. Which is dilution.
Where's your link? I've can't remember ever having seen anything about a $10M loan for pre-construction activities.
> There is supposed to be funding for the Berlin Project $10 million, which is also dilution, anyway you cut it.
theduffer, what a bunch of hogwash. Post your link, why don't you? Prove that LLEG is going to contribute $10M to the Berlin project. You can't, because it's untrue. The application for the permit is clear on that point. Berlin's contribution to the $110M for construction is zero. $80M is loan. $30M is being provided by LLEG's finance partner.
Egrohs, thanks for posting that essential information. Happy New Year to you.
> To find out it was 37.5% wasshocking to say the leats
Borntwice, I must say that I was anything but shocked to learn that LLEG was entitled to 37.5% of the profits in Berlin. Given that somebody else is putting up the whole $30M equity portion of the financing package, I think 37.5% is just about right. If you were risking all of the cash in a deal like this, what would you want as a return on your investment? I think I'd want 75%.