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I met this guy a year ago... trust me when I say he is not the kind of person capable of a project such as this.
I am against cutting spending for research and development. Innovation follows money. Cut the money, lose innovation. We need to continue advancing technology.
I say we do a Manhatten-style project with our Energy crisis. Gather the best and brightest minds together in one of the bases closed by BRAC in 2005. Pay them to focus only on finding a sustainable solution that will meet our energy needs for the future. We went from 0 to atom-bomb in 4 years.
Almost 428.
What do you think about Govt Agencies cutting contracts by 15%?
Obama cannot guarantee that Social Security checks will be issued out on August 3:
http://www.cbsnews.com/8301-503544_162-20078789-503544.html
I agree with this. This is certainly a tough time to remain optimistic, but this company will prevail.
Give it 429 days.
We belong at .022 give it time.
C, I'm not near the plant right now but I'll ask around.
The article was written to grab attention with its headline so that users sign-up and pay for the full article.
When did C split?
Headline to sell a subscription. Well put!
Did you read my previous post or no?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65050804
The press release was not released by LLEG, it was released by:
Researched by Industrial Info Resources (Sugar Land, Texas)
The purpose of this Press Release is to encourage you to subscribe to their services, which they claim are free. However, it is clearly seen that they charge Pay-Per-Article - $5.95. Anyone with half a brain would know that what is enclosed in that press release is information that they gathered from various NH news sources which have reported on the Laidlaw Berlin story over the past week.
This is not new news. This is Industrial Info Resources trying to encourage you to sign up for their website services. Use your head.
Anyone following this LLEG board has more information about the situation in Berlin than IIR does.
Matthew
1) When did I say that LLEG moving to the grey sheets wouldn't hurt the PPS? I posted before the suspension was lifted that it was going to be a bumpy ride.
2) I believe LLEG will receive a cash payment. I do not know the value but I do believe it will be less than $60 Million.
3) Define short term. I think we will be on the greys for several months at which time we will be trading at the OTCBB level. No need to get back on the pinks.
definitely... not... the... broad... you... try...
Semantics.
Korean-Owned Power Co. Undercuts Biomass Plant in New Hampshire, Costs the State 1,200 Jobs
http://www.newbiomassnh.org/korean-owned-power-co.-undercuts-biomass-plant-in-new-hampshire-costs-the-state-1200-jobs
We're hearing a lot of conflicting reports.
I can ask around and let you know what I hear, C.
I, for one, will miss reading your posts pm. Good luck with everything!
Looks like you got some!
4 IPPs want a short term power purchase agreement with PSNH. They even reported themselves that they are just "hanging on". IMO, these IPPs can pressure the one holding out into submission.
There is still 9 days to "start construction", which means they just need to resolve the issue with the IPPs and the Supreme Court. If they can do this, then construction can begin just by planting a shovel in the ground, can it not?
Many people were shocked that LLEG was grouped amongst those suspended. I believe this company has a real chance at making it out of this alive and well.
Halle says there was 1 IPP which was holding out (which is also what I heard) but the IPPs said they were close to an agreement.
Something doesn't add up.
Something is underway. Cate Street has something planned here, IMO.
I doubt a message, purposefully written or not, will get to him by this medium. Try emailing him.
So these 4 IPPs which are selling into the market are vying to get a PPA with PSNH? Is this what I understand?
Of course the bottom line is how does this effect LLEG?
From what we have heard, LLEG sold their equity portion for an initial payment and a subsequent payment after financing has closed. If financing does not close, then I suppose this does not bode well for LLEG.
However, this project is at an extremely advanced state of development. Years have been spent on design and regulatory permitting. The final hurdle is now in view (IPPs' appeal) and I will be surprised if this project is, in fact, 'dead in the water'. Too much time, energy, and $$ invested to call it quits now.
Who is buying their power?
If a federal deadline came to pass (which is certainly in the realm of possibility) then they could possibly file for an extension. If no extension is available, that would most probably impede financing.
Good luck egrohs!
IPPs without a PPA = No IPPs.
- Paper or not, I'm still up on a gamble. The money that I have invested in LLEG is money that I haven't seen for 3 years. If it were to vanish tomorrow, it wouldn't negatively affect me. I have no reason not to continue to hold and potentially accumulate since I believe this company will succeed when everything is all said and done. The management team is determined, experienced, and willing to do whatever it takes to make this company succeed.
- I think LLEG will uplist once they are able to get an MM to sponsor them by filing the requisite forms. I don't know how long that will be, but I think once they are eligible to do so, they will uplist.
- LLEG is currently operating the New Bedford plant (took control from Veolia NA) and as we have last heard were entitled to revenue from that plant. I'm not sure how much but I'm willing to wait around until all the perceived negativity blows over and LLEG can continue progressing.
- It's not a theory, its a hypothesis. A hypothesis need to undergo thorough and constant observations and testing before it can be called a theory. I don't know what is happening with Berlin, but I do know that there are some important people who are determined to make this happen. This is above any common shareholder and, like everything else, I am willing to give it time to settle.
I honestly have no level of concern. Unreal as that may sound. If LLEG stays at the current price, I'm still up 500%. If LLEG rebounds from this and increases, my holdings increase. If LLEG drops back to the trips, I'm going to try and buy to triple my holdings.
Until then, we wait and continue on with life.
Perhaps proponents of the Laidlaw Biomass project need to get more involved with speaking to executives and legislative officials in the NH Government to increase pressure on the IPPs. They are backed into a corner right now and their only defense is a Supreme Court appeal (which most everyone knows that they will not succeed and are only shooting themselves in the foot by filing).
This project has too much time and energy invested, IMO, for anyone to halt development at this stage. The IPPs have an agenda: stay alive. The State of NH wants this project to happen, Coos County wants this project to happen, Public Service of New Hampshire wants this project to happen. If the IPPs are going to stay in business in NH much longer, they will cave to the pressure.
Matthew
I'd say it is dependent on how long the SEC investigation is. Word from IR is that LLEG is working diligently to address the SEC's concerns. We can only hope that the SEC does a thorough, yet expeditious investigation.