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Anybody who bought this stock at a PPS of $0.0003 is a genius in my opinion.
Good post. What Matt suggested was just plain silly.
You are comparing apples to oranges. McNeil and the NewCo plant are totally different.
1.) McNeil is not located in downtown Burlington. NewCo plant is located in downtown Berlin.
2.) McNeil is NOT a fluidized bed boiler. NewCo plant will be.
Either way it doesn't matter. The NewCo plant will be constructed. Construction is likely to start in December (from what I've heard aroun town).
You make a good point, but I don't see any need for a sale to NewCo unless the goal is to remove Laidlaw (LLEG.pk) from the picture. My interpretation of the sworn testimony from Bartoszek is that LLEG.pk will not have any ownership interest in the Berlin plant after the equitey sale to NewCo.
Awesome. What does that have to do with Laidlaw's equity interest sale to NewCo?
Sworn testimony from Bartoszek indicates that NewCo will not be a publicly owned company with stocks that are traded. The reality is that the only revenue Laidlaw will receive from the Berlin plant is through the sale of the equity interest. I don't know why that is so hard for people on this board to understand. The stockholders of LLEG.pk won't have any ownership in the Berlin plant after the sale to NewCo.
Glad to help. My posts always drive up the PPS. If we break $0.0070 will you also agree to buy me dinner at the Swillyard?
All of the players in LBB remain the same (I agree). However, they will be employed by NewCo and that means that LLEG (i.e. shareholders of LLEG.pk) are no longer part of the picture at the Berlin plant. I'm glad I could clarify for you.
As long as Bartoszek didn't lie during his sworn testimony then I will be right on this one.
You going to have to do your own DD on this one my friend. How does that saying go? You can lead a horse to water but you...........
Don't take my word for it, Bartoszek is the one who said it.
Read the testimony. You are an engineer so I know you can both read and comprehend.
Bartoszek's sworn testimony indicates that once the equity interest in the Berlin plant is sold to NewCo then LLEG is no longer part of the project.
I'm just sayin.
Are you disputing Bartoszek's own sworn testimony during the EFSEC hearings? And, if so, why? Laidlaw is going to finally generate revenue through the equity sale. Isn't that a good thing for shareholders?
Revenue for LLEG will likely be generated this year when Laidlaw sells their equity interest in the Berlin plant (as planned). After that, any revenue generated by the Berlin plant through electrical generation is going to be kept by NewCo (as far as I understand the deal).
Applicant = Laidlaw Berlin Biopower = NewCo. Get it?
I believe you are missing an important point. The "Applicant" is Laidlaw Berlin Biopower and that company is being 100% purchased by NewCo. The lease arragement may not have changed, but Laidlaw (ticker symbol LLEG) is no longer part of the picture. Get it?
I guess we'll have to agree to disagree. After the sale I don't believe LLEG is part of the picture.
What is up my brother from another mother? Good talking to you man. I feel the love.
It is my understanding that LLEG will not be involved in the project after the sale to NewCo. In other words, Laidlaw will not be leasing the plant from PJPD. Hence the reason for the equity sale (it gets Laidlaw out of the picture). The good thing is the immediate source of revenue to Laidlaw from the sale. Some here (not me) have estimated it could be as high as $50 Million. That would be huge (if it is true) and a sale of that magnitude is sure to drive the PPS to a very high number.
Laidlaw will not be leasing the plant to NewCo. Let me say this again, Laidlaw Berlin Biopower is being purchased by NewCO. NewCo will own 100% of LBB and will be operating and managing the plant. NewCo is not leasing the plant from Laidlaw. You are simply not correct as far as I know (based upon sworn testimony by Bartoszek).
That is old news pal. That was long before Laidlaw struck a deal with NewCo. Check out the EFSEC testimony from Bartoszek on this issue. Laidlaw won't own any part of the Berlin plant after the sale to NewCo. Sorry man, but thems the facts.
I disagree. They are not planning to lease to NewCo. According to Bartoszek, NewCo is purchasing 100% of Laidlaw Berlin Biopower. Laidlaw Berlin Biopower will operate the plant but I don't believe Laidlaw Engergy Group (LLEG) will own any part of the facility or any future revenue.
I'm here to help baby. Glad to give the PPS a boost.
I think you are forgetting something very important. Laidlaw is planning to sell their equity interest in the Berlin plant to NewCo. While this sale will provide immediate revenue for Laidlaw, I don't believe Laidlaw will be entitled to any future revenue that is generated by the Berlin plant (from power production). Why do Laidlaw longs always seem to forget that important point? That being said, none of us have seen the details of the deal between Laidlaw & NewCo so my understanding of the deal may not be entirely accurate. As some here like to say, please do your own DD.
If you honestly believe that opening up a biomass plant will drive up the property values of the homes in the adjacent residential neighborhoods then I give up. You are wrong, period. It doesn't take a rocket scientist (or an engineer) to know that heavy industry does not drive up property values in the adjacent neighborhoods where it is located. Again I ask, do you desire to live next to heavy industry? If your answer is no then you understand why property values will depreciate when the Laidlaw plant begins operation.
Ask JE to confirm. He's a realtor. The fact of the matter remains, residentail property values actually increased (eventually, not immediately) after the closure of the pulp mill. By the way, would you be interesting in paying premium dollars for a home located 100 yards from a biomass plant? No, you probably wouldn't, since you grew up in Gorham and didn't have to live with the stench and noise from the pulp mill. Be real Matt, I know you aren't stupid.
It is not an operating plant. In fact, property values actually went up in Berlin after the closure of the pulp mill. Once this biomass plant fires up the property values will drop again. That is just common sense my friend.
Comparing luxury apartments to a biomass plant is silly. A biomass plant being built in a residential neighborhood will not drive up property values. Let's be real here.
According to sworn testimony by Bartoszek at the EFSEC hearings Laidlaw will not have any ownership in NewCo. I may be a simple minded man from Northern, NH but that says to me that Laidlaw stockholders won't have any stake in the Berlin plant. So, we'll have to agree to disagree on this one.
Thanks for enlightening me, I think.
By the way, if they've sold their equity interest in the project what other interest will Laidlaw have in it after the sale? Other than the fact that Bartoszek remains as the CEO (of the newly formed company) do you expect Laidlaw to somehow still reap revenue from the project beyond the equity sale? Why don't you enlighten me since I need to get a life.
Except that he misquoted Bartoszek. I assume this is a simple oversight but it seems odd nonetheless.
You just misquoted Bartoszek and I wonder what your motive in doing so would be. Here is the link to the newspaper article with Mike's quote;
ftp://www.laconiadailysun.com/Berlinpdf/2010/8/20B.pdf
He does not say the "EPC Contractor and Laidlaw" as you posted. He says, "The EPC Contractor and those charged with overseeing construction". Laidlaw is not mentioned. As you know, Laidlaw sold or is planning to sell their position in the Berlin project. While Bartoszek may be staying on as CEO of NewCo, I don't believe Laidlaw (the company) will be involved in the project after the sale is complete and after the permit is approved and construction financing is arranged (unless I've misunderstood his quote).
Again, I wonder why you altered the quote.
Good point, I don't know the financials. My statement was based upoon the fact that Laidlaw already stiffed one legal team. Hey, with the sale of Laidlaw's share of the Berlin plant Barty probably could afford to sue Jon. As people have suggested here, Laidlaw may have received upwards of $50 Million for their share of the plant. Congrats to shareholders on a very lucrative sale.
Legal troubles. That is funny. What is Barty going to do, sue him? Barty doesn't have any money to hire lawyers anyhow.
That would be a pretty foolish thing to do, don't you think. You'd probably be terminated immediately.
How foolish would you have to be to buy LLEG shares knowing that the only project with real potential (Berlin) is being sold to another company (NewCo). No thanks, but I do appreciate the friendly advice.
Why would you care if you don't own any shares. By the way, I highly doubt that LLEG has any stake in NewCo. The only reason to create NewCo was to get LLEG out of the picture (IMHO).
You are correct CTTC but don't expect any investors on this board to admit you are right. They have too much invested to believe that Barty sold them out. People on this board are estimating that LLEG was paid up to $50 Million for their equity interest. I'd be willing to bet it was only a small fraction of that amount, particularly when you consider that PJPD put up all the funding.