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I think FLTT will be gold well into next week
Good pick
Has anyone had a problem buying this with Ameritrade? Every time I try to place an order it says opening transactions for this security must be placed with a broker. Whats up?
Glad to see we are holding today
WOW we just went to .0026 to be in the green!!!!!
What is happeining here? Volume has died.
Matt, this is from Sept 24th
Looks like Laidlaw won a judgment and they are appealing the decision
I really cannot beleive that we are going down again todat WTF??
Sorry Quick, wont happen again
BollocksbeeBob, what is your take on LLEG
My pick is LLEG, big news already released and more to come this month.
Mike, thanks for stopping by the board. I know that you are very busy these days but it does help being able to communicate on occasion and it is very appreciated. Thanks again.
Yes you can. Believe me I share your pain.
Don't know, but something must be going on. I think this is a reputable company and maybe just trying to get shares off the market for a higher trading value in the coming months. At least it won't be one of the pinks with a 30 billion float.
The new stock symbol is starting with a value of .30
Just called Ameritrade, the new ticker symbol went into effect today and is 1 share for every 3,000. The swing date will go into effect next week that is why there is no trading on the new ticker
Long term holder of ecpl and have not been on the board in a while, can someone in a nutshell tell me what happened. Why the ticker change?
Cool, very good post and could not agree more. I come to this board every now and then for information, not for the bashing. If you do not like your position in this company get out. If you are not in STAY OFF THE BOARD and leave the rest of us long term investors alone!!!
Amen, well said
Looks like we are holding strong on .0035
Did not see anything. Here is the link to todays paper
http://www.laconiadailysun.com/BerlinPDF/2010/9/30B.pdf
WOW, with all of the possitive news pending I really cannot believe what is happening here. WTF
Guys from what I can tell here all of us longs have a substancial investment in this company (lots of shares). I know that the MM can still control a lot, but If we hold strong we can maybe shake this thing loose to where it needs to be. This is a strong reputable company with so much potential. Don't sell and take small profits. Hold strong today and lets see what shakes out.
Do we know yet what happened with the hearing?
Did the meeting go as scheduled? Does anyone know the outcome if it did?
Trading at .0037 now, Whats up?
Where do you get this information. Why do you constantly post things without providing a link for proof
Someone must know someting. This stock has been virtually dead. MM making a run maybe?
What is up with the jump, I dont see any news?
Laugh, I agree with you, on post 74528 I it says that Laidlaw will purchase the additional 50% of the land and the rest of the assets. Does anyone know what they are?
On Ameritrade it shows the bids of .0032 and the ask from .0033 to .0035
Don't know if this is old news, but found this article that talks about the ownership of the plant.
Laidlaw Berlin, LLC, an affiliate of Laidlaw Energy group, Inc., has agreed to acquire the former Fraser Paper Mill located in Berlin, NH (“the “Facility”), with the objective of converting and upgrading the existing facility infrastructure in order to construct an approximately 65 megawatt biomass-energy power plant.
The Facility is currently owned by North American Dismantling Corporation (“NAD”), which purchased the Facility from the Fraser Paper Company in May 2006. NAD has demolished all of the buildings and assets not associated with the biomass conversion and sold any scrap steel. NAD and Laidlaw are in the process of finalizing a transaction whereby Laidlaw will purchase the remaining assets and approximately 50% of the land. The Northern region of New Hampshire where the facility is situated has experienced significant economic hardship over the last few years, due to the closure of several pulp and paper mills resulting in the loss of approximately 1,000 jobs.
The Berlin biomass-energy project (the “Berlin Project”) will be one of the largest and most environmentally sound biomass-energy facilities in the United States. The Berlin Project is expected to utilize in excess of 700,000 tons of clean whole tree wood chips per year in order to generate approximately 65 megawatts of electricity, thus generating substantial local economic activity for loggers, truckers and other local businesses.
The fuel source for the Berlin Project will be whole tree wood chips and other low-grade wood, often referred to as “biomass materials”, which are the byproducts of the local forest products industry and land management practices. Generally, whole tree chips are produced from trees unsuitable for use in lumber or paper mills, or from the tops and branches of trees harvested for lumber. Other clean wood products, such as wood residue from sawmills, is also suitable for fuel. Biomass fuel will be trucked to the facility in 20 ton live bottom trailers. The Facility also has rail access which may offer opportunities for cheap fuel from other regions (e.g., storm debris from the Southern U.S.). As discussed above, the substantial number of pulp and paper mill closures in the region has resulted in the loss of substantial jobs and a substantial reduction of biomass consumption, thus having a significant adverse effect on the regional economy. The Berlin Project will help to reverse this trend by investing over $20 million dollars per annum into the regional economy for biomass fuel purchases.
Among the key assets to be acquired by Laidlaw is the facility’s Babcock & Wilcox boiler, which was installed in 1993 at a cost of nearly $100 million. The B&W boiler, with a steam capacity of about 600,000 lbs per hour after biomass conversion, will be converted for Laidlaw by B&W pursuant to a fixed price contact with standard and customary completion and performance guarantees. B&W intends to install a “bubbling fluidized bed” in the boiler, which represents the current state-of-the-art in low admission, advanced biomass combustion. B&W has completed a feasibility study confirming this approach. B&W is also expected to provide and guarantee the back-end emissions controls for the boiler to ensure compliance with New Hampshire Renewable Portfolio Standards, thus ensuring the Berlin Project’s ability to sell its renewable attributes, known as “RECs”.
In 2007, New Hampshire signed into law a state Renewable Portfolio Standard (“RPS”), which requires that utilities obtain 25% of their energy supply from renewable resources by 2025, with an annually increasing minimum requirements starting in 2008 until the 25% requirement is met in 2025. Utilities meet their legislative mandate by purchasing RECs from renewable generators or by paying into the state-established Renewable Energy Fund at a default rate per megawatt hour known as the “Alternative Compliance Payment”. Laidlaw is currently at an advanced stage of negotiations with a local utility concerning a 15 – 20 year power purchase agreement for 100% of the Berlin project’s power output, RECs and capacity.
Commencement of the construction of the project requires approval from the New Hampshire Site Evaluation Committee. Pursuant to recently passed legislation in New Hampshire (see NH Senate Bill 140), a final decision must be rendered on permit applications for renewable energy facilities with a capacity greater than 5 mW within 270 days. Laidlaw Berlin is currently in the process of assembling the requisite information for its application to the NHSEC.
The existing infrastructure at the Facility provides a significant advantage in terms of the work involved in the construction of the the Berlin project as compared with a “Greenfield” project - a new power plant built from scratch . The key elements of the upgrades required to be made to the Facility are (i) the installation of the bubbling fluidized bed in the existing B&W boiler, (ii) the installation of the back-end emissions equipment for RPS compliance, (iii) the construction of a turbine building and installation of the steam turbine generator, and (iv) the construction of the fuel yard and installation of wood handling equipment (some of which already exists at the facility). The key elements of the project can all be accomplished pursuant to fixed price contracts with standard and customary completion guarantees.
The principals of Laidlaw Berlin, LLC have substantial experience in power development and operations, including biomass plant operations, and have prior experience with retooling projects of this nature. The management team is lead by CEO, Michael Bartoszek. Prior to founding Laidlaw Energy, Mr. Bartoszek spent over 10 years in the securities industry with a number of top investment banks. Later in his career on Wall Street, Mr. Bartoszek was engaged in advising energy and independent power companies in connection with acquisitions and financing. He was also a key player in connection with a number of project financings and restructurings for major capital projects in other industries. In 1999, Mr. Bartoszek founded a successful business engaged in acquiring and operating natural gas fired power assets and related businesses. In 2003, Mr. Bartoszek changed his focus to renewable energy and founded Laidlaw Energy Group, Inc. to focus on the development of biomass energy projects.
The other operating principals of Laidlaw Berlin, LLC are Lou Bravakis and Ray Kusche, both biomass industry veterans, each with more than 20 years experience in the sector. Mr. Bravakis has been involved as an advisor, project and construction manager, for numerous successful biomass energy projects. He founded and operated a successful manufacturer of biomass gasification systems and started his career in this industry by operating a business engaged in wood chipping. Mr. Kusche has substantial industry experience, having developed and operated successful biomass and hydroelectric projects in New England. He currently operates a 16 megawatt biomass project in Maine. Mr. Kusche has direct experience overseeing the types of boiler upgrade to a bubbling fluidized bed and balance of plant upgrades contemplated as part of the Berlin Project.
In addition to Mr. Bartoszek, the other members of the board of directors of Laidlaw Berlin, LLC are Mr. Lester Petracca and Mr. Richard Buhr. Mr. Petracca is a successful real estate developer in New York, having developed major commercial, residential and commercial projects (see www.triangleequities.com). Mr. Buhr is a Managing Director with the investment banking firm Chatsworth Securities of Greenwich, CT (see www.chatsworthgroup.com).
The financing of the Berlin Project will involve an investment of approximately $68 million on the part of Laidlaw, its partners, investors and lenders. The financing is expected to be accomplished in two stages. The first stage will be approximately $7 million and, coupled with Laidlaw's equity investment in the Berlin Project, will be used for asset acquisition and initial development of the project through the receipt of all permits and material contracts and the closing of the construction/permanent financing. The larger $60+ million permanent financing is expected to occur approximately one year after the closing of the initial financing and will be used for the construction of the Berlin Project.
The timeline for Berlin Project from the closing of the first stage financing to the commencement of commercial operations is approximately 24 months. Laidlaw has allocated the first 12 months to obtaining the requisite approvals, permits and material contracts for the project and closing the permanent financing and the remaining 12 months for the construction of the project.
I just don't understand. Never have I bought a stock with so much potential and positive news and have seen it go down like this. Is there something I'm missing?
My Ameritrade account has an ask of .0037, who in the hell would do that
I find myself sitting at my computer with my live streamer going watching the share price going down and down especially after long awaited news and I do not understand why. One Ihubber said it very well. "why are we sitting here complaining, we are in it for the long hall not the short term." Let the shorts and MM get their rocks off for a little while because that is all they do then they go home to nothing because their life has no meaning except to try and make ours miserable. What I am saying guys is that this is a very reputable company with tremendous long term goals not only for us but for the world that we live in. For Gods sake they were patient and filed for the permit back in December and now they have it. Hold your shares and by this time next year you will be millionaires.
I cant believe that people are selling at .0035 and 36. It makes no sense
Derby, post the link not just a cut and paste.