Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If your calculation is correct I regard that as a very good end result for LLEG shareholders. Remember when MBB started all this he was solo- he has brought in Homeland and outside funding and has still retained a good percentage of the final action.
Homeland injected cash and know how via the JV which will enable other projects to be rolled out in the short term.
S.
I believe you have it right Matt:)
LLEG own in total 37.5% of Berlin Biopower.
That is 37.5% of the revenues minus operating outgoings and financing costs.
Sage.
Who owns the other 50% of Laidlaw Berlin Biopower that Laidlaw Biopower does not own? Homeland Laidlaw?
S.
It looks like Laidlaw/Laidlaw Biopower will have 75% Brungy.
S.
Laidlaw + Laidlaw Biopower together have 75%???
Sage.
And to you too Matt. Have a grand time- hopefully we will meet at groundbreaking in 2010.
Philip.
And the same to you Greg. May 2010 be a grand year for you and yours.
Sage.
What might be in the works imminently Casa is the PPA with PSNH. IMO we should not underestimate the significance of that item. Basically signing will guarantee the long term income flow around which the financing and viability of the project stands. It is this income flow that supports the valuation.
From this evening I shall be away until the New Year as regards IHUB.
I would like to wish everyone a very happy festive season and a healthy 2010.
Sage.
Born twice- affiliate does NOT mean a minor stake. It means in (the general sense)a company that has a relationship with another. The stake can be anything at all.
Maybe you are muddling the term up with associate?
S.
If you use definition 2 from the affiliate link then it is on all fours with the defintion for subsidiary I would suggest.
Sage
I think you might have hit the mark again!:)
Sage.
Brungy you did good. No argument. You are on a run. You came off the blocks a bit slowly telling us that the company never would file, that is was going to fail, that the present Mayor would get re elected but you turned it round in the last innings!
Good show! Keep it up!
Sage.
I didn't even know you could do that!;)
Sage
Thank you Matt. The full price reaction to this news might be spread over a few days I think. It is only when people get the opportunity to study the application in detail that the full information on current status of the JV and Laidlaw will become available.That will take a while.
Sage.
Matt- any ideas how to access a copy of the application?
There will be a huge amount of up to date info in there re Laidlaw/ Homeland and the various projects I'd imagine.
Sage
I think you'll be very lucky to see sub 18 frankly but good luck. Low 20's looks a good entry point to me.
From here I see us edging up until filing then a strong run. A lot of the recent weakness was tax loss selling imo boosted by MM activity to create turnover. I suspect that is about done.
Sage.
I have just come back in after a day traveling.
I am feeling very content with outlook and price action. I remain confident of a filing at Berlin by 12/31. My opinion is there is good money to be made in LLEG by that date- maybe VERY good money;)
GLTA,
Sage.
Tap- you have to make your own decisions and I certainly respect that. It comes down to the question of the level of risk that you can live with and that doesn't upset you.
Personally I believe that if you do sell here you will very much regret it and soon. But it is your call. My involvement here definitely isn't to suggest to people how they should handle their own investments. Having said that I do detect some frenzy in certain of the posts today- one feeds off another and the anxiety rises- all based on fear of the unknown There is a classic concept taught in some business schools called The Abilene Paradox....basically a group of people make a bad decision or follow a particular course of action, where each of them knows it is wrong/foolish but for reasons of not wanting to appear individualistic etc etc they go along with the foolish plan knowing at the time ( if they bother to think about it) that it is foolish. Many corporations have been ruined by this issue.
The parallel in investment is to make one's own decisions and not be influenced by mass hysteria.
Anyway good luck whatever you decide to do.
Sage.
Morning everyone.
I bought a good number yesterday and I'm buying again today.
All this moaning will be forgotten in a week or two.
Sage.
Tap- You'll have your permit in time to pull a Christmas Cracker imho.!!
Sage.
.0078 is a pretty nice uptick from .0022 I'm thinking:)
Sage
Well chaps fwiw I have stepped up at 22 in a fairly serious way today.
Let's see if fortune favours the brave!:)
GLTA,
Sage.
Just out of interest what do people think the pps will be after the filing is in?
Sage
Matt- we'll see but I believe we'll see a filing before Christmas.
I hope I don't have to eat a bowler hat with my Christmas Turkey if I'm wrong;)
Sage.
If I can buy stock tomorrow morning at these prices I will.
IMO this Mass issue is being wayyyyyyy overdone.
GLTA,
Sage.
From my initial enquiries the Mass news is geared towards much larger plants than those that Laidlaw will build. I'll continue to seek further confirmation from renewable energy industry sources.
For now it looks like a non event for us to me.
Sage.
Keith- my suspicion is we will get good news before the year end.
Sage
Remember REC's are just one stream of income for Laidlaw projects.
Others include
the basic equity operating returns.
Payments for installed generating capacity.
Federal Tax Credits
Any payments for heat/steam sales.
There may be other income streams .
I am not seeking to minimize the REC issue- just place it in perspective.
As you say icarus clarification would be welcome.
Sage
I'm just speculating here but I am wondering how this legislation in Mass relates to agreements already in place to sell REC's? The wording suggests that it is not retrospective. I have no idea if Laidlaw have already obtained qualification to sell REC's for one or both of their Mass. projects but clearly that could be important.
Sage.
King- it would be a mistake to believe the only option available to Laidlaw would be an uplisting to the OTC. There are other markets internationally that cater to smaller growth companies and have excellent credibility.I would suspect that route might be under investigation.
Just a thought.
Sage.
I think we are getting into OT fantasy ramblings.
I'm away.
Have a pleasant evening all,
Sage.
A parent company is equally bound by the actions of its subsidiaries.
Ask an attorney:)
Sage.
Keith- with Homeland involved there is no need to sell Berlin. It is funded and imho will be granted a permit. Selling it at this point makes no commercial sense. I would disregard these suggestions.
Sage
VDB I respectfully suggest you are rather muddled tonight.
If a company sells an asset the proceeds flow to the company. It is a company asset. To divert the proceeds would be a fraud. Surely you aren't making that accusation????
Good wishes,
Sage.
Leroy- the key words I believe are "fully diluted".
The question is diluted for what? The obvious answers would be convertible loan stock or convertible preference shares, where the class of security involved is convertible on defined terms to ordinary stock. Now as far as I know LLEG has no convertible loan stocks in issue- it does however have a (convertible) pref that management holds.
Generally when investors use the term "fully diluted" they mean the issued capital after ALL convertible issues are deemed to have been converted to the relevant number of ordinary shares. The same holds true for example on fully diliuted earnings per share- it is attributable earnings divided by the number of shares in issue if all conversion rights were exercised.
In this case a strict interpretation of the term "fully diluted" would be that management holds 70% of the equity of LLEG assuming all convertible stocks ( in this case preference) were converted. The nominal value of the preference is NOT important- it is the conversion terms that are. Now my question is does the AS of 3 billion shares allow for full conversion?
Sage.
Good wishes to all for a wonderful Thanksgiving.
As Keith says be thankful for all you have- many are less fortunate, both here in the USA and abroard.
Sage
You will be crooner:)
Rich and happy:)
LLEG shareholders will be able to do good things for those less fortunate this holiday season.
Sage.
With respect Inestool I think you are missing a very important point. Laidlaw now is not at all the same company that existed when the stock was 0.0004. What has happened is the JV with Homeland and the extra projects. The Homeland association makes executing those and other new projects yet to be announced very achievable. Homeland adds depth to Laidlaw operationally and financially.
Given the two choices I woulds sooner invest in LLEG now at this price than in Laidlaw ex Homeland at 0.0004. There is much much less risk and Berlin is that much closer to reality.
Sage.
Hello you fellows----just looking by.
LLEG seems to be setting up to me tecnically and funamentally for some good action...I'm not sure if it will be before or after Turkey time but it's coming!
DLTA,
Sage.
LLEG will have a good week next week I believe.
Anyway I'm away from here till Monday.
GLTA,
Sage.