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Hi, New Jersey. Are you saying that NITE sells the shares that the company prints?
poorme, say it ain't so
Good point, onemaninnj. That was an awfully stupid post, and I don't know why I bothered to reply to it at all.
You're welcome, Linda.
Do you pretend to know what trades I have made in this stock?
Nice try, pal, but I didn't fool myself out of anything.
What kind of bonehead puts stop losses in on a penny stock, much less a pinkie?
Yeah, right. I've watched this stock for years. You can't' fool me.
Nobody's shorting nothin. It's a P&D, plain and simple.
Come on, you pump pigs, sell for all you're worth!!! QUICK!!!
I didn't invest more than I felt comfortable with losing. These pinkies are like roulette, a game I enjoy. If I get the feeling that management is honest, in the sense that they are not purposely trying to bilk investors out of their money, and if the nature of the business puts it in a favorable position in the economy as a whole--then I don't mind plunking a few thousand down. I've done very well at this game so far, making a nice profit in LLEG.PK and today in AMHD.PK. In fact, the money I invested in TSSP.PK is only half of what I made in those other pinkies.
As far as TSSP goes, they announced a profit of $1.2 million in 2006 and I wouldn't be surprised to see them repeat that or better in 2008. If so, then the math makes this stock pretty attractive.
I know that I've added very little that is new. I'm not sure how aware people have been about Dirk's efforts at marketing. It was some comfort to me to lear that he has a road show and is trying to bust into the plumbers and plumbing supply stores. That strikes me as clever.
I did call him. Very personable and smart fellow. He didn't want to provide me with information that he wasn't making available to all shareholders, but I can share my impressions with the MB.
2007's numbers are probably going to be flattish and disappointing, as you might expect in the current new housing market. I don't know if they turned a profit, but I sense that if they did it was considerably less than 2006's profit of $1.2M.
As a result, TSSP is now looking more to the retrofit market. They are trying to talk the plumbers and plumbing supply stores into installing and carrying their line of products. The result of this new marketing angle is a bunch of 2008 estimates that should result in very good revenues and profits.
Dirk seems very smart about marketing. He talked about the TSSP roadshow, which is some sort of bus or trailer with a typical sort of evacuated-tube-and-water-heater set-up in it. They take the roadshow to the Home Depot or whatever at 6:00 in the morning and arouse the curiosity of plumbers and contractors. I like that very much!
I asked him about dilution. I'm not going to name a number, but let's just say that our estimates on the OS have generally been more or less in line with the real situation. My worst-case scenario of 3 billion was very high. Dirk is very much aware of the need to stop diluting. He would love to initiate a buy-back program one fine day. There are no plans for a RS.
That's about it. I feel happy about the 26M shares that my dad, pal and I picked up this morning. The financials are still in the paws of the CPA, and they're not sure when they'll have them to PR, but hopefully very soon.
I don't get it. If they produce and sell 1 million gallons of oil, how does that translate to $7M in revenues? That would mean they can get $7/gallon for their oil.
At these low prices, I can't resist buying. Look, even if the OS is 3 billion right now and the profits haven't risen beyond the $1.2M of 2006, we'd have earnings per share of $1.2M/3 billion = $0.0004. That's today's share price and I haven't even given this sucker a multiple yet. A multiple of 12 is a 12-bagger from here. A multiple of 30 is a 30-bagger.
Of course, there's no guaranty that the company's still profitable... That's why I was sp psyched to learn of Dirk's intention of reporting financials and holding an ASM.
So... what about those financials?!
The price was too low--I couldn't take it. I bought 15 million and forced my dad and friend to buy 6M and 5M. I'd sure like to see those financials, though, damn it all.
It's weird, but the chart actually looks very good right now. Let's see if the chartpeople jump in at these prices.
Tom, I didn't go to the meeting. I'd love to hear GP's observations or those of anybody who attended.
Well, I gotta admit that one of the things that makes LLEG attractive is the absence of Cornholio or other forms of death-spiral and otherwise dilutive financing. You're probably wise to stay away from IESV. On the other hand somebody's making a hell of a profit on it today.
Sure you can compare the two. You can compare any two things if you set your mind to it. In this case, you take biowaste--wood waste with LLEG and animal waste with IESV--and you turn it into energy.
Well, it's a cow crap to biogas play, so it's technically biomass, but a different technology. My other guys use anaerobic digestion to produce gas, which they're selling to industrial customers for outstanding money. Awe, hell, call me a pumper/spammer if you like. This thing is taking off as I write these lines:
IESV.OB
Be warned, Cornell Capital / YA Global is in the picture big time!
My other biomass play just made a major announcement, and I think it's gong to make a run-up. Should I post the name of the stock here, or will you all accuse me of spamming?
Gentlemen, no, please allow me be first to apologize.
You guys are funny!
> Taylor said participation in the session will be limited to people who live, work, or > recreate in Berlin.
> “This is Berlin’s vision,” he said.
***
Does this mean that LLEG investors are not welcome, or merely that if we go we should sit still and shut up?
The Senate will not pass it, and if they do, Bush will veto it.
It's not down to .0008, investool. That's a T trade which happened sometime over the past five trading days and finally posted today. We've seen it again and again, usually when the share is running up.
jimmenknee, yeah it is kind of funny, it's so moronic and nasty. And I agree with you: why on earth shouldn't shareholders attend this meeting? I'm actually going to try to be there, although I can make no promises. Adam.
This forgery, which is being circulated in Berlin and was posted tonight on the CoosConversations blog in Berlin, is an outrage. Tom V never sent me any such email, and never could have written to me in this tone. Some fool is trying to paint LLEG shareholders as plotters and schemers, and he is slandering Tom and me in the process. For shame!
***
Adam
Can you make the Berlin meeting on the 5th. We need to insure LLEG gets top billing. MBB and other company officers will make the trip. GP has promised +50% LLEG supporters at meeting. Should be a big WIN WIN for us and HUGE PR.
Tom
While it's hardly surprising that they would attempt to dominate the conversation, it puts the burden on the facilitators to make sure the voices of Berlin are heard over the corporate PR. I hope Pam LaFlamme and Jeff Taylor are up to the task. At the very least, it's one more reason why EVERYONE needs to come out and be heard.
Where were YOU yesterday morning, Tom?! Now you know how it feels.
They're all busy accumulating shares. As soon as they finish, they'll chime in.
I'll be more up-front and thank you for all of the good sense that you've made of recent events, the complicated relationship emerging between PSNH & Laidlaw.
Thanks also to Brungy and George P. This discussion has been educational for me.
> This is not at all consistent with Laidlaw's proposed facility
Tom, you meant "not at all inconsistent," correct?
What is PSNH?
From http://www.psnh.com/AboutPSNH/default.asp
Company Profile
Public Service of New Hampshire (PSNH) is the Granite State's largest electric utility, serving more than 475,000 homes and businesses throughout the state. Our personnel includes more than 1,200 employees who work and live in New Hampshire, contributing in many ways to the communities where they reside.
Formed in 1926, PSNH has grown to comprise three fossil fuel-fired generating plants and nine hydroelectric facilities, jointly capable of generating more than 1,110 megawatts of electricity. As a wholly-owned subsidiary of Northeast Utilities— a utility holding company based in Connecticut-PSNH is an integral part of New England's largest electric system. This ample and diverse supply of energy provides the foundation for continued economic growth and prosperity in New Hampshire.
Here's an old article, but it contains important information. I had forgotten LLEG's relationship to North American Dismantling and Basic Energy. NAD is an equity partner with LLEG in the Berlin plant. I'm assuming that Basic Energy is, too, although their role may be more in the consulting line. Anyone care to shed more light on these relationships?
http://www.unionleader.com/article.aspx?headline=In+Berlin%2C+new+hope+for+mill&articleId=a9a76aaa-94d1-4a93-bd25-e7ed0bbac2a3
In Berlin, new hope for mill
By LORNA COLQUHOUN
New Hampshire Union Leader Correspondent
Tuesday, Apr. 3, 2007
BERLIN – A New York-based energy company is proposing construction of a 50-megawatt biomass energy power plant that could begin operation at the site of the former pulp mill by late next year.
Laidlaw Energy Group and its affiliate, Laidlaw EcoPower, has agreed to acquire some of the property and assets of the pulp mill last operated by Fraser Papers. (LORNA COLQUHOUN)
Laidlaw Energy Group predicts the plant would use about 500,000 tons of wood chips annually. That would support 500 jobs for truckers and loggers, as well as local businesses that provide goods and services to those involved. The plant itself would create 40 jobs.
Laidlaw Energy Group and its affiliate, Laidlaw EcoPower, has agreed to acquire some of the property and assets of the pulp mill last operated by Fraser Papers, which closed nearly a year ago
It is the second renewable energy plant proposed in Coos County in less than two months. In February, North Country Renewable Energy announced its intent to develop a $200 million renewable energy park in Groveton, including a 45- to 75-megawatt wood-fired electric generation facility and a biofuels manufacturing facility producing ethanol and other fuel additives.
The existing infrastructure of the pulp mill, portions of which are being dismantled, attracted Laidlaw, according to company President and CEO Michael Bartoszek. Especially of interest was the 11-story, $100 million Babcock & Wilcox boiler installed 14 years ago.
"It makes sense utilizing the infrastructure," he said.
Officials in Berlin and Coos County reacted yesterday with cautious optimism.
"If it's true, it's great news," said City Manager Pat McQueen. "Energy is something that is needed and clearly there is a lot of biomass in the North Country."
"(The biomass plant) is not as labor-intensive as the paper mill, but these will be well-paying jobs," Bartoszek said. "There will be a significant amount of indirect jobs."
The closing of the pulp mill last May left more than 200 mill workers without jobs and questions in the city about what would replace the tax base.
"It's important to keep the industrial base, good-paying jobs and the tax base," said Mayor Bob Danderson. "I'm very happy for that - we weren't sure what would be left that would be taxable."
Laidlaw has entered into an agreement with North American Dismantling, which will retain an equity position in the project. NAD purchased the mill property last October and has been tearing down a number of buildings over the past few months. The two companies "intend to work together to develop" about 130 acres for manufacturing.
"Our goal would be to bring in a business that needs low-cost electricity," he said. "I think that is a very real possibility and it will be a very attractive site."
Coos Economic Development Corp. Director Peter Riviere said the county "is reasonably poised to take advantage" of renewable energy. But he said he is concerned whether the wood supply can handle two biomass plants. He also questions whether the present transmission lines are sufficient to get the power out of the northernmost county.
The region has prompted great interest in biomass and alternative energy projects, said New Hampshire Timberland Owners Association Director Jasen Stock, with the closure of the pulp mill in Berlin and Groveton Paperboard a year ago in Northumberland.
"Now that the mills are closed, there is quite a bit of interest in tapping into the resource in Berlin," he said.
Between the two mills, he said, about 1.2 million tons of wood were consumed and the two plants will likely use that much.
"We have plenty of wood left," said state Sen. John Gallus, R-Berlin, who added that he was "thrilled" to learn about the Laidlaw project yesterday.
Laidlaw will utilize its relationship with Basic Energy, which assisted with the Laidlaw development of a biomass energy plant in New York. Basic has a portfolio of over 1,200 megawatts of generation and owns an electric utility in the Caribbean.
Bartoszek said the acquisition from NAD should close within the next few months.
No, Skunk, it's PSNH, as Bundy clarified.
What's the matter with this board? Today some of the most promising news ever came out on LLEG, and you're all out to lunch! O, I get it... you all sold at $0.0013, and now you're waiting to buy back in at $0.0006. Only *then* will you want to start talking about positive prospects again.
Consider the statement from yesterday's article:
"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"
Is it not true that if MBB is lying about that, he sets himself up to be sued? Does it not, then, seem to you that this statement is probably true. What are the implications and consequences of LLEG's being at an advanced state of negotiations with PSNH over a 15-20 year power purchase agreement?
Discuss!
PSNH (Public Service of New Hampshire).
Oh, yeah. I knew that. Aren't they the entity that was supposed to be "taking over" for LLEG in the Berlin deal and "kicking out" LLEG? This article certainly suggests otherwise!
Hi, Greg.
Just for shites and grines, I looked up the source that published yesterday's article. This is from their homepage
http://www.biopact.com/site/aboutus.html
***
A connective with a vision for the future
The Biopact is a Brussels-based connective of European and African citizens who strive towards the establishment of a mutually beneficial 'energy relationship' based on biofuels and bioenergy (see our goals). For the time being, Biopact is an entirely volunteer effort, but the young organisation is working towards formalisation under a non-profit structure because of growing interest in its activities and its vision.
The group's main activities currently consist of building a web presence, delivering basic consulting services to the media and to bioenergy projects in the South, and of networking with other organisations.
Biopact unites specialists in several disciplines related to bioenergy seen in the broader context of development and trade: an economic anthropologist, a bio-engineer, a professor in chemistry, a tropical agronomist, a sociologist with expertise on Central-Africa, and a development economist.
A full and growing list of members who subscribe to the Biopact's principles can be found here.
The daily activities of the Biopact are taken care of by the following people:
Jonas Van Den Berg
Jonas has considerable experience as a consultant in the extractive industries in the South. Besides staffing our temporary secretariat, he networks for Biopact and does journalistic work for the connective.
Contact Jonas for general inquiries into the Biopact's goals and activities. Email: jvandenberg@biopact.com
Laurens Rademakers
Laurens is an anthropologist with expertise on the politics and economics of natural resource extraction in Central-Africa. He does basic research and journalistic work for the pact, connects with interested and interesting parties and manages the weblog and website.
Contact Laurens for information on ongoing projects, consulting services or for journalistic work. Email: lrademakers@biopact.com
I'm going to be honest with you, dmchas: my opinion about LLEG's viability changes two or three times a day. But articles like yesterday's present a picture of LLEG in Berlin that is so sensible and confident that its realization seems inevitable. In short, I think I believe again!
Whatsupdoc, thanks for joining the conversation! Good to know there's another man alive on the field. Well, maybe not a man, but at least a wascally wabbit.
Bugs, yeah, the renewable energy park is an awesome idea!
And, yeah: QTWW is going to break out, but I've got all my cash locked up in LLEG!
I'm just going to have a conversation with myself about this. So let's reconsider this statement from yesterday's article:
"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"
That's the first we've heard about any negotiations whatever with a local utility. And now we find out the negotiations are not only taking place but that they're at an advanced stage!
What's the name of the local utility. Or, if there are more than one utility, what are the possibilities?