Happy anniversary everyone.
I wonder if MBB got us anything?

Yes, I am joking.
I would make some sort of Keystone Kops reference re Bart and Lou, but that would date me.

Why has Laidlaw management kept this ruling from shareholders since October, when the decision was released?

I thought that they were making attempts to be more transparent - this seems like it would be the sort of thing they should be transparent about.

Today, LLEG is on the gray sheets, and folks who bought in are more or less stuck.

Today, we are understood to have "control" of a project in New Bedford, MA at a solar manufacturing company that may be facing financial challenges (nothing firm, but the entire US solar industry is getting hammered by imports). We have heard nothing about this project in a long time, and can only speculate as to status, size (I have driven by, and it ain't big), business structure, reevenue potential, etc.

Today, we have a PR saying Laidlaw acquired the Susanville, CA project, but we really don't know much else. There is no filing at the CA PUC, not filing with the air bureau, etc.

Today, we don't own any of ther Berlin, NH project.

Yes, he looked at the books, and then apparently insisted on preferred shares, not common shares like the ones folks on this board board own.

Happy Fork Day, everyone.
It's done.

When you say the new Bedford, MA and Susanville, CA projects are moving forward, how do you know this? Source? Hope?

I would note that we haven't hear anything from LLEG about either of these projects in a while. It seems if the projects were moving forward they would want to say so. The last press release, detailing the settlement with Cate Street, said nothing about either project. This makes me think there is nothing going on.

I have called the local paper in Lassen County, CA and they hadn't seen any activity. This was over a month ago, so things might have chAnged. As for New Bedford, I took a drive there in august while vacationing on Cape Cod. The project looks like a small natural gas facility - nice, and will help a few companies and throw off a few dollars, but nothing to make anyOne wealthy - and certainly not enough to throw money off to shareholders ( take this with a grain of salt - all based on visual observations and some back of the envelope calculations)

I hope you are right about Susanville, but I don't hold out much hope.

I've been out for a while but still check back.
Very sad to see how this played out for all investors. I hope you see a turn around, but I think we all know that's just not realistic.

I will now start thnking of November 1st as "LLEG Fork Day" - if there is no 10Q by then, it really is (past) time to stick a fork in it.

That is not an opinion. It proports to offer facts, which can be verified one way or the other.

I was directly involved in such a suit (in New Hampshire), and am well aware of the case law here. To the extent things were demonstrably false, the offended party has a variety of avenues of recourse.

Such comments are only legally protected to the extent that they are accurate.

You cannot make statements that are knowingly false about a person or company in a public venue and hide behind the veil of free speech. Your liability may be limited, but if they are knowingly false you can be find liable, and if they are demonstrated false (even if the person belived them when they said it) a retraction can be ordered and a full rebuttal provided the offended party.

It appears that neither happened in this case.

That post is from April of 2010. What do you mean "continue to go after"?

Mr. Edwards withdrew his objection to the Cate Street project, and that's all well documented on the NH PUC website.

This information has been out in th epublic snce April 2010. That doesn't make it accurate or correct, but it has been available to any potential investor in LLEG

Matt:

The Illinois "project", if it was ever more than an idea, has been dropped from the LLEG website. I think that is telling.

Take a trip to New Bedford this weekend. It's not too far. I believe you will find a nice, small natural gas CHP project. Its physical size should give you some indication of the potential revenue opportunity).

As for Susanville, CA... I don't know. That was supposed to be closed this summer, and according to a call to Lassen County registrar of deeds that has not happened. Maybe delayed, but with the issues LLEG has faced recently it may never move.

Good luck to you and all longs with your investment - I admire your optimism (real or forced).

A one panel cartoon at that - didn't even have a set up...punchline combo

I think that this confuses lack of liquidity with stability.

Yes, my bad.

Here is an article with the general outline:

http://www.nhbr.com/businessnewsstatenews/927375-257/bridge-loan-salvages-isaacson-steel-for-now.html

This loan was made with court approval and while Isaacson was "enjoying" bankruptcy protection.

One of the provisions of the loan, approved by the bankruptcy court, is that Isaacson has priority over all other creditors.

This is a link to Form 10

http://www.sec.gov/about/forms/form10.pdf

How would we know if the SEC waits 6, or 10, or 12 months in 2011 for suspensions? It has only been a couple months - if that - since this round. We can't possibly know what will happen in the future.

I hope that LLEG management doesn't wear handcuffs, and that things recover well for you folks, but to claim that the SEC won't press criminal charges in the future means one has powers of future observation far beyond those possessed by mere mortals.

Just checking back in, and sad to see things are moving in the wrong direction for the longs. I may rejoin you with some 100% risk $$ once this hits the 000s solidly.

Time will tell, but you didn't address the issue of their experience with putting together biofuel projects. Apparently, they are condisering five site,s, but I see no evidence they have done one.

What on earth makes you state that Industrial Consultants, Inc. is "well experienced in putting together biofuel projects"?

I am feeling the love, guys.

I remain interested in biomass, the Berlin project, and LLEG - if and when I see / hear / think something of interest I will make sure it is posted here.

Good luck to all of you.

I just realized that while I was away for work last week my sell order for a million was executed. At this point, I am no longer an LLEG shareholder (unless I have a few hundred thousand hiding in a forgotten account, which is possible).

I did well off of LLEG, but reduced my holdings from 10 million to 1 million a few months back, and following the SEC issue decided it was time to move on completely.

I continue to have interest in the company and projects, and perhaps will be back at some point. Good luck to the longs on this board - I hope this works out well for you.

4 of the IPPs are selling into the grid (open market, spot pricing), 2 have PPAs with entities that are not PSNH.

We have no way of knowing if some of them were willing to cut a deal, and it doesn't really matter. You need all of them to back off of the NH Supreme Court challenge, and apparently that didn't happen.

I have heard from a Berlin political source that the June 30th issue had to do with financing and tax credits. I know that it isn't the federal 1603 tax credits (the deadline for those is construction started by Dec 31, 2011), but perhaps some other.

The source (a rep, not the sentator quoted everywhere) didn't have details but said one of the financing programs that Cate St was counting on had a hard federal deadline of June 30, and when that data passed the deal became too expensive.

I don't know the truth or details of this, but thought I would pass on. I am trying to see what else - if anything - I can figure out.

For sale - 1 million @ 0.0025

for sale - 1 million at 0.0025

4 sale - 1 million (1,000,000) at 0.0025

Those on this board for a while know that CTTC is connected to the power industry in New Hampshire, and has been a pretty good source of information for a while.

While now in exile in Canada, he has used his contacts to provide valuable insight and reality checks to this board.

LLEG apparently is still due a payment upon closing of the construction loan. The level of that payment has been the subject of much speculation on this board, but there is a payment, probably somewhere between $1 and $1 billion.

We get that payment only to the extent Cate Street can actually get complete financing for the project. Given the changes to the PPA and the new capital cost numbers, that may be in doubt. Rumors have been flying around NH political circles to that end, and I now see why.

I would note that runors carry no weight, but if we are due a payment upon closing of construction financing then we have an interest in making sure that event occurs.

I don't think the concern is the structure, the concern is th elevel of debt. When this project was initially rolled out it was under $100 million, then climbed to $120 million, and is now $274.8 million. That is a lot of money.

Agreed, but I provided what you asked for.

I am not concerned with all pink sheet stocks - I am concerned with LLEG.

Saying that "everyone else has problems" does nothing to make our current (and very real) problem go away.

Cate Street testified at the NH SEC that bids were coming in higher than expected.

They don't share the line by line details, but stating on Page 6 (line 15) through page 8 indicate that bids are coming in higher than previously estimated.

http://www.nhsec.nh.gov/minutes/documents/110518minutespm201101.pdf

One can believe anything they want. Hard to tell what is and isn't correct at this point, so all speculation is just that.

I believe that this is based on the initial statement by Cate Street. I am not aware that Cate Street was drafting another statement, but would be interested in that if it exists.

Do you have a link to the suggestion they were preparing a further statement?

There are many, many unanswered questions.

I hope I am wrong, but I suspect many will never be answered. That is going to cost me, but I knew what I was getting into with a pink sheet and am still significantly to the positive with this stock.

http://www.berlindailysun.com/community-news/story/berlin-station-clarifies-laidlaw-connection

If you are going to post that one (you're right, it is old), you should probably share this one as well:

http://www.berlindailysun.com/community-news/story/council-correction

Big Bucks - did you attend the hearings in NH?

Which ones - PUC or EFSEC or both?

I can't leave - the SEC has halted trading.

Shortly after a branch of the federal government took this action you pumped the stock. Next time, perhaps you should say "Great things to happen in 2 weeks when we can trade again". That would help folks understand your perspective.