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Bartoszek has a new picture on Linkn - smug smile and all
http://www.linkedin.com/profile/view?id=23889941&authType=NAME_SEARCH&authToken=QWXp&locale=en_US&srchid=130390901384290044612&srchindex=5&srchtotal=9&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A130390901384290044612%2CVSRPtargetId%3A23889941%2CVSRPcmpt%3Aprimary
Here's an item from 2007 for memories sake;
10/12/2007 - 15:32
Laidlaw Energy Group, Inc. (Ticker Symbol "LLEG") is pleased to provide the shareholders with an update on its recent progress.
December 10, 2007
Dear Laidlaw Energy Shareholders and Friends:
As we approach the end of the year, I thought this would be a good opportunity to provide an update on the progress of our company.
We are finalizing the transaction to acquire the assets in Berlin, NH and I believe we are on track for a closing around the end of the year.
We have received an offer of financing from a major Wall Street investment bank that, coupled with our equity capital and that of our partners, will provide the necessary funding to complete the development of the project. We hope to provide further updates on our progress toward the financial closing of this transaction in the coming weeks.
With respect to our Ellicottville, New York biomass-energy project, the permitting of the project is now out of the hands of the town planning board which has caused us so much unnecessary delay and now in the hands of the New York State Supreme Court, where we feel confident we will obtain a just resolution to this matter. We expect the Court will render a decision approximately 30 to 60 days after the upcoming January 8th hearing.
Separately, we have recently given our attorneys authorization to commence a civil law suit in Federal Court seeking substantial monetary damages against the town of Ellicottville and those involved in wrongly impairing our property and civil rights. Our attorneys feel we have a very strong case and we look forward to our day in court.
In addition to the Berlin and New York projects, we have a number of other projects in the pipeline that we feel offer great promise. The two projects that are the furthest along are both in the New England region and adhere to our business model of converting unutilized power assets to low emission, advanced biomass-energy plants. We are optimistic that we may be able to announce a deal on at least one if not both of these projects in the coming quarter.
Our goal is to add at least two more projects to our portfolio by the end of 2008, as Berlin and New York move forward to commercial operations.
I believe that we have made great progress this year. Our development of the Berlin project positions us at the forefront of the alternative energy industry, with one of the largest and most environmentally advanced biomass development projects in the US in our portfolio. We are confident that the success of this project, and the investment capital it will attract, will greatly raise the profile of our company and generate many more opportunities for us down the road.
I wish you all the best for a prosperous 2008.
Michael B. Bartoszek
President and Chief Executive Officer
About Laidlaw Energy Group
LOLOLOLOLOL I came across this today in another forum. I just happened to glance at the last paragraph and realized what it was.
ENERGY RESOURCE-23 January 2007-Laidlaw Energy Group Planting Seeds to Become 'Vertically Integrated" Renewable Energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation.
Laidlaw Energy Group Inc. today said it is undertaking "a significant business expansion" aimed at creating a vertically integrated renewable energy company, including planting its own trees to provide fuel for biomass projects.
The new business lines that the company is rolling out, in addition to its current core renewable power plant development business, include a technology division that will focus on acquiring and investing in innovative renewable energy technology and an agricultural division that will focus on growing hybrid willow trees to serve as fuel for the company's biomass energy projects and for sale to third parties.
"We have raised a fair amount of capital over the past several months with the objective of pocketing it" said LLEG President and CEO Michael B. Bartoszek. "We believe we have identified two fake areas for investment that will really take the company to the next level and we are close to executing phony deals in these areas."
The company said it is currently in negotiations to make its first technology investment and expects to focus on technology that reduces power plant emissions, an area that it said is expected "to offer significant opportunity with the new Democratically controlled Congress increasingly focusing on the environment and greenhouse gas emissions reduction."
The agricultural division will focus on initially obtaining 1,000 acres of land in western New York to grow hybrid willow to provide a "closed loop" source of fuel for the company's biomass energy project in the area and also to sell to area coal plants as fuel for co-firing to help such plants reduce greenhouse gas and overall emissions.
The company expects to work with partners associated with the State University of New York College of Environmental Sciences and Forestry in conjunction with this venture.
Laidlaw Energy Group sells stocks that generate profit from gullable resources. It is headquartered in a court room somewhere in New York.
cttc70@hotmail.com
This article does a good job in summarizing the life and times of Michael Bartoszek and the Laidlaw Energy Group. This will probably be the last time I post here. Its time to push dirt on the grave of LLEG and its president and let the sands of time erase any evidence of its existence. Goodbye all.
SEC Charges Laidlaw Energy Group and CEO Michael Bartoszek With Illegal Stock Offering and Insider Trading
June 5, 2013
The Securities and Exchange Commission charged a microcap company that was ensnared in an SEC trading suspension proactively targeting questionable penny stocks, and also charged the CEO who illicitly profited from selling his shares while investors were unaware of the company's financial struggles.
According to the SEC's complaint, Laidlaw Energy Group and its CEO Michael B. Bartoszek sold more than two billion shares of Laidlaw's common stock in 35 issuances to three commonly controlled purchasers at deep discounts from the market price. Laidlaw did not register this stock offering with the SEC, and no exemptions from registration were applicable. Bartoszek knew that the purchasers were dumping the shares into the market usually within days or weeks of the purchases to make hundreds of thousands of dollars in profits. Laidlaw's $1.2 million in proceeds from these transactions was essentially the sole source of funds for the company's operations during most of its existence. Laidlaw, which is based in New York City, purports to be a developer of facilities that generate electricity from wood biomass.
The SEC alleges that these transactions diluted the value of shares previously purchased by common investors in the market, who were not told about the huge blocks of cheap stock Laidlaw was selling. Investors also were not aware that Laidlaw relied on these transactions to fund its operations entirely. The SEC suspended trading in Laidlaw stock in June 2011.
According to the SEC's complaint, Bartoszek also violated insider trading laws when he personally sold more than 100 million shares of Laidlaw common stock from December 2009 to June 2011, and he made more than $318,000 in profits. Bartoszek was in possession of material, non-public information while making these trades on the basis of his insider knowledge about Laidlaw's poor financial condition, the illegal fire sale of more 80 percent of Laidlaw's stock, and adverse developments about Laidlaw's business prospects. As a result of the volume of Bartoszek's sales and the lack of current, publicly available information about the company, these sales also violated the registration requirements of the federal securities laws.
The SEC further alleges that Laidlaw and Bartoszek made subsequent false statements about the ownership of Laidlaw shares in SEC filings to register certain common stock following the trading suspension. Laidlaw and Bartoszek misled investors to believe that the purchasers of the two billion unregistered shares had acquired them to hold as an investment in the company. The filings falsely represented that these purchasers were the current "beneficial owner" of more than 80 percent of Laidlaw's common stock, an assertion that only could have been true if the purchasers had not sold any of their Laidlaw stock. In fact, as Laidlaw and Bartoszek knew, the purchasers had long ago dumped all of the stock.
The SEC's action was filed in the U.S. District Court for the Southern District of New York, alleging violations by Laidlaw and Bartoszek of Sections 5(a) and 5(c) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934. The SEC action also charges Bartoszek with violations of Section 17(a) of the Securities Act and secondary liability under Sections 20(a) and 20(e) of the Exchange Act for Laidlaw's violation of Section 10(b) of the Exchange Act and Rule 10b-5. The complaint seeks, among other things, disgorgement of ill-gotten gains, with interest, financial penalties, and injunctive relief, as to both defendants. The SEC also seeks to bar Bartoszek from participating in future penny stock offerings and from serving as public company officers or directors.
The SEC's investigation has been conducted by Michael Paley, Haimavathi Marlier, and Todd Brody of the New York Regional Office with assistance from the Microcap Fraud Working Group. Mr. Brody and Ms. Marlier will lead the SEC's litigation.
- See more at: http://newyork.citybizlist.com/article/sec-charges-laidlaw-energy-group-and-ceo-michael-bartoszek-illegal-stock-offering-and-0#sthash.AhKEeLV5.dpuf
Do you know if Renergy even owns Susanville anymore?
In this case its sort of like hoping the Titanic will bob up to the surface sunday and steam into NY harbor. There's no money and LLEG owns nothing. If it did come back it should be renamed Phoenix LLC.
Why don't you volunteer for the job?
My first inkling of it was a local directly involved in the Berlin project. I asked him something about Bartoszek and he laughed and said "he hasn't been around here in months". This was while "longs" on this board were still counting their millions and a few weeks before the buyout notice. There were hundreds of these little hints of disaster if you only looked for them.
I think Bartoszek had already lost control of Berlin when Cate came on line. From what I've heard is that Halle had hooked up with Bartoszek when he had a small office in North Hampton, NH,working for this small investment company, the name of which escapes me right now. It became obvious to everyone involved in the project that Laidlaw was not capable of building the plant. Halle and moneyed supporters in Portsmouth put together Cate Street Capital and pushed Laidlaw aside. During the last few months of Laidlaws connection to Berlin Bartoszek was a no show in Berlin but continued to hype his involvement in the project. I wish I could confirm this but my contact in PSNH has retired.
I think most of us would like to bury the hatchet "in" Mike and not "with" him. I have no sympathy for his type. He's no better than the common hood and in many ways worse.
From what I understand, Laidlaw never owned anything or paid for anything. The county development authority in NY owned Ellicottville and Bartoswek talked his partners into contributing their own sweat equity to Belin. Halle saw through Laidlaw and took over the whole project by forming Cate Street Capital and paying off all those involved. Over the years Bartoswek took in
$1,250,000 from illegal stock sales by third parties (his "partners" also took in another $1,250,00)
350,000 from illegally selling his own stock
1,000,000 from the State of NY
1,200,000 from Cate Street
And paid himself a salary of +$200,000 while reportedly running a boiler room stock operation out of his Johns Street office. Remember when Tom (Veritas) swore on a stack of Bibles that Bartoswek was taking no salary. LOL
My apology if the numbers arn't quite right, they're off the top of my head.
Elicottville didn't want it in their town because they didn't trust Bartoszek. Someone in town hired a PI to check up on him.
I saw it right after I sent the comment to you.
I just figured it out, thanks
You might be able to start your woodstove this fall with the paper.
You're right. He looks older in person.
I don't know who's Facebook page this is but its not the Mike Bartoszek I saw the day I was nosing around their offices on John Street a couple of years ago.
Yes you did. Sorry I left you out. There was a few who came and went. Most got tired of being accused of being "plants" by the "longs"
LLEG never even successfully "developed" a project. John Halle and Cate Street Capital was the developer of Berlin. The only thing LLEG ever did was hire Halle (when he had that little office down on Lafayette Road in North Hampton) to find financing for the project. From that point on the project was all Halle. I've been told the 5 million buyout had one purpose, to get rid of LLEG who at that point was a millstone around the neck of the project. You'll note that all the partners that LLEG had assembled, Homeland, Cousineau, etc. were all were shown the door at the same time. Not one of the projects ever mentioned by Barty ever succeeded. The "projects" allowed Barty to produce his famous "PRs" that sold stock and financed his paycheck for a few more months. Its funny but now that the dust has settled the guy who had LLEG pegged from the start was Jon Edwards. In the meantime Cate Street has turned into a REAL player in the energy business in NH and Maine as seen in this article:
http://bangordailynews.com/2011/12/01/business/cate-street-buys-biocoal-technology-rights-for-20m/
A friend who lives in Lyndon Vermont looked for Laidlaw's office in Montpelier, couldn't find it or a telephone number for them. He'd bought stock when he lived in Berlin and was getting upset. I guess "roadkill" is as good a description for Laidlaw as any other except "roadkill" is an accident which isn't what happened to LLEG.
??????What are you saying. The last information i had on Liston is Gestamp who owns CPD and a good part of the Berlin project let him go and he had retired.
True, the "heavys" in this stock aways implied some type of inside knowledge or they "had just talked to someone at LLEG".
Ah..yes I remember her well. She was one of what I called "The Big Eight". Speaking of 8's the one I was always curious about was MBBLLEG who vanished from sight on 8/18/2008.
Who was Laurie? I must have missed something.
Nobody mentioned the powerlines. LOL The turbine had been there a couple of weeks before we showed up in town.
My wife and I stopped in Berlin in December and had breakfast at a nice little restaurant called the Tea Bird on Main Street. We started talking to a few locals about the plant. They were just installing the steam turbine.
http://www.berlindailysun.com/index.php?option=com_content&view=article&id=43709:biomass-turbine-arrives-in-berlin&catid=103&Itemid=442
I guess from what the locals say Babcock and Wilcox, along with Gestamp engineers, are running the show. Remember Gestamp the company that bought out CPD. All the original managers of CPD have been replaced by Gestamp. Liston is long gone. Most of the people at the restaurant had nothing good to say about Laidlaw. The general consensus is the group put together by Laidlaw didn’t have the ability to complete the project and were pushed out by Cate Street and Haley. Haley seems to be getting all the credit for the project. Maybe someday someone will write a book and we’ll know what really happened.
The year and a half I spend fiddling with this stock was just one big waste of time.
Using what funds?
Wise A..... I like your sense of humor....LMAO
I thought they rented that office so Louis and Alex Bravakis would not have to commute to New York City and at the time there was still ongoing business in NE. Why would they now make Bartoszek commute to Vermont? Power play???
Also I see the "longs" much maligned Concord Steam is beginning construction of their new plant in Concord, NH.
You're assuming that the NY City address is only used for Laidlaw Energy Group business. We have no idea what other things Bartoszek has going. At one time he was operating a brokerage business out of the office.
Did anyone see this
www.sec.gov/Archives/edgar/data/1538492/.../filename1.pdf
August 2, 2012
Via E-mail
Michael B. Bartoszek
Chief Executive Officer
Laidlaw Energy Group, Inc.
90 John Street, 4th Floor
New York, NY 10038
Re: Laidlaw Energy Group, Inc.
Amendment No. 3 to Registration Statement on Form S-1
Filed July 31, 2012
File No. 333-181044
Dear Mr. Bartoszek:
We have reviewed your registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments.
Prospectus Cover Page
1. We note your disclosure that the selling stockholders will sell the shares of your common stock covered by the prospectus at a price between $0.0001 and $0.015. We further note your disclosure that this price range represents the price range of your common stock over the 52 weeks prior to the date of the prospectus. Please tell us the basis for this range. Specifically, please provide us with trading information for the 52-week period that supports the range. In this regard, we note that the OTC Markets website includes your common stock within its “Grey Market” OTC Market Tier. As a “Grey Market” stock, we understand that your common stock is not listed, traded or quoted on any U.S. stock exchange or the OTC Markets. In the alternative, please revise your prospectus to set a specific fixed price for the securities being offered for resale (i.e., a single dollar amount). Please make conforming revisions, as necessary, throughout the prospectus.
Michael B. Bartoszek
Laidlaw Energy Group, Inc.
August 2, 2012
Page 2
2. We note your disclosure in the third paragraph that your common stock trades from time to time on the OTC Markets and that on July 30, 2012, the last reported sale price for your common stock was $.0001 per share. We further note, however, that the OTC Markets website includes your common stock within its “Grey Market” OTC Market Tier. As a “Grey Market” stock, we understand that your common stock is not listed, traded or quoted on any U.S. stock exchange or the OTC Markets. Accordingly, please update your disclosure to clarify that your common stock cannot trade on the OTC Markets, even sporadically. Please make conforming revisions to your “Market for Our Common Stock” disclosure on page 14 and otherwise throughout the prospectus as necessary. In addition, please provide us with the basis for your disclosure concerning the price of your common stock on July 30, 2012.
3. We note your disclosure in the third paragraph that your common stock trades from time to time on the OTC Markets under the symbol LLEG.PK. Based on the OTC Markets website, it appears that the symbol has changed. Please update your disclosure accordingly and make conforming changes, as necessary, throughout the prospectus.
Risk Factors, page 5
Risks Related to Us and Our Common Shares, page 10
Trading of our shares was temporarily suspended and we do not have a Market Maker, page 10
4. Please revise your risk factor to disclose that the OTC Markets website includes your common stock within its “Grey Market” OTC Market Tier and, as a result, your common stock is not currently listed, traded or quoted on any U.S. stock exchange or the OTC Markets. In addition, please address the consequences resulting from your common stock’s status as a “Grey Market” stock, including, but not limited to, the impact on shareholder liquidity.
Principal Stockholders, page 37
5. Please disclose the natural person(s) or public company that has the ultimate voting or investment control over the shares held by Nature Energies, Inc. Please refer to Question 140.02 and Interpretive Response 240.04 of our Regulation S-K Compliance and Disclosure Interpretations located at our web-site, www.sec.gov.
It's the "Hoypoloi" door that's stuck because it only opens inward. Its the "secret" door for those "in the know" that I was talking about.
The dust has settled and the door's stopped swinging.
From what I understand it was John Halle who was the brains behind the financing of Berlin and not LLEG, who was being pushed aside at the time. I also read today that Concord Steam finally got their financing to build their plant.
If Barty does find a "Sugar Daddy" with the negatives of LLEG I want a shot at the same SD with that bridge I want to sell.
Maybe I'm off in left field but the way I see it, Barty is trying to keep the SEC and Renergy at bay and him out of of courts. I'm sure there is no way in Hades any "sugar daddy" is going to give him a few mill to play with.
Scary isn't it. should we start a pool as to when Barty pops up somewhere else with another sure fire project, lets say a perpetual motion machine?