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The thought has entered my mind once or twice especially the Florida connection and the "run the flag up the pole" posts.
I'm amazed how many people still read this board. Its like checking the obits in the paper every once and awhile.
So what your saying is its possible that alot of the stock that was sold mysteriously at the end of the trading day in times past was actually LLEG management selling shares. I believe Digiholic suspected this was true at the time and was how he calculated LLEG was making between $40,000 and $60,000 a month trading shares.
I was back in the States for awhile last week and had a phone conversation with a vendor in Portland who also is a potential supplier to the Berlin project. He told me as far as he knows there has been no LLEG involvement in Berlin since late last year. He also said there are very capable Gestamp engineers now working on the project. I just thought I'd pass this information on. It doesn't have anything to do with the situation at hand but its kind of interesting just the same.
Its all paper and I'm sure he get reimbursed for his position as CEO. Bartoszek has been at this for 12 years and nobody can tell me he hasn't made an income from it. "Digi" used to monitor $40,000 to $60,000 a month that he thought LLEG was generating by stock sales. It had to be going somewhere.
Yes but the Berlin Project, as it stands today, is not the same project Mr. Edwards fought. In fact the same Clean Power (Gestamp) you mention is now a 1/3 owner of the project while we're out in the cold.
Thanksgiving is a holiday I really miss. Up here in PEI its just another work day.
I agree with you. Everything I've heard leads me to believe Cate Street and LLEG did not part best buddies, but I'm not saying they parted as enemies either. My own opinion is the Susanville project is not in the same league as Cate Street. I think they have bigger fish to fry.
Maybe all of you should take a look at Cate Streets web page below listing their portfolio
http://www.catecapital.com/Home/Businesses
The company that backed Clean Power was Gestamp. They bought Clean Power and now own 30% of the Berlin Project.
What have you got to back up that theory? Sounds like wishful thinking to me.
I've come to the conclusion any potential gains with LLEG could be years away. I originally invested in LLEG because of the Berlin project which is now gone. The $5 Million LLEG made off the project is a pittance compared to the implied potential revenue from the project that I expected. $5 million is nothing in the present economy and can be eaten up very quickly by expenses and payroll. I will be retiring next year and can’t wait years for LLEG stock to move back up. In my opinion this stock is going to remain a pink sheet stock for the foreseeable future and once it moves up a bit I’ll dump my shares and be done with it. This has been an experiment with me and I’ve learned my lesson. I’m out very little money but regret the time I’ve wasted following the Berlin Project.
I rode my shares all the way up and all the way down like a chump.
Interesting thing I had confirmed to me yesterday by my source at PSNH. Clean Power / Gestamp owns 33% of the Berlin Project. If you notice the "know-it-alls" on this board who spent their time knocking Clean Power are no longer posting. I thought CPD/Gestamp owned a share but I was surprised its 33%. LMAO I think its a riot the "little train that couldn't" ended up with 33% of a $250 million dollar project and LLEG ended up with peanuts.
I've learned my lesson in my one and only investment in the Pinkie world. When a company doesn't have to file an annual report there's no way to do proper DD. From now on I'll let the Day Traders play with the pinks.
Why weren't we warned the website had been hacked? What happened to the people who actually contacted Flatt? Were they taken advantage of? Anyway, why would someone hack a website, which I believe is illegal, and include their name in the contact email address.
I remember that period. He posted constantly and sometime it seemed like 24 hours straight and then one day he was gone. It was during the same time that the "Dwight Flatt" showed up on the Laidlaw webpage.
I guess Flatt was involved with Magnum d"Or Resources (MDOR) and is accused of being given stock by MDOR, running the price up, than returning profits to MDOR disguised as loans. Flatt was runing a company called "Best Stock Promoters" at the time. I've doing a lot of reading up on the guy today. Supposedly Chad Curtis was a corporate officer in MDOR. this is an interesting post I found on IHUB today. At the bottom they discuss the various alias' Curtis operated under. Very interesting.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33860674
This may be a coincidence, but about a month prior to the SEC's action against LLEG,a person identified as Dwight Flatt, was subject to a complaint filed by the SEC:
http://www.sec.gov/litigation/complaints/2011/comp21951.pdf
At one time a Dwight Flatt was listed on the LLEG website as the informational contact for LLEG. Someone on this board pointed out the connection of a person with the same name, to a Chad Curtis in Florida who was having issues with the SEC. This Chad Curtis has since been identified, on IHUB, as the person who used the alias MBBLLEG on this board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31688096&txt2find=mbblleg
Whether or not it was the same Dwight Flatt I can't say but posters have claimed, on Byte&Chew and on this board, that they were one and the same. If I remember correctly, within a day of all the posting activity the name dissappeared from the LLEG website.
Another member of this board pointed this out to me this morning in an email. I'm just putting it out for discussion. Is it possible there is a connection between LLEG's SEC difficulties and this Dwight Flatt's problems or is it just a coincidence that both SEC issues popped up within 30 or so days of each other??
You guys should pay me to stay away. It seems everytime I'm on the road with little time for the internet something positive happens. Let the bidding start!
News about Mass RECs(From NHPR)
(Even though it may be meaningless to LLEG at this point)
Massachusetts is expected to announce new rules that will raise the bar on the definition of green energy.
NHPR’s Sam Evans-Brown reports that shift could cost NH electric producers millions of dollars.
Massachusetts is on track to pass new regulations aimed at cutting the amount of greenhouse gasses going into the atmosphere.
The focus is on power from biomass – basically, burning wood to make electricity.
Dwayne Breger of the Massachusetts Division of Energy Resources, says there are two good reasons to get the most out of every tree.
Breger: We have a limited resource of biomass material available to us through sustainable supplies, and we really want to reduce the carbon debt associated with the use of this biomass, we want to use the biomass in the most efficient way that we can.
The new rule will require biomass plants to burn at 40 percent efficiency or more.
That bar is too high for every substantial producer of wood-based power in New Hampshire.
The Public Service of New Hampshire plant in Portsmouth, Schiller Station, is the state’s largest.
Company spokesman, Mike Skelton, says what Massachusetts has in mind will make a difference.
Skelton: depending on what the final product is it’s certainly a possibility that Schiller would no longer qualify to sell RECs in Massachusetts, and MA has been one of our primary markets to date.
Those things Skelton mentioned – RECs – are worth around six to nine million dollars a year to PSNH.
In the energy world, a REC stands for Renewable Energy Credit.
It’s sort of a unit of green-ness that can be sold to power brokers to offset the dirtier energy they sell.
It’s complicated, but at the end of the day, this system says greener power is worth more to society, so let the market put money in the pockets of those who produce it.
The Massachusetts shift means the wood-based power in New Hampshire won’t be green enough to go up for bid in the Bay State.
Eric Kingsley, an industry expert, says generators can still sell their RECs elsewhere but their value will fall.
Kingsley: How far could they potentially drop? With a flooded market it’s certainly in the realm of possibility that they could drop to near zero.
PSNH can absorb that kind of a loss.
But in Northern New Hampshire six smaller, older biomass plants are teetering on the financial brink.
Kingsley says the new rules would push them closer to the edge.
Kingsley: we’d expect those markets to become depressed, potentially to the point where it’s difficult to support ongoing operations.
Together, those plants employ a little over a hundred workers with a total estimated value of 45 million dollars a year to the New Hampshire economy.
One of the groups most directly affected are loggers.
Adam Sherman with the Biomass Energy Resource Council says these power plants buy otherwise worthless wood chips.
Sherman: The further loss of that market would be crippling to the harvesting sector, um, the loggers
Despite that dire prediction, the impact is unclear.
Wood chips represent a small slice of logger revenues.
In addition, the new policy in Massachusetts might not take full effect for a couple of years.
But people in the timber business are worried, and think that Massachusetts is about to put bad policy into place.
Charles Lavesque, a private forestry consultant, thinks that the Massachusetts rules are too much, too soon.
Levesque: So we’ve got existing plants, they’re existing… do you want to shut these down and try to find another way to generate electricity that comes from renewable sources? That’s a difficult thing. No-body wants to build anything. Look at the controversies around the wind-farms.
Dwayne Breger, from the Massachusetts DOER says that though the new standards might be painful in the short-run, they are the way of the future.
Breger: We don’t believe this is necessarily the end of Biomass it’s just going to be a redirecting of biomass projects into generally smaller, distributed Combined Heat and Power units.
The type of plant that Massachusetts would like to see have ways to use the waste heat that electrical generation produces.
They have begun to spring up around New England.
But these plants tend to be much smaller, and it will be some time before they match the demand for wood chips that exists today.
New Hampshire loggers could be caught between the pace of change that Massachusetts wants and the speed with which new plants come on line.
Final approval of the Massachusetts regulations is expected sometime this fall.
For NHPR News, I’m Sam Evans-Brown
I wish we could have invested in John Halle, In 2008, when he was "HH Capital Advisors" he had an office in a rundown office building in North Hampton, NH (94 Lafayette Rd. Unit 9)
Now that he's running "Cate Street Capital" his office is in a fancy building at 1 Cate Street in Portsmouth
He's been the one who has ridden this project right to the top. I was in Portsmouth today and made a couple of stops and took these pics.
You've got to hand it to him - he and the governor are probably the two most important people responsible for the success of the Berlin project.
Doing what with a rocket???????
wings would help.....
Not only not "cut rate prices" but they probably want their pay in cash given the status of the company.
In my years in industry I've seen cases where lawyers and hired financial types have eaten a cool $million in a very short period of time. $$$$$$Billing hours$$$$$$
The cost of the lawyers and accountants and other expenses fighting the SEC has got to be coming out of this money and the longer it takes the smaller the kitty gets and the less LLEG has to invest. Its all a downward spiral.
As far as this stock goes I've given up "anticipating" and the thought of making money. Its now "curiosity" that's keeping me here.
Ask me in 6 months
I thought it was when I bought it. An investment of a few hundred $ grew by 2,000% and now its at a 50% loss. Easy come easy go.
And its official, the stock is now at $0.0001 and I have, as of 4:00PM, lost money on my LLEG stock having bought it all at $0.0002.
thanks - I wonder if this Dwight Flatt is one and the same?
Anybody know who Dwight Flatt is. He used to be the "to go to person" on LLEG's website for information. I heard that he may have been involved in some shenanagans in Florida.
"And he still may once the dust settles and there is a little money in the bank. He could always to it on his own with personal finances but JE probably doesn't have anything worth taking away."
or "he who lives in a glass house shouldn't throw stones"
An example of what I'm talking about is this announcement by LLEG in 2007 was never again mentioned by LLEG:
NEW YORK---- Laidlaw Energy Group, Inc. (OTC: LLEG)announced today that it is undertaking a significant business expansion aimed at creating a vertically integrated renewable energyRenewable 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.
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, as well as 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 investing in the growth of the Company," stated LLEG President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Michael B. Bartoszek. "We believe we have identified two areas for investment that will really take the Company to the next level and we are close to executing deals in these areas," stated Bartoszek.
The Company is currently in negotiations to make its first technology investment and expects to focus on technology that reduces power plant emissions, an area that is expected to offer significant opportunity with the new Democratically controlled Congress increasingly focusing on the environment and Greenhouse Gas 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 (body) State University of New York - (SUNY) The public university system of New York State, USA, with campuses throughout the state. College of Environmental Sciences and Forestry in conjunction with this venture.
Representatives of the Company spent time on Capital Hill last week discussing these new initiatives and the environmental and economic benefits to the region with members of the New York Congressional delegation. The Company is optimistic that it will receive Federal assistance to support these timely new initiatives, which are expected to help improve air quality in the region by reducing the production of Greenhouse Gas emissions known to effect climate change.
The Company expects to provide further updates on the roll-out of these new initiatives in the coming weeks."
Bartoszek had his chance then to sue him and didn't. That in itself says alot. I've been following LLEG stock for over 4 years and most of what Edwards states about projects has a sembelence of truth. I have a file of PR's and other documents where MBB announces many of these projects. This has been one of my pet peeves with him. He announces projects then you never hear another thing about them.
not today
I believed you but not many others did.
Now that's funny!
That point about LLEG complaining, I agree, doesn't make sense if its just a slow payment.
You could be right but I was only passing on what I heard from a reliable source.
Here is a piece of information I would like to share with you guys (and girls). I had a long talk tonight with my Portsmouth source about the Berlin Project. She thought the reason LLEG hasn't been paid is because the fine points of the financing are still being worked out and the money may not yet be available. She also said it's her understanding that the present project ownership is a troika of Cate Street, Gestamp, and a third big investor with Gestamp engineers coming from Europe to oversee the project. She said she hasn't heard anything of a LLEG involvement in the project since late last year.
Remember this is third hand information but it seems to make as much sense as anything else.