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I have to agree. Communication is not a strong point of this Company. Shareholders deserve some respect after what they have endured over the last three months.
Learning about Company affairs via the local newspaper is not the way to run a public company.
Sage
It not a simple audit it is a form 10.
Are you familiar with those and the length of them?
Thank you crooner. Your kind words are appreciated.
Such an event certainly puts the ups and downs of business life in perspective.
Sage
Reverse- I think we should give this a little longer and see what transpires. I have a feeling there is more to come yet.
Sage
And discreet once the situation in Berlin gets resolved via a vis the smaller power producers- which it will imho without the Supreme Court getting involved LLEG will get its second cash payment.
That could boost the price appreciably imo.
Sage
Ed's input is available to anyone who contacts him. He is IR after all.
Sage
Texas- I suggest you contact Ed. He can explain all the facts.
Sage
I am sure a full and comprehensive statement will come when they feel the time is right. Ed told me they have been working to address all of the SEC issues raised and once those are all covered I would expect a statement. Better to clear everything up and then make a statement saying that, rather than rush something out that is incomplete imo.
Sage
I have found Ed Myers to be very helpful in recent days.
I would encourage any shareholders with questions to contact him.
Sage.
I would suggest that anyone who takes such advice needs to realise that the answer that you will get depends upon the question you ask. If someone poses the question regarding the odds of a pink sheet stock IN GENERAL that goes to the greys coming back to the pinks, they will get a general answer 'not very good" . But asking that question isn't at all the same as asking for an opinion on LLEG as an investment. That question poses a much deeper investigative process by the attorney/securities adviser where he she has to analyse the the Company, its operations, its prospects etc etc. Quite a big job.
I'm not saying don't take advice. Rather I'm saying realise the answer you get will depend on what precisely you ask and bear in mind it is very much easier for an adviser to say "sell" -than anything else. A hold or buy requires much more DD.
Sage.
I am with you King on that reasoning.
There has been a lot of supposition and innuendo but no hard evidence of anything that would cause me to sell. THis might happen- that might happen doesn;t cut it.
If the price is right I will be buying on Tuesday.
Sage
Here is a thought- maybe MBB took the decision to sell LLEG's interest BECAUSE of the cost estimates? In other words a better return on the sale proceeds could be achieved on other projects and spread the risk?
Also alternative energy projects ALWAYS have a high debt structure. The reason is that they are set up around a lease and the lease payments are tax deductible. This is especially true of wind power projects but applies to all renewables.
Sage
This sort of structure is quite typical in renewable energy projects- nothing unusual in the Berlin Station structure. I have seen much more complicated.
Sage.
I think you should just wait and see how things work out Tap before committing hari kari.
Sage
Let's see if we get a full statement of clarification tomorrow.
I feel we might. One is needed I agree.
Sage.
No one here REALLY knows what the extent of the SEC's interest in LLEG is. If anyone did know I'D question how unless they were involved in the process somehow such as them having contacted the SEC with input to alert them.
So everyone is shooting in the dark to varying extents. They might have good theories based on experience but they don't actually KNOW.
So in those circumstances I would encourage everyone to await an official statement from MBB or his lawyers.When we have that we'll know where we are.
Sage
I would suggest to everyone that they keep an open mind on recent events until more facts are known and in particular we hear from Mike or LLEG.
It seems to me a lot of extreme scenarios are being put forward. Let's wait for the FACTS- my hunch is that they will be nothing like as dramatic as some are suggesting.
Sage.
My hunch would be a statement from LLEG or its attorneys today or tomorrow.
I just feel that Mike would wish to set out things as he and LLEG see them.
Again my guess- and it is no more- is that Mike and his team will be working closely with SEC right now. That is the obvious way to go.Discuss and take care of problems.
Sage.
Everybody is free to believe what they want to believe.
My view is that this whole matter probably relates to issues that involve no wrong doing by LLEG. More that they are caught up in a general tightening against Pink Sheet companies. THere are probably some points the SEC have found that they feel should have been handled differently or better, but that no financial wrongoing or false statements have been made by LLEG
Just my opinion.
Sage.
99 lead- I was referring to the comments being made here- not the SEC suspension. The former are pure speculation- the latter is a fact.
Again I suggest we defer judgement of who has done what until we get the facts.
Sage
Rather than people advancing opinions based on nothing more than idle speculation I would encourage everyone to wait and see what actual news is forthcoming.
At the moment all the banter doesn't count for anything. It is pure hot air frankly.
Sage
One thing that interests me in this matter is the timing.
So close to a Berlin decision.
Coincidence?
Sage
I think we should all refrain from making unfounded speculations until we get some hard facts.
Sage.
Good morning all.
Just looking at recent LLEG news plus upcoming anticipated releases makes it clear to me the share price will be trending up.
Regarding the recent spate of negativity from some I can only presume that for various reasons such an uptrend would be against their interests. My prediction is that once Berlin is signed off on and construction starts most of the negativity will vanish.
In the meantime I would encourage true longs to focus on the hard progress being achieved. Once Berlin is finalized I expect the form 10 will be filed and everyone will be able to see the results of Mike's efforts. My hunch is we will see that he acquired a site at a low value, worked upon to create value and against all odds succeeded. He then passed on part or all of his interest for a sizeable cash payment +++++. That is pretty classic value creation and spin it anyway you like it is ultra smart.
Sage
No Johnny. These pref shares could be specific to the one project. THey could have all sorts of conditions relating to them. They are nothing to do with the basic ordinary stock units.
Sage
TAP with respect you are confused.
THe AS is ordinary stock- today's deal is preference stock.
Different class of security.
SAge,
I prefer to stick to the facts. Not make statements without any basis or back up. Such comments are of no value.
LLEG have acquired a plant that will produce $8 mn- $9m a year and is signing a long term PPA. Fact.
A decision on Berlin is imminent- it is becoming clearer by the day the project will be approved.
I think shareholders should focus on actual achievments and see LLEG is building a national power generation portfolio with growing revenues. That and the uplist are tangible facts. Not news to be deliberately misunderstood and twisted to a negative conclusion.
Sage.
In simple terms moore it is better to own 1% of MSFT ( after havng been diluted from 100%) than 100% of your local corner store that repairs PC's
Sage.
I don't have the strong adversion that some posters have regarding a company diluting. I am talking in general here.
Providing the new issued stock ENHANCES earnings per share that in my book is fine. Providing the dilutions are not extreme in size and the use of proceeds are directed towards a highly speculative project. It goes without saying that dilution to "survive" ie pay salaries and the light bill etc is NOT good at all.
Restricted stock ( preferably for 2 years) or even a different class of security are viable alternatives. The security can be specific in a particular project and not in the holding company generally.
Companies grow by debt or equity- theren't any other alternatives. The tooth fairy isn't a route sadly.
Just a thought/////
SAge.
48x 49 7.1 million bid at 48
Personal comments regarding people here their reasons for being here and their abilites will be deleted as breaches of TOU.
Please govern yourselves accordingly.
Sage
I agree belle. Holidays coming up fast but next week the news will start imho!!
Sage.
This stock has a much better feel today I believe.
The volume looks more "genuine" and the bid depth has improved.
A few more days like this and we'll be back over 0.005- believe me!
Sage.
I just got around 250000 at 44- partial fill only.
Sage.
Just a reminder- please keep posts on topic. LLEG- the stock and the Company business.
Posts about other people, their motives in posting or the reasons for their presence here/actions will get deleted as a breach of TOU.
Thanks!
Sage.
I tried to buy on the mark down at 41
Not much luck:(
Sage
Usually Gmenfan in the open market like any other investor. They can go to a broker and ask them to show any worthwhile offers of stock to the company or they can just do an open market operation- basically go into the market and buy. Many large companies do buy backs regularly- Exxon is one- Intel is another. The effect on the share price of small companies for buy backs can be more noticeable than for large ones.
Sage.
Personally I wouldn't rule out a buy back AND a move to the OTCBB. Frankly I believe it would be smart to do both. A buy back currently and THEN the OTCBB move as the filings are completed. Once we are off the pinks the share price will appreciate anyway but a buy back will mean fewer shares in issue at that point.
Shareholders would reap the benefit of shares being retired to the treasury at what will turn out to be very low levels.
Sage.
Re PR firm. I know a few people have remarked the need for LLEG to hire a good PR firm. I suspect Mike would agree 100 per cent. The problem is actually finding one. It is not at all easy to do- PR firms appropriate to small public companies are few and far between. Some just exist to inflate the share price short term in a blatant way with little regard for the fundamentals- the SEC are looking closely at these type of outfits. If anyone knows a good solid PR firm that has a track record and a familiarity with the alternative energy business, and caters to smaller public companies, I would strongly encourage them to make the name known.
Sage.
Exactly purple. Edrest have not signed an NDA
Laidlaw, as a party in the actual transaction via MBB has.......
Sage.