When one shops for a new home and pulls a flyer from the curbside sign. He/she may talk to the neighbors if they are outside, they do not invite themselves into their backyard for a meet and greet BBQ as if they have already moved. This "initial greeting" has already taken place.
Dialog w/ Berlin- I hope a sensible person would not go to the expense of hiring hiring a landscaper to consult on a property that they have yet have rights to, or hire a "Public Affairs" party planner to throw a bash at the neighborhood clubhouse.
The lease back details are a private contract between the parties. The details available are limited to those which the companies release, via PR. (I can't go to the courthouse and take a look at my neighbor's mortgage or lease agreement.) Per the PR on the lease-back, the advantage is the savings of initial capital outlay and has no effect on future revenues.
In Berlin, until production of electricity there will be no tangible assets/product for the Tenant (Laidlaw). The CEO has mentioned an ongoing revenue stream for providing consulting services to other companies, however no figures have been released. Laidlaw's only real property asset (to the best of my knowledge) is the NY site.
Laidlaw Berlin, is the subsidy created for business in NH. The creation of this subsidy if for many reasons, mainly accounting practices(similar to how retail stores divide individual stores or regions for comparison of profit/loss) and liability protection of parent company.
A company is nothing more than a sheet of paper with a tax ID. An idea on paper, filed with whatever Secretary of State. :)
Companies without operations or progressing agendas are called Shell Companies. These shells have officers just like operating companies. These officers set an agenda to either merge with an existing operating company or develop operations. A company that is moving towards operation is a developing stage company. Some shells never develop or merge and the officers lead on investors for years, all-the-while vacationing and earning salary. Laidlaw is a developing stage company. Ironically, many PinkSheet shell's stock are more valuable than LLEG currently is.
Hope this helps and you do not find the tone condescending. This is honestly how I relate these developments to things I am familiar with. TC-ABN
Read everyone's posts with caution and treat as...
