Laidlaw Energy Group, Inc.(fka LLEG)

[sageofflorida]

Berlin valuation. Earlier this week I asked a contact of mine in a bank in London that has an alternative energy specialisation to review the Berlin deal.Obviously he only had the public information available but he could make some informed estimates using plant size and cost with industry norms for supply revenues. FWIW he concluded that Berlin could be worth around $40 million at point of signing as the PV of a discounted revenue stream starting 2 years hence. He just couldn't understand why the stock was valued at $2 million or so., particularly as the supply contract was signed with the biggest REC in NH and was for 20 years. Normally these agreements are for 3 to 5 years he said. Even if his numbers are a bit "off" there is still a HUGE discrepancy betwen mkt cap and PV.

He did ask me what I thought LLEG might do to correct the gross undervaluation. One obvious route is a quote on a better exchange- OTC is in hand of course.

For my own part I think once Berlin is signed finally the company will get approaches of various sorts. I know my friend in London wants to talk to MBB now. This stock is just too undervalued to remain here. One thing my contact did say was that on financing deals that he has done in this space he provides for the main funder to lift out and repay and development funding that the company invoolved ( in this case LLEG) has paid thus far. I have no idea if LLEG's agreement provides for this but if it did it would of course put hard $$ back in LLEG's balance shhet.

Finally I told him about the other LLEG projects and he is going to do some "digging" on those when he gets a chance.

GLTA,

Sage.