Laidlaw Energy Group, Inc.(fka LLEG)

[sageofflorida]

Good point Taint- Toxic is a word I associate with "death spiral" financing where the company concerned raises $$ but not at a fixed price. As the market price of the stock declines the amount of stock needed to be issued to raise the required amount goes up.

LLEG never engaged in that type of transaction I'm pretty sure.

The 144 stock that is coming out now is simple equity based financing of X million shares at the mkt price when they were issued. A simple equity finance and really the only way to grow a small company. You either do it one go or in dibs and dabs but whatever method you do it.

If any of us was LLEG CEO we would have done the same thing.

Sage.