Laidlaw Energy Group, Inc.(fka LLEG)

[rich sears]

“The counsel for the public, represented by attorneys Peter Roth and Allen Brooks asked for more information in a number of areas and indicated they would need to see more before they would approve the project.

Mr. Roth said he doesn't see a business plan, which would be a necessity before the public counsel will sign off on the project. He also said he didn't see anyone within the organization with the experience necessary to raise the funding necessary to move forward.

Mr. Roth came back to the business plan issue: To not have a financial model in your own pocket, it seems a little reckless. Mr. Roth pointed out relying on the market won't meet the SEC's requirement of proving financial viability. He asked if Laidlaw expects to have financing by the time the SEC makes a ruling. Mr. Bartoszek said no, the SEC permit will be an important piece in order to find financing.

Laidlaw responded they are still researching how to best approach sustainable harvesting.”

http://www.newhampshirelakesandmountains.com/pdf/BER.2010.05.12.pdf