Just got home a while ago and got caught up on the 300+ posts, 44m shares traded and the crazy roller coaster we went on today. Glad I was gone for it. Crazy day. the weak and worriers sold between 11:30 and 1:30 and the buyers came in for sweet deals from 2:30 to close. Crazy ride. IMO the answer to the question is NO. That question being, of course, Did Mike sell us down the river? I do not think that he is that irresponsible as to have attempted something so brazen as what some, now ex-, shareholders have been suggesting. And if he was, trust me, I will lead the charge to bring a class action suit on our behalf. But, IMO, I do not think it will ever come down to that.
Here is the way I see things playing out over the next 5 weeks and how I plan to handle my shares considering the looming question of how has OUR interest been handled in this matter.
First, under the LLEG ticker, the permit will be granted causing a huge surge in pps. After a 3 day runup on pps, probably in the .02 to .03 range, I might sell off 10% of my shares.
Second, under the LLEG ticker, the PUC will approve the 20 year PPA which again will cause a huge surge in pps. After a 3 day runup on pps, probably in the .03 to .05 range, I again might sell off another 10-15% of my shares.
Third, under the LLEG ticker, with SITE approval and PPA approval, the financing deal will be signed and executed which again will cause a huge run on pps, probably in the .05 to .10 range, at which time I may sell off another 25% of my shares.
Fourth, only after these 3 other events have occured under the LLEG ticker, the consolidation deal will be executed at which time we will learn what the deal is. Do we own a percentage of NewCo? The organizational chart shows no percentages of ownership and Mike has flat out denied that we were sold out of the Berlin operation entirely on Byte&chew. Do we own a percentage of Homeland Renewable Energy, and as such, a part of Fibrowatt, an existing, new, operating, biomass facility? Do we own a percentage of both? Did we recieve a bag and a half of money to help fund the next project and possibly give out a 1-time divi. large enough to spike pps yet again? Who knows aside from the principals of the deal? But we will find out then, after these other events have spiked our pps through the roof. At this time, and only after learning the details of the deal, will I decide what to do with the remaining 50% of my shares. If it is a good deal I hold half and sell half after the normal 3 day runup. If I don't like the deal, then I will get out slowly as to not slam the pps downward, especially if the pps is rising because others like the deal. Time will tell.
I do know this much, Despite sellers having dominated half the day today, just like the rest of the broader market driving most stocks down, for every share sold, someone bought it long. Who? It wasn't us buying it ALL. Most of you know my opinion, I think it was insiders, twice or thrice removed. But that is just my opinion. I do know this much also, before the "news" was made public, just before in fact (funny huh?), we had a sudden and unexpected rise in volume and pps. Why? Too far away from 9/23 for it to have spiked that hard. Someone knew something that was going to be very good news and wanted in before the BIG SPIKE TO COME.
To all those who bailed. Hope you're unable to get back any portion of your position in with us when you realize you made a big mistake, at least not at least for double what you left it for. Nothing ventured, nothing gained.
To those of us remaining, I expect us to now begin climbing back to a level near .0040 now that the unexpectedly large number of shareholders have run for the hills based on rumor, conjecture and inuendo. With mostly brave souls remaining, having weathered a day like today, we are ready to take on whatever comes our way leading up to 9/23. I expect to see the insiders who initially moved us getting nervous that all the scared shares are gone and move back in for larger chunks before we climb back too high for their profitability ratio tells them to back off again. Meaning volume to around 20m per day with steady, slowly increases pps.
I could be wrong, I hope not. Everytime I reacted negatively to a "leak" of partial information and sold based on fear and rumor, man did I ever regret it. So for this one, since LLEG will hold ownership through permitting, ppa approval and financing announcement, I am holding and buying at these chicken little levels and keeping my fingers crossed for the good things to come as I can always sell later at MUCH higher levels. Isn't that what we are supposed to do? Buy low, and sell HIGH. Not buy whenever and sell when U get scared.
Listen guys, and gals, if this plays out as I expect, I will throw a bash for us all. We can ask permission to have the party at the plant or better yet, down by the river on the land CPD failed to act with. lol. We'll get PSNH to string up some lighting and go all night. But for now;
STAY THE COURSE !!!!!!!!!!!!!!!!!!!!!!!
ENHANCE YOUR CALM !!!!!!!!!!!!!!!!!!!!!
KEEP THE FAITH !!!!!!!!!!!!!!!!!!!!!!!!
STAY LONG !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
GO LLEG !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
