LLEG (Laidlaw Energy Group) the company we own stock in, sold their share of Laidlaw Berlin BioPower (LBBP), the project, last year for cash, a settlment of a few lawsuits against LLEG (with cash settlements) and what we hope is a share in Burgess BioPower LLC (BBP ex NewCo Energy LLC) the group of investors that own LBBP.
I think LLEG is fairly isolated from what happens to LBBP because we have already had the suits settled and received an amount of cash. The only connection I think we have to the Berlin Project is a small share of BBP. Supposedly LLEG has taken the cash and is investing it in two projects in MA. The success of LBBP will give LLEG some future annual income but if LBBP fails it won't be a disaster because the two MA projects are LLEG's future not the Berlin Project.
This info is not from Mike Bartoszek but from various sources that are indirectly connected to the Berlin Project. I think it is fairly accurate.
What agrevates me no end is people who use LLEG and Laidlaw Berlin BioPower interchangeably. They are two separate companies. LLEG is a publicly owned company and LBBP is a private company owned by a group of investors.
It's my opinion LLEG stock is going to continue to grow and make us money but with a very steady growth rate. There are people who post here that would rather see sharp spurts of growth followed by sharp drops because it fits their investment strategy. I believe some of these people purposely mix up the names to increase volatility of this stock.
