Laidlaw Energy Group, Inc.(fka LLEG)

[janice shell]

Yes, I have read the article. What I don't get is that the SEC is obviously very concerned about the social media, and the FIRST thing Bartoszek does is Tweet, for God's sake. Not smart. Next, he gives an interview to the Concord Monitor, in which he says vaguely that the SEC is interested in "five things".

Knowing that reporters can and do get things wrong, he was taking a risk. In my view, the proper course of action would have been to work up a PR with his attorneys. That should have been his first--and last, for awhile--communication.

Companies in this situation are not going to sit down and have a cozy chat with the SEC. Chances are LLEG be served with subpoenae asking them to produce voluminous documentation of many things. The principals may be deposed.

Some suspended companies choose not to comment at all; others say something like: "We're cooperating fully with the SEC, and hope to resolve this matter as quickly as possible". Not very meaningful, but where potential litigation is involved, sometimes less is more.