Laidlaw Energy Group, Inc.(fka LLEG)

[skunksyard]

ok I'm looking at this (specifically the preferred share section) on the financials

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=45855

referred Stock, Series A, $0.001 par value, 10,000,000 shares
authorized, 1,000,000 and 0 shares issued and outstanding,
977,935 977,935 995,065 995,065
respectively.


then from the website:

Other Equity Securities Outstanding: 10 million Series A convertible preferred shares* held by management. These shares afford management with a 60% majority voting control over all matters requiring a shareholder vote. The Company also currently has stock options outstanding issued to management representing 95 million shares. ( OF COMMON????? PREFERRED??????)

http://laidlawenergy.com/Investors

and NOW he's issuing NEW GROUP OF preferred SHARES

http://www.otcmarkets.com/stock/LLEG/news

The sellers of the Susanville plant are Renegy, Inc., an entity controlled by Robert M. Worsley, founder and former Chief Executive of SkyMall, Inc., and Nature Energies, Inc., whose ultimate parent is Hanalei Renewables, a successful French renewable energy company. Both companies will become equity holders in Laidlaw Energy and will be issued a new class of preferred shares.


*WHAT IS THE CONVERSION RATE????????