Laidlaw Energy Group, Inc.(fka LLEG)

[skunksyard]

I know the management shares are convertible. I don't think they've released the details of the Susanville shares yet.....

"will be issued a new class of preferred shares" no clarification and secondly how many?


but then I'm reading this:

"Laidlaw Energy plans to refurbish the Susanville plant, a process that is expected to take approximately 12 months and cost approximately $20 million. The cost of refurbishment is expected to largely be funded via a bank loan guaranteed through a program provided by the Federal government, along with a Federal grant for which the project is expected to qualify."

Have they applied for this?

6/2 release
http://www.otcmarkets.com/stock/LLEG/news