Laidlaw Energy Group, Inc.(fka LLEG)

[skunksyard]

"Thus NO REAL DILUTION OF O/S"

well this statement indicates their investment in common shares (from the website)

"Float: The majority of common shares are held by non-insiders. Management's ownership is primarily comprised of preferred shares, however management also owns approximately 165 million common shares and 95 million options to purchase common shares."

so to simplify it 2.4bil o/s.....management owns approx 165mil and 95mil options to purchase common shares (from the website)

then yyou get to this section (from the website)

"Insider Ownership: Taking into account all classes of equity securities, management currently owns approximately 70% of the Company's equity securities on a fully diluted basis."

so does it look to you that we own 2.4bil-365mil and 95mil and if Laidlaw (and i want to simplify it here) owns 2.4bil would give each of us 50% ownership(I did this to make a point)....but we have to get to 70% so it looks like
if there are 7.3 bil authorized and Laidlaw owned 5.1 bil (70%) and we owned 2.4bil (a little rounding here)......would cover the 70% fully diluted basis? And....if there is conversion on the Susanville, depending on what that is if Laidlaw still wants 70% they'd have to increase the a/s over 7bil+ to cover those shares?

That's how it looks to me.....what about you? we can assume their shares aren't part of the 2.4bil because their website says they aren't (except 365mil and 95mil)