I sold a couple mil. Also sold roughly 6 mil since coming to the greys @ .0028-.0033
I sold a mil at .0052 on June 6th, the day before the suspension.
Holding small position now. My avg was & still is .0017
Hindsight is 20/20. Shoulda sold all on 6/6 @ .0052. Live & learn.
I had 2 partners that bought in also. One sold a while ago. The other is still holding a large position of 20mil shares.
I will buy back in later on. Plenty of time. Many other opps to make $$ & come back to this. Had a long convo with Ed & a few email exchanges with Barty since the suspension. The entire, "we're working on things, this is an option we're looking at" got tired. I've always had a prob with the communication with shareholders here, something I brought up to mgmt & IR many times, since I originally bought, in 2008.
I do feel that lleg will overcome this & eventually uplist & move on. Could be years though. SEC investigation & subsequent suspension, lack of details of other projects, Berlin being jeopardized, no filings, financials that don't tell us much, and overall lack of communication & consideration for shareholders is what led me to sell.
On a sidenote in relation to Berlin, one of the ipp's, Bridgewater, is owned by Pseg of NJ, which is where I reside. Pseg is the equivalent of PSNH. They are just as greedy as PSNH. I don't see them dropping their appeal. And can definitely picture them saying that a small-term power purchase agreement just isn't cutting it. That they want cash on top of that. I do not blame Cate St with pulling out.
Anything can change though. Don't think this is dead at this point. Plenty of power brokers trying to make this happen behind closed doors in the 11th hour.
GL to all
AI
