Laidlaw Energy Group, Inc.(fka LLEG)

[TenKay]

If they actually wanted to go that direction they could just retire some of the 70% they own

Just to be clear they DO NOT own 70% of the common stock (they own 70% of the equity)...which was a surprise to many here. As of June 14, 2011 they only own about 10% of the common stock. The rest of the "ownership" is in preferred shares which represent 60% of the voting control.

Per the website, the 2.1 Billion of common stock owned by outsiders ONLY represents a 30% (yes THIRTY PERCENT)equity stake in the company.

At this point, I would argue that the common stock is not important to them individually other than its use as a mechanism to purchase a stake in other deals...but since it is now a grey sheet stock headed for trips that use is now in doubt.