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Re: DragonBear post# 100538

Thursday, 08/25/2011 3:09:38 PM

Thursday, August 25, 2011 3:09:38 PM

Post# of 103308
The process seems to be taking an awfully longtime doesn't. Accounting for all incoming revenues should be a rather easy task, since Laidlaw has virtually no existing flows of incoming revenue. Now that a deal has been reached in Berlin with financing to follow, Laidlaw should be receiving their final payment from the Cate buyout as soon as the NHPUC puts their stamp of approval on the deal with the IPP's. Unless there are other forms of revenue that need to be accounted for that none of us is aware of, then this final payment should be the last missing piece of the puzzle that Marcum will need to complete its audit. I would imagine that the NHPUC has already begun to address the deal, so it stands to reason that the Cate payout to Laidlaw will be made soon. Whether or not there will be a PR from Mike is doubtful. Even if the audit is completed I don't think there will be any PR from Laidlaw until this SEC matter concludes, assuming it can be solved in a manner suitable for shareholders.

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