I think holding that money tight to prove to the SEC they have successfully completed a project as advertised would be the prudent thing to do
The SEC could not give a rip about the operations of Laidlaw Energy. They only care about the publicly traded security LLEG. Whether a project is completed or not is also irrelevant. Similarly, compensation or dividend amounts are irrelevant as long as they are properly accounted for and reported as required. Yes, if LLEG misrepresents something, then they are in dodo. But what does "as advertised" mean? Have they made a commitment or said something promissory that they may not be able to follow through on?
The SEC does not care what a company does business wise, what business they are in our how they pay themselves, as long as they meet the security laws as they pertain to the public security LLEG.
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