Laidlaw Energy Group, Inc.(fka LLEG)

[TenKay]

Management had established credibility with multiple sources and have obviously enhanced this credibility by successful conclusion of their efforts re Berlin project. Unfortunately the SEC problem must have diminished this status. How badly we will only know once SEC problem is resolved.

This is true. I have not ever believed this was a straight out fraud. Time and effort has achieved something...the value of which is still TBD. I think it was more a case of playing it close to the line and slipping over it.

However, it is pretty clear that the common stock was (and therefore will have to be) part of any "growth" strategy. With about 600 million shares left in the "total authorized" and the stock now in the trips, its utility to do future deals is greatly diminished if not gone.

We also know that LLEG has substantially diluted in the past.

There also does not appear to be reasonably assured source of on-going revenues that will have an impact on PPS. I realize opinions may vary here.

I can't see how future deals can be done and giving the preferreds room for conversion without more dilution?

So what are the chances that part of the clean-up of the mess with the SEC and getting back on track involves a R/S...and I am talking of the 1000>1 magnitude?