Laidlaw Energy Group, Inc.(fka LLEG)

[DragonBear]

My gut tells me that we were on the screen of the SEC for quite some time.

If half the fleas dug up by Jon Edwards were alive

http://www.coosconversations.com/2010/04/just-the-facts-maam-.html

Bart himself has been on the radar screen for years, and his reputation of businessman CEO was already shot. I find no evidence JE ever had to issue a retraction of his comments under legal distress.

Bart's mode of operandi when in trouble was to declare bankrupcy, and reorganize into a new company. With the SEC now clamping down on reverse splits back into holding companies, that escape path may no longer be open to him. Bets are if he were to try to dissolve LLEG, with the idea of starting another company issuing N billion shares, the SEC would stop him. Thus he's the CEO of a Grey stock company. A company unlikely to get a good reference from Cate for future projects. Where Bart either has to play the game straight trying to rescue the common shares, or kiss goodbye to ever raising future equity against them.

IMO Bart and gang will take the current equity, and try to muddle through New Bedford for another $5M in 5 yrs. Where they won't worry about the common stock. Allow speculation to take the PPS wherever it wants to go. He could always shock the world and issue a 10Q by the end of October. Given his history, the odds are against it.