Laidlaw Energy Group, Inc.(fka LLEG)

[DragonBear]

To my knowledge I think Grey Sheet stocks

I'd be interested in seeing any SEC rule which freezes Grey stock structure - the environment of a Grey stock to me remains ... well grey. ;)

I couldn't find anything where the SEC can prevent the company from going private. For example management showing they invested $3.8M in the preferred stock, with total current equity worth of the company $3.8M. Can the SEC tell Bart he can not extract his initial investment in the compnay? If taking it private is also blocked, management can always just do a slow bleed out of the company. Who gets to determine managerial compensation? The preferred stockholders. As long as it's at the going market rate, how can the SEC object?