Laidlaw Energy Group, Inc.(fka LLEG)

[DragonBear]

A good example is Ellicottville.

A current example is their Mission Statement.

Laidlaw Energy's business objective is to build and manage a profitable portfolio of renewable energy facilities through development, acquisition, conversion of existing facilities, and though partnering with manufacturing businesses that have significant energy needs.

The problem is the company misrepresented itself, and continues to misrepresent itself. You can't read its Mission Statement, and at face value come up with the idea it's a Project Management firm. Why doesn't the SEC force them to change that statement? Answer: How can they? An objective isn't fact, it's just a goal.

Unfortunately in this case it's up to the individual investor to figure it out, while being misled by Bart. There were a few red flags by the end of 2010. These warning signals were definitely overshadowed by pictures of Ellicottville, Berlin, New Bedford, and later Susanville on the website. Do you remember the occaisonal post which would dream add million$$$ of revenue flow from each of those pictures? Wild predictions the PPS was headed for not only 0.01, but 0.17. Millionaires overnight.

Maybe the real solution is for the SEC to force all OTC stocks to submit 10Qs, or at least a 10K. If the individual investor still wants to dream about pictures on a website, then so be it. But at least most of the smoke and mirrors would disappear.