Laidlaw Energy Group, Inc.(fka LLEG)

[DragonBear]

bear, the authorized increased from 3M to 9M

You mean B not M.

Yes it's authorized shares, which covers the 2.4B float, a full hypothetical preferred conversion bringing it up to 6.3B. Presumably a good portion of the 2.7B remaining is to cover Susanville. The assumed baseline share cost of 0043 yields 581M common shares at that price to cover $2.5M. I couldn't find it, but surely there is a provision for more shares to be issued to Renergy et al if the PPS never recovers to 0043(?). If not then Renergy is in for a long long wait, and deserves it.

What should be noted is that the float was increased in steps before the most recent 9B. Bart was sooooo kind as to tell his stockholders - or was this part of the unregistered share issue with the SEC?

None the less any future revenue, and calculations of accrued value need to be applied to a an immediate 6.3B shares, which will be diluted up to 9B over time.