Laidlaw Energy Group, Inc.(fka LLEG)

[skunksyard]

"As of April 25, 2012, we had 81 shareholders of record for an aggregate of 2,456,721,088 shares of our common stock issued and outstanding. Also as of April 25, 2012, we have an aggregate of 100,000,000 shares of common stock that may be issued upon the exercise of outstanding stock options and an aggregate of 3,998,974,009 shares of common stock that may be issued upon the conversion of outstanding shares of our Series A preferred stock and Series C preferred stock. As of May 10, 2012, which is the date when the outstanding shares of our Series B preferred stock will be convertible into an aggregate of 434,782,610 shares of common stock (all of which are being registered pursuant to the registration statement of which this prospectus forms a part), we will have an aggregate of 5,113,801,215 shares of common stock that may be issuable upon conversion of our Series A preferred stock, Series B preferred stock and Series C preferred stock.



We have not declared or paid any cash dividends to date and do not anticipate or contemplate paying dividends in the foreseeable future. It is the present intention of management to utilize all available funds for the development of our business. The payment of dividends in the future will depend upon, among other factors, our earnings, capital requirements, and operating financial conditions."


http://www.sec.gov/Archives/edgar/data/1538492/000114420412024885/v310916_s1.htm