Replies to post #8187 on Laidlaw Energy Group, Inc.(fka LLEG)

[icarus6700]

Cyclone, if I understand the situation correctly, the picture looks like this:

- A NYC investment bank is about to lend LLEG the $45M for Berlin.
- The investment bank has stipulated that LLEG must up-list to the OTCC.
- This move will involve financial auditing, which has already begun, and, eventually, a R/S.
- The PR announcing the loan deal will probably happen before the end of 2007.
- The OTC listing is slated for first quarter 2008.
- The financing should be completed by the end of 2008.

Is this about right?

I have a couple of questions, too. Why does it take 12 months to complete the financing? And, assuming that the financing comes off alright, when would the retrofitting/upgrading of the Berlin plant begin?

Thanks for any light you can shed on this.

[westeffer]

I indicated that I would be very happy with 100 million valuation in 2 years (1 billion x .10). I don't own other utility stocks, but I have never encountered any with a large multiple to earnings so I consider 10 cents per share valuation a reasonable target in 2 years.