Replies to post #61310 on Laidlaw Energy Group, Inc.(fka LLEG)

[theduffer]

Skunks he won't tell you anything, if we knew the real story we would be scared as hell right now. I would bet all my shares on that.

[mbartoszek]

Fair question. We have done 4 small capital raises over the last few months. I am sure the people who call the TA every day noted the OS increases. Anyway, with three of those transactions I noticed no selling whatsoever and I believe that those investors either continue to hold or to the extent they sold any shares did so in a way that did not impact the market price based on my observation. In the 4th situation, which was approx 30 million shares, I think we are seeing selling pressure from those shares. This is a lesson learned and we would be very cautious about doing business with that firm again based on this experience. I don't like to see the stock price decline any more than you do. The good news is it is not a lot of shares. I have spoken to this investor and asked him to back off, but ultimately that is not within my control.

[mbartoszek]

I might add, and this is just my opinion, but from what I can discern, not a lot of shares are being sold. The market should be able to absorb a couple of million shares a day. The problem occurs I believe when you get a domino effect of sellers exiting the stock because they believe that "dilution is bad" and then you add to that all the naysayers who come out of the woodwork and scare others into selling. I suppose some might say this is a good thing if they buy the shares that are being sold in a panic at a bargain price...

Anyway, I hope this has helped address some concerns and shed some light on the situation. Enough message board posts. Back to work.

Mike