Replies to post #62912 on Laidlaw Energy Group, Inc.(fka LLEG)

[sageofflorida]

Good point Taint- Toxic is a word I associate with "death spiral" financing where the company concerned raises $$ but not at a fixed price. As the market price of the stock declines the amount of stock needed to be issued to raise the required amount goes up.

LLEG never engaged in that type of transaction I'm pretty sure.

The 144 stock that is coming out now is simple equity based financing of X million shares at the mkt price when they were issued. A simple equity finance and really the only way to grow a small company. You either do it one go or in dibs and dabs but whatever method you do it.

If any of us was LLEG CEO we would have done the same thing.

Sage.

[$Money Bags$]

I consider toxic anything that isn't a said strike price. Most stock financing is some what toxic if it is allowed to sell at a discount of x-day moving average regardless of whether new shares issue to fill it. For that matter if the minimum exercisable price is say .0008, they have plenty of room to sell. May not be textbook death spiral, but to the average investor that thinks each day will be the end of the share repopulation it is. I pretty much tell myself it is going to .0001 and now anything above it is a blessing. It'll bottom when it bottoms, we'll all know when that happens.