Replies to post #95085 on Laidlaw Energy Group, Inc.(fka LLEG)

[DragonBear]

If MBB decides to spend 5 mill

I hadn't thought of that possibility. If this critter tanks hard in the Grey havens, it won't take $5M. It would solve all future SEC problems.

For those experienced in pinko stocks, how often do they go private? Especially while in the Grey?

[sunspotter]

"If MBB decides to spend 5 mill to buy back shares and go private we will never know."

MBB doesn't need to spend any money to take complete control of LLEG's assets. Indeed for all we know he may already have done so.

One way he could do this is by selling all of LLEG's assets to himself, or more likely an LLC controlled by him, for a nominal price.

That's the sort of thing that Pink Sheet CEOs tend to do, but they always forget to notify the other shareholders for a few months or years. That's why CEOs like Mike Bartoszek like the lack of control and transparency that's part of the Pink Sheets.

Another way is by diluting the heck out of the float, perhaps by issuing tons of convertibles that get converted, or by entering into an unfavorable toxic finance deal with associates on the other end of the financing, and thereby making sure the majority of the new shares are controlled by him and his cronies. That's a fairly traditional Pink Sheet CEO tactic too.

Finally (for now) he could go the route of the ol' reversespliterooni and use that to wipe out the private retail investor as I speculated just before all the latest excitement broke:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63812717

Of course, for now, he has other fish to fry, as do the SEC.