Replies to post #97296 on Laidlaw Energy Group, Inc.(fka LLEG)

[CoolYourJets]

that's not accurate. it's weighted on how preferred stock-holders are paid. i.e. first in line, etc. 3 Bill is the a/s.

[reversetaxman]

That issue is the only thing that really ever bothered me about LLEG. The preferred stock came into play 2 or so years ago when MBB exchanged an advance that he had made to the company for the preferred shares. I posted a number of times regarding this and that it would be important to understand the convertible structure of the preferred shares. Nothing ever came of my concern and to date no one seems to know the answer to that. Preferred shares can take on any form. I did get taken one time when a company was sold and the primary owners converted their preferred shares to common.

[moorewdaniel]

What on earth are you talking about. 6 Billion shares?
Makes no sense

[skunksyard]

the shares of LLEG need to be put out there very clearly to the shareholders....

how many common
how many preferred (currently)
definition of the NEW CLASS of preferred he's issuing for susanville
are there any shares planned for New Bedford