Replies to post #97488 on Laidlaw Energy Group, Inc.(fka LLEG)

[BenchDr]

Can you repost that email - I don't see it in a search. So we have reports that IR said they were NOT convertible, and an email from Mike saying they ARE............

[dilldozer]

And the susanville preferd shares are convertable to what?

[DragonBear]

Yes, the Susanville preferred shares are convertible

I must have missed your post - thanks for the confirmation egrohs. For sure there was no company generated PR providing any details on the preferred shares.

Now comes the fun part the 30-Jun closing part. Did Renergy's French parent really go for the preferred stock in the hope of waiting for a larger piece of pie? Or did they tell their previously bankrupt Renergy step child make it work out in cash via immediate or short term conversion against the 700M authorized shares on the sidelines? If the later you'll definitely see Renergy announcing the deal has fallen through on 30-Jun. If the former both companies will announce success on 30-Jun.

[skunksyard]

maybe you could send him back his response with a link in this post and ask him if his answer is still the same

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64549584