Replies to post #97609 on Laidlaw Energy Group, Inc.(fka LLEG)

[DragonBear]

"Thus NO REAL DILUTION OF O/S"

Skunk you are trying to make it more difficult than what it probably is.

A company may choose to forego paying a fixed dividend to its preferred shares. In return those preferred shares may be given special voting rights, where their weight on defined issues such as acquisitions or mergers have a weight that far exceeds the common shares issued.

In setting up the company Bart and gang could have structured those 10M preferred shares to have a 60% weight over a future 3B to be issued common shares, in operatonal decisions.

From the bread crum trails presumably Renergy would want what it put into Susanville or approximately $3M. If the PPS would recover to 0.0050 then Susanville is potentially paid for by the 700M authorize common shares sitting on the sidelines. But not at a PPS of 0.0025 (e.g. $1.75M value) and below. If the stock remains down, the difference to Renergy will need to be made up. Either by issuing more stock or guarantee Renergy the difference in cash.