Replies to post #97704 on Laidlaw Energy Group, Inc.(fka LLEG)

[DragonBear]

none of my conversation surrounding stock references the voting rights

In a round about way it has been about voting rights. You can't control or majority own a public traded compamy without ownership and control over the shares.

The difference in our positions as I understand it is:

You are trying to plug in 70% ownership, or 60% control and extrapolate that out to the common shares the preferred must be convertible with 3B common shares representing the 30%. Thus you end up with a future mega pile of 7.3B dilutionary of common stock, with managment owning a potential 5.1B in the future.

My position is the 10M preferred shares don't even have to be convertible. Their structure could be set up as to give their voting weight 60% control, and a resulting 70% ownership of the company.

There's no need to try to find a way for management to have ownership or conversion rights to 60% of a pool of 7.3B common stock. That 10M preferred apparently does the job per their site statements.