Replies to post #98297 on Laidlaw Energy Group, Inc.(fka LLEG)

[DragonBear]

Either way, whether someone else jumps in,

PSNH buys the project with legislative approval, or rights revert back to LLEG, sooner or later LLEG;

WILL RECIEVE ITS MONEY from BERLIN, one way or another from one source or another.

Cate was only obligated to pay the final payment upon completion of the construction loan, which by definition can no longer occur. Cate met all their obligations. Neither would the transfer of Cate's interest to another party, obligate a 3rd party to pay LLEG a final payment for a completion of a construction loan which has already fallen apart for Cate.

Once again, don't hold breath while waiting for LLEG management to confirm their original ownership rights already sold to Cate back in 2008 will revert. There is nothing to suggest LLEG will receive any additional payment for the Berlin project.