Replies to post #99194 on Laidlaw Energy Group, Inc.(fka LLEG)

[TenKay]

If they actually wanted to go that direction they could just retire some of the 70% they own

Just to be clear they DO NOT own 70% of the common stock (they own 70% of the equity)...which was a surprise to many here. As of June 14, 2011 they only own about 10% of the common stock. The rest of the "ownership" is in preferred shares which represent 60% of the voting control.

Per the website, the 2.1 Billion of common stock owned by outsiders ONLY represents a 30% (yes THIRTY PERCENT)equity stake in the company.

At this point, I would argue that the common stock is not important to them individually other than its use as a mechanism to purchase a stake in other deals...but since it is now a grey sheet stock headed for trips that use is now in doubt.

[DragonBear]

Yeah, that's a bit of a stretch

Knowing this will be ignored

Actually demented you seem very realistic in your expectations. Free shares on the house, and lower resulting emotions.

Let go of hoping for a crazy thought of a buyback or grabbing pitchforks an torches in the form of keystrokes and chasing villains down. It is what it is.

I agree that has been the emotional response. First it was just a mistake. Then the fault of the evil SEC. Later came the evil greedy IPPs. Now it has graduated to looking for the turnaround miracle.

Don't be afraid of the dark, just wait until we can see what is going on and assess the damage then

If my read is correct, the darkness will continue indefinitely. New Bedford will continue, with no comment about it. Phone calls to IR will be told they are busy on uplisting. Why issue a PR with the SEC watching that might impact previous high expectations built up over years, when silence is much safer? Any risk to silence? None at this stage.