Replies to post #100358 on Laidlaw Energy Group, Inc.(fka LLEG)

[Dagnoster]

Viva Lleg!

[DragonBear]

Anyone who wouldn't love to turn practically nothing into $5m is misleading

Sorry but my decoder ring is unable to translate that one.

I'm not sure where the $70m figure came from.

It's part of long dreamed of pie in the sky from Berlin with a range of $20M-$70M. Thus the enthusiastic wait for the Berlin project to cure all problems. A $5M or less represents a payday for the Bart gang, nothing more. No accrued value added to the common stock.

There are many, including me, who have no emotional attachment to the stock, but wonder how either side can be argued with so little facts.

Does the SEC arbitrarly suspend and potentially cripple microcap companies without cause? No.

Does a company when under investigation fire its accounting firm, and obtain a new one because it is satisfied it can defend its position? No.

Can a company previously suspended apply for a sponser to submit a 211 without an accurate 10Q, and preferably a 10K submitted? No.

Can a 10Q be considered accurate for LLEG if the final payout amount for Berlin is omitted, because of an NDA? No

Therefore can the company hide behind a NDA, and have any hope of uplisting? No.

There seems to be quite a few facts laying around.

Preferred stock has to convert to common stock and has no value without stock:yes

Incorrect. The preferred stock owned by management most likely was set up with a liquidation value, with no conversion required. We already know it was set up with more voting weight than the 3B of authorized common. Control of decisions, control of assets. If this company declared bankrupcy, there should be no doubt management would collect through their preferred shares, the value of the assets.

The value of the common stock to management is whatever residual value they place on the common shares they own, plus the 700M shares not in the float.