Replies to post #100561 on Laidlaw Energy Group, Inc.(fka LLEG)

[Recovering Stock Junkie]

Not True unless Wikipedia is wrong.

http://en.wikipedia.org/wiki/OTC_Markets_Group,_Inc.

Regulatory status

Pink Sheets is not a stock exchange. To be quoted via Pink Sheets, companies do not need to fulfill any requirements (e.g. filing financial statements with the SEC). With the exception of foreign issuers, mostly represented by ADRs, the companies quoted in the Pink Sheets tend to be closely held, extremely small, thinly traded, or bankrupt. Most do not meet the minimum U.S. listing requirements for trading on a stock exchange such as the New York Stock Exchange. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies.

For these reasons the SEC views companies listed on Pink Sheets as "among the most risky investments"[1] and advises potential investors to heavily research the companies in which they plan to invest.

[TenKay]

If you have any knowledge of SEC compliance you would know that an AUDITED financial report is manditory for SEC compliance

I have plenty of knowledge of SEC compliance and the range of services Marcum could provide. However, as a grey sheet/former pink sheet, LLEG are not required to do anything.

The only thing we know for certain (which is all that many here seem to concern themselves with) is that LLEG announced on their website that they have retained Marcum. There is not even a PR about it.

So again, what is the scope of their engagement? Are they even still engaged? And as it relates to the original post, we are coming up on the 90 day anniversary of their announcement of retaining Marcum. Three months is not an unreasonable time period to expect some result given the size and relative simplicity of LLEG operations.

IMO once we get beyond that, questions about what is happening on that front become more germaine.