Replies to post #100777 on Laidlaw Energy Group, Inc.(fka LLEG)

[fwayneh1]

In fact, the SEC have given three separate reasons for the suspension...

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Either you or the law firm below is wrong. I'm sure you'll say they are. :)

Unlike the Department of Justice, which openly identifies its targets, the SEC staff follows a long-standing policy against providing any information to its targets. If a witness or target asks about the focus, status or target of an investigation, the SEC staff is instructed to disclose only that the investigation is a non-public fact finding investigation and that the staff is prohibited from discussing the status or any potential targets.

http://www.cormorllp.com/html/secpublication.htm

[DragonBear]

Laidlaw's legitimacy can no longer be questioned.

It shouldn't be questioned they are a project management firm capable of generating $5M every 5 yrs. Enough to pay the principals a salary.

LLEG's original "financial statement" showed their supposed initial payment for the Berlin Burgess project as an "accounts receivable", that is LLEG never received the cash owed even three months after it was supposed to have fallen due.

There could have been a trigger built in, such as a viable PPA which only occurred early this year. More interesting was the $1M "Other" unexplained expense on the so called financials.

The only legitimacy to be attached to this company is whatever legitimacy it generates via a 10Q. Short of that there is no due dilligence to perform. For example: What is the stated exact revenues to be realized from New Bedford in Q4? Unknown. How much of the Berlin payment ends up as deferred salary compensation, or to pay preferred stock divys in arrears? How was the preferred stock set up? All unknown.

[powerofthepenny]

I disagree completely.

Of course you do