Replies to post #101043 on Laidlaw Energy Group, Inc.(fka LLEG)

[DragonBear]

Management had established credibility with multiple sources and have obviously enhanced this credibility by successful conclusion of their efforts re Berlin project.

This is true. I have not ever believed this was a straight out fraud.

True no outright fraud, but misleading stockholders into believing LLEG is an energy company, when it's a Project Management company in the field of renewable energy lacks a lot of credibility. That ties into your idea there really is no reoccurring revenue at present.

Neither is credibility gained, when you hide all your company activity from stockholders. For example, what do we know about New Bedford? Not much of anything.

When I think of "credible" management, I think of management extremely transparent with its stockholders. Able to make earnings estimates, stating specific numbers, and then deliver on them. Any such history here?

With about 600 million shares left in the "total authorized"

You must be counting in the 95M of stock options? Which of course we do not know the option price for.

I can't see how future deals can be done

Unless the PPS comes back to 0050 the likes of Susanville is dead. Renergy had $3.5M invested dating back to 06(?). Since then they have gone thru bankrupcy, and been bought by a French Waste company. It's difficult to envision them just handing over assets, with a LLEG promise of payment deferred N years. The 600M shares are worth $480K at today's 0008 price. Hardly enough for any project.

and giving the preferreds room for conversion without more dilution

IMO worrying about potential dilution through preferred conversion is a non-issue. If my math isn't off conversion of the preferred against the current 3.4B float would ultimately yield a 8.5B float. No way for management to get their money out of that mess. More likely they would just dissolve the company, with the preferred only second in line behind any creditors.

For now more important for management is to retain absolute control via their preferred shares. No need to give up that control, or endanger their once every 5 yrs payday.