Replies to post #101073 on Laidlaw Energy Group, Inc.(fka LLEG)

[Red2Profit]

Mike should say, "Gimme my money B". How can they do this? Doesn't make sense. Finally a PR let's hope good PRs are to follow.

[Grozny]

$5M to LBP, $5 to other parties which owned the other 50% of the project before the equity sale. I wonder if Newco paid the other 50% in full.

[sunspotter]

A couple of observations/queries about today's PR, which is by any light disastrous for LLEG True Longs©:

Am I right in thinking that at one time Bartoszek was an officer of "NewCo"?

"NEW YORK, Sep 16, 2011 (BUSINESS WIRE) -- Laidlaw Energy Group, Inc. (Ticker "LLEG") (the "Company") announced today that Newco Energy, LLC ("Newco"), an affiliate of Cate Street Capital of Portsmouth, New Hampshire, has refused to make a payment of approximately $5,000,000 to Laidlaw BioPower, LLC ("LBP") that is required under the Purchase and Sale Agreement dated as of August 27, 2010."

If so, is he still an officer? Is this a way of channelling monies to individuals as opposed to LLEG shareholders?

Secondly, the small matter of certain small adjustments that result in $5 million miraculously shrinking to less than $2.5 million:

"After certain adjustments, the amount of the payment that the Company should receive is estimated to be between $2,225,000 to $2,375,000."

Is this connected to the accounts receivable item of nearly $3 million shown on the last LLEG "financial statement"?

http://www.otcmarkets.com/financialReportViewer?symbol=LLEG&id=45855

In short, I wonder if LLEG has received any cash whatsoever for its involvement in the Berlin BioPower project.

I am not so sure that those who say there has been no intentional fraud by Bartoszek or LLEG's other management are correct. The more we find out, the fishier it looks.

In the meantime, we should all congratulate bearspread for his highly accurate prognostication of the amount that would have been due to LLEG if Cate had ever actually paid it.

It will be interesting to hear Cate Street Capital's side of this argument and why they are withholding this payment.

I suspect the answer will be very illuminating.

[discreet_suffolk]

Mike better gets this ship in shape. Noone wants to deal with a company who can not pull itsself up by their boot straps.

Now we know why there was heavy volume the other day.. CAN THE SEC say insider knowledge ;) If i was the SEC look at all the trader for that day.

Lets go MIKE time for action, 3 months is long enough.