Replies to post #102241 on Laidlaw Energy Group, Inc.(fka LLEG)

[DragonBear]

anyone think the issue here might stem from the news and huge gains we had in the a couple years ago in relation to homeland energy?

i just dont think the sec moves that quickly that this is related to susanville or the lame pump in may

IMO the principal red flag for the SEC was:

Misleading and inadequate statements concerning the company's function and activities to stockholders. That attracted the SEC's attention. Go back to Jan 09, and you have Bart matter of factly stating Berlin will cost $100M, and LLEG would(implied) own it. Yet in Dec 08 things were already mapping to a Cate Street address.

Concurrent or later on the SEC could catch in a simple screen the huge float and authorized shares of 2.4B, and 3B. Not to mention 70% insider ownership. All are red flags associated with microcap fraud. Couple this into an investigation of Bart's bankrupcy history, and how LLEG itself came into being, along with the Ellicotvile drama.

Somewhere the SEC starts its microcap fraud group, where focus is on pumping. Surprise, LLEG already on their radar gets pumped in May. The pump and stock promotional activities was just the event the SEC could use to easily suspend LLEG. Where all of the SEC's previous concerns about LLEG get addressed. Either Bart comes clean with a 10Q, or the stock stays in the Grey havens.