Replies to post #102385 on Laidlaw Energy Group, Inc.(fka LLEG)

[kendanzig]

I guess it all comes down to what your GUT feeling is telling you. To me my GUT is telling me that they went through a lot of work to file those forms in an attempt to right the ship. They seem like good people who made some mistakes. But I don't blame anyone else for having a different GUT feeling.

[DragonBear]

Mr. Ed did respond to an email

What are the benefits down the road to doing this, versus the costs they are incurring up front.

With 9B shares authorized, and needing to only account for 6.3B plus the Renergy amount, they still have 1-2B on the sidelines. If Bart can find some party in the future willing to trade cash for the stock, then they need to be off the Grey sheet.

The problem for management, or a Mazuma, or a Renergy after uplisting is how to dump without being noticed. How to sell where selling increases the available float, without the price collapsing. They need a lot of buyers to soak up the increased volume that would be generated.

IMO the only management selling will be the stock options they award themselves. It's possible part of the 1-2B guesstimate could be used for that. The preferred stock provides them with protection. Nothing to prevent them from awarding themselves future divys against the preferred. Why convert away from that set up?