Replies to post #102641 on Laidlaw Energy Group, Inc.(fka LLEG)

[Recovering Stock Junkie]

I seriously, and I mean seriously doubt that...

[DragonBear]

The only reason bartycon bought the broken down

susanville plant was so he could dump another 3 billion shares to the gallible.

The set up going in was Bart was going for a replay of Berlin. Find a Cate, get a couple million$$$ over 2-3 yrs for a Project Management gig. Renergy wanting to dump the property, gets its money by dumping its shares. Unclear is what kind of PPS they could have received dumping 144M or increasing the float by 25%.

IMO the negotiations were far enough along that Bart couldn't back out when the suspension hit, and Renergy didn't want to. Where the Renergy lawyers saw that the $18K/wk penalty clause for non-registration of the stock was likely to kick in. And in case of LLEG bankruptcy, they would get the assets back. Either that or the Renergy lawyers were idiots, taking worthless stock in exchange for their assets. Sort of doubt they are.

Bart seems to be the one in the vulnerable position. Paying out $18K/wk in penalty for non-listing of the stock, plus $240K for leasing the Susanville land the facility sits on. Having the so called $1M in working capital to cover a potential expense of $500K+$240K.