Replies to post #102843 on Laidlaw Energy Group, Inc.(fka LLEG)

[DragonBear]

that's kind of how I read it bear

and why I was confused with the "IPO" wording

The SEC should remove the word "IPO" from that type of filing, and just make it an "amendment" to a previous S1.

IMO it's still a race towards bankruptcy. Where Bart needs a sugar-daddy really quick. A new piece of information is that Q1 2012 generated a $355K loss. A chunk of it in legal, and SEC fees:

Total operating expenses, consisting primarily of compensation, rent, and professional fees, increased $86,923 or 32% to $355,442 for the three months ended March 31, 2012 compared to $268,519 for the three months ended March 31, 2011, primarily due to legal and accounting fees incurred in connection with our filing with the SEC of the Form 10 to register our common stock and of the Form S-1 of which this prospectus forms a part, rent expense for our Susanville and New Bedford projects, and consulting fees associated with the New Bedford project.

Starting with $1.2M in liquid assets, they are down to $850K after just one quarter. They claim to have enough funds to get through 2012. Another tidbit is they have found an arbitrator for their dispute with Chatsworth involving $615K. If they lose that battle, they are toast.

If you're Bart, the focus is finding the sugar-daddy. Up listing won't solve the negative cash flow. Try to figure out a way to dump 3B shares at an ave price of 0.0003 into the market. Where up to now 75 individual investors have supported a 400M liquid float, or 2.4B total float (plus the forthcoming Renergy 434M shares). So Bart has to find a sugar daddy before the remaining $850K disappears. What could Bart peddle in order to get say a $5M cash infusion in exchange for preferred stock? Given his recent track record, how does he attract funding just to survive?