nice catch...
this is another stock that doesn't run promo after promo so it gets no love from the penny public...its unfortunate because its probably 10000x times better then 95% of the pink stocks out there. oh well....there will be alot of publicity in the next few weeks with the SEC and PUC deadlines looming..once approved this is be in the top 10 for largest biomass projects in the united states....hopefully that fact doesn't slip under the radar.
this is another stock that doesn't run promo after promo so it gets no love from the penny public...its unfortunate because its probably 10000x times better then 95% of the pink stocks out there. oh well....there will be alot of publicity in the next few weeks with the SEC and PUC deadlines looming..once approved this is be in the top 10 for largest biomass projects in the united states....hopefully that fact doesn't slip under the radar.
Laidlaw Energy Announces Update Concerning Acquisitions and Other Matters
4 hours 30 minutes ago - BIZ via Comtex
BusinessWire Laidlaw Energy Group, Inc. (Ticker Symbol "LLEG") released today the following update to its shareholders concerning acquisitions and other matters.
Dear shareholders and friends:
I am writing to you today to provide an update on the activities of Laidlaw Energy over the past several months.
We recently announced the acquisition of the power plant situated at the former Polaroid manufacturing facility in New Bedford, Massachusetts. The former Polaroid facility has been partially redeveloped to house companies that support a greener economy, including a company that manufactures cutting-edge solar technology. The power plant serves the vital role of providing the thermal energy necessary for the manufacturing process of this company pursuant to a long-term Energy Services Agreement between this company and our wholly owned subsidiary, Laidlaw New Bedford Biopower, LLC.
We have now completed the transition from prior management and assumed control of the facility. We expect its revenues from current operations to be included in our fiscal 2011 results.
The near-term goal of the project is to make improvements to the facility in order to make it a more efficient and cost effective source of power for the current and potential future tenants at the facility, as well as to add an electric generation component that will serve the needs of the tenants and export any excess electricity to the grid.
Longer term, we are discussing with potential partners the possibility of including a solar energy component in this and other projects we currently have in development. We are also exploring the feasibility of adding a biomass-power component at the New Bedford facility.
We structured this acquisition as a lease with purchase option in order to minimize the capital outlay required for this acquisition. Once the planned higher efficiency project is closer to commencement we plan to exercise the option to purchase the plant, though it is worth emphasizing that no additional capital will be required nor will there be any shares of LLEG issued. Irrespective of whether we lease or purchase this asset, we will receive all equity cash flows from this project.
Separately, we have concluded the negotiations of all the material business terms with respect to the acquisition of the approximately 14 megawatt power plant situated in California that we previously announced. We are highly confident that the definitive agreement for this acquisition will be executed prior to the end of this month. In the interim, we have identified another significant acquisition opportunity on the West Coast that if completed will give us over 30 megawatts of biomass energy in a market that is legislatively required to obtain 30 percent of its power from renewable sources.
Additionally, the Berlin, NH project continues to make progress and as a stakeholder we remain very optimistic with respect to its future. As you may be aware, the long-term power purchase agreement for this project was recently finalized. Due to matters pending before the New Hampshire Site Evaluation Committee we will refrain from making further public comment at this time, though we fully expect all of the details of our sale of this project's equity holdings and our continued obligations pursuant to certain Management Services Agreements to be addressed in our upcoming filing with the U.S. SEC.
Lastly, we continue to focus great time and attention on our efforts to draft and file a Form 10 registration statement with the SEC and move the trading of our shares to the OTCBB at a minimum. This is a top priority of our company at present and I believe we will accomplish this goal soon, though I must emphasize that this is a significant undertaking but one that I believe will ultimately be worth the effort for our company. We are absolutely committed to achieving this objective as soon as possible.
Thank you as always for your continued trust and support.
Mike
Michael B. Bartoszek President & Chief Executive Officer
About Laidlaw Energy Group
Laidlaw Energy is engaged in the development of independent power plants that generate electricity from renewable resources, with a particular emphasis on biomass power. Laidlaw Energy's mission is to build and manage a profitable portfolio of biomass and combined heat and power facilities through the development of new facilities and acquisition of existing facilities, and in so doing become the leading supplier of biomass power in the United States. Laidlaw Energy is headquartered in New York, New York. For more information, please visit our website at www.LaidlawEnergy.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and LLEG cannot provide assurance that such statements will prove to be correct. LLEG undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE: Laidlaw Energy Group, Inc.
Laidlaw Energy Group, Inc. Edward D. Meyers, 212-480-9882 Vice President -- Investor Relations edm@laidlawenergy.com
4 hours 30 minutes ago - BIZ via Comtex
BusinessWire Laidlaw Energy Group, Inc. (Ticker Symbol "LLEG") released today the following update to its shareholders concerning acquisitions and other matters.
Dear shareholders and friends:
I am writing to you today to provide an update on the activities of Laidlaw Energy over the past several months.
We recently announced the acquisition of the power plant situated at the former Polaroid manufacturing facility in New Bedford, Massachusetts. The former Polaroid facility has been partially redeveloped to house companies that support a greener economy, including a company that manufactures cutting-edge solar technology. The power plant serves the vital role of providing the thermal energy necessary for the manufacturing process of this company pursuant to a long-term Energy Services Agreement between this company and our wholly owned subsidiary, Laidlaw New Bedford Biopower, LLC.
We have now completed the transition from prior management and assumed control of the facility. We expect its revenues from current operations to be included in our fiscal 2011 results.
The near-term goal of the project is to make improvements to the facility in order to make it a more efficient and cost effective source of power for the current and potential future tenants at the facility, as well as to add an electric generation component that will serve the needs of the tenants and export any excess electricity to the grid.
Longer term, we are discussing with potential partners the possibility of including a solar energy component in this and other projects we currently have in development. We are also exploring the feasibility of adding a biomass-power component at the New Bedford facility.
We structured this acquisition as a lease with purchase option in order to minimize the capital outlay required for this acquisition. Once the planned higher efficiency project is closer to commencement we plan to exercise the option to purchase the plant, though it is worth emphasizing that no additional capital will be required nor will there be any shares of LLEG issued. Irrespective of whether we lease or purchase this asset, we will receive all equity cash flows from this project.
Separately, we have concluded the negotiations of all the material business terms with respect to the acquisition of the approximately 14 megawatt power plant situated in California that we previously announced. We are highly confident that the definitive agreement for this acquisition will be executed prior to the end of this month. In the interim, we have identified another significant acquisition opportunity on the West Coast that if completed will give us over 30 megawatts of biomass energy in a market that is legislatively required to obtain 30 percent of its power from renewable sources.
Additionally, the Berlin, NH project continues to make progress and as a stakeholder we remain very optimistic with respect to its future. As you may be aware, the long-term power purchase agreement for this project was recently finalized. Due to matters pending before the New Hampshire Site Evaluation Committee we will refrain from making further public comment at this time, though we fully expect all of the details of our sale of this project's equity holdings and our continued obligations pursuant to certain Management Services Agreements to be addressed in our upcoming filing with the U.S. SEC.
Lastly, we continue to focus great time and attention on our efforts to draft and file a Form 10 registration statement with the SEC and move the trading of our shares to the OTCBB at a minimum. This is a top priority of our company at present and I believe we will accomplish this goal soon, though I must emphasize that this is a significant undertaking but one that I believe will ultimately be worth the effort for our company. We are absolutely committed to achieving this objective as soon as possible.
Thank you as always for your continued trust and support.
Mike
Michael B. Bartoszek President & Chief Executive Officer
About Laidlaw Energy Group
Laidlaw Energy is engaged in the development of independent power plants that generate electricity from renewable resources, with a particular emphasis on biomass power. Laidlaw Energy's mission is to build and manage a profitable portfolio of biomass and combined heat and power facilities through the development of new facilities and acquisition of existing facilities, and in so doing become the leading supplier of biomass power in the United States. Laidlaw Energy is headquartered in New York, New York. For more information, please visit our website at www.LaidlawEnergy.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and LLEG cannot provide assurance that such statements will prove to be correct. LLEG undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE: Laidlaw Energy Group, Inc.
Laidlaw Energy Group, Inc. Edward D. Meyers, 212-480-9882 Vice President -- Investor Relations edm@laidlawenergy.com
-Look at a chart for this stock on pretty much any time frame and you should be able to see potential for a big move. On the daily chart here you can see it’s tightened up and built a considerable base of sideways action, which often implies bullish accumulation. On the longer term charts you can see the stock has made a huge move in the past and has held most of it’s gains, which to me implies that this has just been a break in the action for the bulls, and that they’re waiting for a second round to this long term rally. Whether or not I’m right or not remains to be seen, but in the meantime I’d say it’s a good idea to continue to watch this closely, as a break of this resistance in the upper .004s with volume could trigger a major move.
seems like a pump is beginning on this...think we have good news coming within the next week or two...dont understand the pump unless they want to try to maximize the run when news drops...the CA deal is supposed to be an all stock deal so i would assume they want a high pps to make it take less stock...if thats the way it works
this went bezerk today....+17% on volume 10x the norm...at the close there was 10MILLION shares on the bid which is utter insanity....i have no clue what the heck is going on but it looks like a news is coming, a promo is starting or something....CRAZY DAY TODAY! i expect more tomorrow and TUESDAY!
up another 8% on 20million in volume...orders at the close were one of top of eachother with us closing at the high of the day...we are supposed to have news tuesday, ca closing, another ca project, puc and sec approval (with all intervening parties now withdrawn), construction beginning in july, UPLISTING and just rumored today a French Biomass company buying into LLEG...all of this is literally happening between tuesday and around mid july....
this is going to .01 VERY QUICKLY...my opinion is by july...could be even sooner with the way pennies work....I FREAKING LOVE THIS STOCK! this stock has made MANY PEOPLE on this board VERY WEALTHY!
this is going to .01 VERY QUICKLY...my opinion is by july...could be even sooner with the way pennies work....I FREAKING LOVE THIS STOCK! this stock has made MANY PEOPLE on this board VERY WEALTHY!
no problem...someone turned me onto this years ago from the board when it was still in the triple zeros...made a buck on the the last 2 years back....go back in at .003 for this run and am up over in the 75% range this time...its been a long road but it looks like we are finally hitting the finish line
I hope yall make millions on this stock.
I just cant pull the trigger on a pink sheet no matter what.
Dont mean that this wont turn out OK, but I just cant do a pink sheet.
Im sweeting out the one OTC stock on my account as we speak, thats about all I can handle.
I have seen someone make great money on an OTC stock. Friend of mine is currently rubbing a 7 bagger in my face as I speak.
May Berkshire Hathaway add this stock to its portfolio and every make millions for you guys. Check that, billions.
I just cant pull the trigger on a pink sheet no matter what.
Dont mean that this wont turn out OK, but I just cant do a pink sheet.
Im sweeting out the one OTC stock on my account as we speak, thats about all I can handle.
I have seen someone make great money on an OTC stock. Friend of mine is currently rubbing a 7 bagger in my face as I speak.
May Berkshire Hathaway add this stock to its portfolio and every make millions for you guys. Check that, billions.
well im not going to run off never to be heard from again like kuwlness...im here to face the music....i don't get it...things seemed to be slowly moving forward without all of the typical pink bullshit...the progress made was slow and steady with government agency's, politicians etc etc all stamping it with there seal of approval...i want to think that this is some minor technicality but my experience in pinks leads me to think otherwise....not sure what the strategy is from here on out...
who knows whats going on....the worst thing about these sec investigations is that the investors (the ones hurt the most) are left clueless to wtf is happening...ill update the thread with any new info but this isn't a spot we wanna be in
who knows whats going on....the worst thing about these sec investigations is that the investors (the ones hurt the most) are left clueless to wtf is happening...ill update the thread with any new info but this isn't a spot we wanna be in
just about everyone that has ever invested in this stock is up...everyone has made money...where are the broke shareholders who were fleeced out of their life savings?? well they will be produced now as a result of this investigation...but they sure as hell WEREN"T THERE BEFORE....there' so many pinks that are blatent pump and dump scams where people lose a fortune and those are freely trading....this on the other hand is suspended???? wtf i seriously do not understand......
