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March 28, 2008

Comments

jonathanedwards

The following is a link to a blog which focuses a great deal on Laidlaw from an investor's perspective as he/she watches things unfold with Berlin citizen opinion, vs. Laidlaw investor hype. This really provides an unbiased outside perspective of what is going on in the real world of a savvy investor's perspective on things in my opinion. I encourage everyone to open this link.

http://blog.myspace.com/4911685

Allen Walters

Fully funded!! Didn't see that coming, wait a minute.... maybe I did. Now it is time to be polite and work for the best end result for the community. And remember to thank everyone who helped bring Laidlaw here against the will of the majority and the advice of experts. Plant groves of trees not just rows of trees.

Allen Walters

Laidlaw Biomass, coming to a city near you and what are you going to do.

1. Aww shucks nothing we can do.

or

2. Please for the love of ?@#$% plant some trees and make the site look better, at least, than it ever has since it was an industrial site. And rezone and aquire the remaining acreage.


While we all lamented Laidlaws plans for the pulp site we forgot to care about the surplus acreage, we still have for a very brief moment, a chance to plan for a differant reality for all of the surplus acreage. Is this going to be a biomass in a grand park and commercial park worthy of a great community or is this going to be a biomnass facility in a new industrial park. We could just pretend that Laidlaw will never get the money and will never really be able to do anything and we can pretend someone else won't pick up their effortsa if they fail....

Allen Walters

awww shucks baby

Jonathan Edwards

Not fully funded but ladened with contingencies that will be hard to meet. Nice attempt to bounce stock value back, but so far has back fired. No real news is good news.

Allen Walters

Fully funded!! Contingencies are standard and most of those contingecies are already negotiated.

Jonathan Edwards

In today's uncertain economy and banking industry, fully funded means I have the bucks in hand to give to the owner. That is not so in this case at all. Though contingencies are standard, money talks, bullshit walks and so far we've seen far more of the latter and very little of the former. With all due respect, and I quote as follows from the Laidlaw announcement the following as testimony that this deal is a long, long, long way from bank approval based on the following contingencies which include environmental concerns.

"The first closing will occur after and if a variety of conditions precedent have occurred, including, without limitation, that Laidlaw Berlin BioPower, LLC has the land on which the project will be constructed under its exclusive control and that HH Capital Advisors, LLC has approved: (i) the lease under which Laidlaw Berlin BioPower, LLC will be leasing the project back from HH Capital Advisors, LLC, (ii) the environmental condition of the property, (iii) the title to the property, (iv) a development budget, (v) a development agreement, and (vi) a letter of intent covering all the major provisions of the proposed power purchase agreement for 100% of the power to be produced by the project. At the first closing $8 million will be funded to be used for the acquisition of the land and working capital in connection with the continued development efforts regarding the project. Laidlaw believes that it has met or can readily meet the foregoing conditions."

In the world of banking this is almost akin to a prequalification letter any Tom, Dick or Harry can obtain before producing any provable qualifications. Nice try, Allen, but I wouldn't put your eggs in the Laidlaw basket quite yet.

Allen Walters

Merely wishing for Laidlaws failure and ignoring that potential for success and turning our backs and failing to plan for mitigation in the event that they are successfull is gosh darn arrogance and will undermine the future of this community more than the Laidlaw project itself. Missing those open doors, those opportunities, is Berlins past and it appears will be Berlins future also.

Allen Walters

The American consumer/resident is at an extreme disadvantage. If a crappy compromise, sprawl, slovenly sin, etc is what you want, you live in a great country. If you belive the hard way is sometimes the best or right way, "You should live in Vermont" my hair dresser Jan once said.

jonathanedwards

O.K. Tom.

jonathanedwards

An urgent message to the owners and reporter of the Berlin Daily Sun,

Barbara and Mark,
The reporting on the Laidlaw company in your local paper, in my opinion, is
missing information that needs to be provided to the community. The "news"
in yesterday's Sun is but another example of failed attempts by the Laidlaw
company to acquire the Burgess Mill Site land. The purchase of this parcel
has been delayed by several months for numerous reasons. The announcement of
yesterday's financing is nothing more than a potential financing package
conditional upon huge contingencies. The Laidlaw company has been sited on
a number of different occasions, but not by your paper, as a questionable
penny stock company that does not currently own any energy producing
facilities, and yet time and time again, the reporting in your paper makes
this company sound as though they are more than viable. Your paper has been
provided with valid negatives as regards this company and has failed to make
those points public. This potentially "proLaidlaw" reporting that fails to
provide huge issues of risk with this company could very well be at the
expense of other very viable companies that are given little to no deserved
coverage locally.

As an advertiser in your paper, on a regular basis, I very much appreciate
our working relationship and I have concerns as regards many issues the
effects advertising one side of the story has on our City. I really want to
meet with both of you on this issue as soon as possible and encourage you to
do some research with ISO New England, meet with the Citizens for a New
Vision Group, speak with Mel Liston of Clean Power Development, and truly
get more of a complete picture on what is going on here. I truly feel this
Laidlaw company is holding Berlin hostage in much the same way the company
held hostage and threatened suit against Ellicotteville NY. My daughter came
home yesterday from a history class stating that her teacher discussed the
inevitability of Laidlaw coming to town yesterday as a result of your
article and my concern for that discussion is that the news coverage is NOT
entirely accurate and is being used to educate our children. The people of
Berlin rely on your paper in many cases for education; when it reaches our
schools and it is not entirely accurate it further concerns me. The Berlin
Daily Sun reporters truly need to share additional information that is
readily available to the community in my opinion. Please let me know as soon
as possible when we can meet to discuss these matters. Below is an
interesting link to some thoughts from a Laidlaw investor on his/her own
blog that should provide you with some of my concerns in a very unbiased
manner. Thanks Barbara and Mark.
http://blog.myspace.com/4911685

jonathanedwards

A 60+% crash is stock value in four days since Laidlaw's "news" of a downgraded highly unlikely leaseback arrangement? And this is considered "Good News" for the company? This is the result of the excitement that comes along with the fully funded good news? Come on now.

I think, perhaps, that when millions of shares sell off after news like this, it's an indication that a sizable number of investors disagree that it is good news. And, in an attempt to bury the poor performance that came with the "good news" it is likely that the 70% controlling interest will start a buying frenzy, (if they are able.)It's the same old game...just another day.

When you're selling stock at the high mark and buying on the low, these PR's can bring predictable short term gains. That's a reason to spread news in hopes local media grabs onto its coattails and runs with it. That's good news for the PR Pumpers, bad news for anyone else that has been brought into a potential game of poker unknowingly. Especially if you're an entire city that impacts the entire county.

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