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L & L Energy, Inc. Message Board

  • bomber1882 bomber1882 Apr 18, 2013 8:54 AM Flag

    KPMG already did due diligence with Kabani before accepting !

    Top 4 accounting firms previously were taking on NO chinese related companies..that says it all!

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    • LLEN wouldnt take on KPMG if their books were not clean.

      • 2 Replies to bomber1882
      • This is a very good sign. It also establishes credibility and legitimacy. This could pop to the 5 range right quick.

        Moreover, the natural gas recovery will help reduce supply levels in the States which will transcend into foreign coal evaluations; along with the dual listing and current profit margins.........Holy Cow, really starting to feel confident about the investment. This could be a 20.00 stock in a few years.

        Good article on JRCC today. Looks like they are starting to pop their head above water.

      • "Prior to acceptance of their appointment, KPMG conducted due diligence in Los Angeles with L&L's independent auditor, Kabani and Co. ("Kabani"), and interviewed L&L's management team in Seattle. KPMG will audit L&L's financial statements under applicable Taiwan Stock Exchange rules, including FY 2013 ended April 30, 2013. KPMG's audit will be for L&L's TDR efforts, while Kabani continues as L&L's US independent auditor."

        I don't know what type of DD that entailed, but it was enough to convince them to take on the job. It wasn't a full audit, but that is coming and when they get done and they get a clean bill of health, hopefully, from a Big 4 firm, that alone should give investors reason to give LLEN serious consideration. Little by little.

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