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L & L Energy, Inc. Message Board

  • jdl1670 jdl1670 Sep 24, 2013 7:34 PM Flag

    Transparency

    It would be real nice if Lee et al would make some kind of organizational chart of all their little entities and subsidiaries that are listed as the owners, partial owners, etc., of their various operations, or who is listed as the owner and what LLEN's interest is in that particular subsidiary if it's a subordinate position, so American investors can see what's what. They are not a GE or IBM, but a Chinese small cap (yeah, I know they're based in the U.S., but they have zero operations here) so there is a bit lacking in the trust department, to say the least. And why don't they just use the L&L name instead of all these other strange names when they make these deals, like L&L Dapuan or L&L Weishe, etc. The problem is it creates confusion and mistrust when you try and find out what's what and leaves them open to people spreading disinformation, playing on the name game and the language barriers. It wouldn't be that difficult. In fact, it seems it would be easier and save them a lot of headaches in the long run. JMHO.

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    • bitesr@ymail.com bitesr Sep 24, 2013 8:24 PM Flag

      Why don't you guys just read the last 10K filing thoroughly. I recall seeing such a chart provided in the 10K. Apparently Geo didn't read it either or choose to take statements out of context to spread their FUD (fear, uncertainty and doubt). Again, just read the SEC filings thoroughly. I know they are lengthy and boring, but if an ADD sufferer like me can do it, so can you. Moreover, as I also write such documents (for other public companies, not LLEN), I know what to look for and what is required of the officers and directors of a public corp.

      As for the numbnuts poster who indicated that the other failed Chinese companies also created a committee of independent Board members, he/she should know that such a procedure is corporate governance law 101 and only shows a proper response that lawyers are trained to advise their public corp clients. It does not mean that the allegations have any validity. It's like saying that all lottery ticket buyers are winners of multi-million prizes because every lottery winner bought a lottery ticket first.

    • You guys do realize this is the guy that was too tired to stay up for the Q1 CC! And you want him to do what for YOU?!

    • Jd. Please email your suggestiion to Mr Lee

 
LLEN
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