Sat, Sep 20, 2014, 3:39 AM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

L & L Energy, Inc. Message Board

  • mitchpit11 Feb 28, 2014 1:20 PM Flag

    Operation Trading Halt Lift: Week 15

    The month of February did not bring any official news about LLEN halt, but it doesn't mean things were not moving behind the scene. Necessary work to obtain answers to Nasdaq's inquiry was being performed.

    Through diligent efforts of active posters on YMB (big thank you, and you know who you are!),
    we got several confirmed activities:

    - EY collected evidence in China and is now doing analysis together with Bartlett and SIC.

    - As per TD Ameritrade, earnings release is scheduled for 3/10/2014 after market close.
    This was also confirmed with the company.

    - Nasdaq is waiting results of FA and SIC (bare in mind Nasdaq is not using their own resources to conduct investigation) and is in constant communication with LLEN. This has also been confirmed with Nasdaq's investigator.

    - LLEN is conducting its business uninterrupted.

    - SEC status intact. Also, worth noting SEC is NOT investigating LLEN.

    We can now look forward to March and much more clarity regarding outstanding issues.
    As scheduled, the company should report earnings around March 10.
    So perhaps one more week of news vacuum. Hang in there....
    GLTA :)

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • can you explain why we need to send a position and email to be in the board. I have been reading in this forum for a while. just not sure what the purpose of the new board is. I have owned LLEN since Sept 2012 off an on. My current holdings have been since Aug 20, 2013 since I bought and sold numerous times.

    • Excellent review but u left out i personally received a message from God that i will gain greatly financially this yr and i assume that it will b because of LLEN. There is a time n place for jokes but this is not it n i would not joke about such things.

      Sentiment: Strong Buy

    • Another thumbs up mitch for another good assessment of our position at this point, only regret I have is we have had to endure 15 weeks of inactivity and I am quite sure everyone here agrees to that. One thing I would like to touch on is the SEC involvement in this case. I had contended all along that the SEC will eventually take action against Geo, and I believe they too are waiting on the FA to get a look at the documents EY has gathered and submitted as what we Hope will be the proof in the end of this halt that exonerates LLEN from all wrongdoing.

      Also, as you had reiterated what another shareholder was told by LLEN. that the SEC was not involved in the investigation, I had thought all along that they might not be involved in the investigation of LLEN or " the request for more information" by the Nasdaq as per the T12 Halt, but they very well could be riding shotgun and already have the goods on Geo as far as "illegal trading activity" goes, but also might be waiting to tie the unfounded accusations to them also as to add a "short and distort" charge to the illegal trading charge. Just speculation on my part, but it would make sense if in fact they made false claims in their report after taking out a "naked short" position, the proof that they lied would strengthen the SEC case against Geo, if in fact, a case comes to light.

      Sentiment: Strong Buy

    • Thanks Mitch. Much appreciated. I do not think the SEC is investigating L and L but do we know for sure they are not? In other words was somebody told this or would we otherwise somehow know if they were?

      • 1 Reply to mcmiller411
      • mitchpit11 Feb 28, 2014 4:40 PM Flag

        No, we do not know for sure how and if SEC is involved.
        What we do know is that SEC was involved in investigation of Jon Carnes (another short seller collaborator of GeoInvesting) in relation to SVM.
        Whether SEC is investigating (secretly) Geo's accusation against LLEN is not known.
        Second, there were few posts if I recall where LLEN's IR mentioned only Nasdaq.
        And finally, I believe we would know by now if SEC investigation is taking place, either from SEC or LLEN itself.

        Sentiment: Strong Buy

    • good summation

0.12-0.01(-4.15%)Sep 19 3:54 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
TC PipeLines, LP
NYSEFri, Sep 19, 2014 4:00 PM EDT
Oracle Corporation
NYSEFri, Sep 19, 2014 4:00 PM EDT