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L & L Energy, Inc. Message Board

  • dennisphillipsd dennisphillipsd Apr 13, 2014 12:45 PM Flag

    LLEN TO FILE FOR INSOLVENCY SOON ! YOU HEARD IT FIRST HERE ! !

    GOING TO ZERO . JUST WAIT AND SEE ! !

    Sentiment: Strong Sell

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    • i would think it is a very high probability. all the revenue from the mines was faked and fraudelent and they will show that the revenue of $40 million from the hongxin washing was all fake as the plant was really shut down. even, if there was some revenue, llen had no operational control and will probaly have no access to any of those entities cash supplies to use. on the llen side here, they probably have minimum cash at all as exhibited by the inabilty to pay debts or even pay lee back his $800,000. creditors gave up and sold debt to ironridge who had to sue and they still could not pay. they could not pay the special committee and gave them fraud equity. all they have really are the very questionable agreements that maybe they could sell for minimal amounts when compared to all the lawsuits from the class action, probably ironridge again, sec penalties, and anybody else that ever had a share as the stock was illegally listed on nasdaq so anybody ever obtaining the securities was defrauded as they thought they had legal nasdaq securities. the lawsuits will probably overwhelm them. and very likely others were in on it. especially fong and the cfo. they were either in on it and going to jail eventually or were just token executives used by lee for compliance. the only other scenario is total incompetence by them as it would be hard for fong and especially the cfo to not see problems between the real cash flow reported when the mines and washing revenue was all fake and llen could not pay their bills.

    • Bankruptcy case will be filed in District Court for Upper Uranus. Fraud and libel charges against DennisSyphilis to be filed in Seattle, USA. !!!

 
LLEN
0.1211-0.0004(-0.33%)Aug 21 3:54 PMEDT

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