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L & L Energy, Inc. Message Board

  • mitchpit11@gmail.com mitchpit11 May 2, 2014 3:28 PM Flag

    Time is on LLEN's Side

    Filing for BK, 5 minuets, few clicks...
    Making reorganization plan, weeks...
    So, what do you think management is doing right now?

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • You don't have to guess what management is doing right now, cause i can tell you.

      They are preparing for the global mediation on the lawsuits on May 6,2014. It's right there in the 10Q.

      • 1 Reply to sheetwise
      • mitchpit11@gmail.com mitchpit11 May 3, 2014 9:52 AM Flag

        Here is some more info:

        US District court, western district, WA Seattle (need Pacer account to see it).

        No. C11-1423-RSL JOINT STIPULATION AND ORDER
        FOR TEMPORARY STAY PENDING
        SETTLEMENT EFFORTS
        STIPULATION
        The parties, through their undersigned counsel, stipulate as follows:
        1. The parties have agreed to participate in a mediation of all related litigation
        before The Honorable Layn R. Phillips (Ret.), tentatively scheduled for May 6, 2014, in
        Newport Beach, California.
        2. Unless otherwise ordered, this action, and all related deadlines, shall be
        temporarily stayed in their current posture to allow the parties to engage in settlement
        discussions and mediation;
        3. If at any time during the mediation process any party believes that sufficient
        progress is not being made toward ensuring a productive and successful mediation, the party
        may provide notice to the other parties that the stay will be dissolved in 10 days, and upon the
        expiration of 10 days, a stipulation and order dissolving the stay may be presented to the Court; 4. The parties will provide an update to the Court regarding settlement discussions
        and mediation efforts no later than May 15, 2014; and
        5, The parties request that the Court enter the order below.

        DATED: March 4, 2014
        THE ROSEN LAW FIRM, P.A.
        By s/ Phillip Kim Phillip Kim, Esq. (pro hac vice)
        Laurence M. Rosen, Esq. (pro hac vice)
        Lead Counsel for Plaintiff and Class´╗┐

    • planning the timing of the PR to maximize the short squeeze.

    • wondering how the heck it got to this.

    • Actually really hard to file voluntary bk when your assts are in China.

 
LLEN
0.0699+0.0088(+14.40%)Dec 26 3:58 PMEST

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