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

Longwei Petroleum Investment Holding Limited Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • faxedreceipts faxedreceipts Apr 17, 2011 7:54 PM Flag

    Toups / Q & A


    I will ask Question A and F if Clae isn't asking the question. I think it's very reasonable:

    a) Given the outstanding reported and forecasted financials, there is NO obvious reason to dilute further. Suspicion of fraud in this space, is significantly increased when a company attempts dilution financing, when it is not required under typically recognized business practices. Why doesn't LPH simply announce they will 100% finance this important acquisition, and not consider any dilution financing at any price??

    f) Your predecessor at LPH, has recently been implicated in, and disciplined for a number of allegedly fraudulent activities. He is also currently the CFO of a company who has since been accused of misleading and defrauding shareholders. Are you concerned over what may come to light during his tenure at LPH? What actions are you currently undertaking to ensure there are no surprises that come to light during his tenure at LPH?

    This topic is deleted.
0.02+0.01(+100.00%)Feb 12 1:31 PMEST