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Longwei Petroleum Investment Holding Limited Message Board

  • pef1957 pef1957 Jun 3, 2011 2:26 PM Flag

    Occam's Razor

    Thought the video went to great lengths to answer shareholder questions. Upcoming events are cams, new acquisition, and naming of new auditor(who may be going through previous 10k statements now in their DD operation). I got the impression that these benchmarks will take place in June. Independent refiners - would like to know more about those relationships.

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    • At 21:20, Gentry asks Toups if the numbers are accurate and true and LPH's. Toups says yes that LPH has PCOB audit firm; the company has gone to great measures with it's internal controls and systems implemented. The product is highly liquid (no pun intended) and what you see is what you get. LPH has never had a default on their receivables because the customers NEED the product.

      At 25:30, Gentry brings up China Integrated Energy and the cams set up which showed the flow of trucks at the facility didn't match the financials, he asks Toups, "to what extent have you verified what we are seeing on the ground and what we are told on the financials is accurate? Toups replied that he has spent time understanding the numbers and business. The CRP system monitors the inflow and outflow of product.

      It's clear that Mr. Cai is CONNECTED within the industry, and the government. This business is beyond simplicity. They were getting proposals at the time of filming this (early May). We are in good hands with Cai.

      3rd facility located 1.5 hours from Beijing, and in a highly industrial area.

      If the pps doesn't reach 3, Mr. Cai is prepared to fund the 3rd facility with cash, and loans. We know LPH isn't going to 3 so ZERO DILUTION!!!!!!!

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