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Longwei Petroleum Investment Holding Limited Message Board

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  • rosebowl@rocketmail.com rosebowl Aug 10, 2012 12:43 PM Flag

    CFO permanently barred by PCAOB from any registered accounting firm

    Yet another dirty trick by Homolulu to scare weakhands into selling him shares cheap, expecting the acq is coming to pass.

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    • Don't kid yourself. There is risk in any stock.

      I sold with a nice profit many months ago after watching the dangling carrot games from April 2011 to January 2012.

      If this goes through, good luck to all. However, the RTO space is full stocks that dropped 80% because things didn't pan out as was promised, not to mention cases where the facts were fraudulently misrepresented.

      Sure there is an underlying business, but no one can truthfully say they can verify the deposits on hand with refinery suppliers or the escrow deposits. In the land of China, inability to verify is part of the game, and part of the risk. GLTA.

 
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