Huh? Pay attention morefud, this has already been explained and dealt with. This was even specifically asked on the last CC, which you obviously did not listen to. And why would we not believe what management tells us in this regard? Do they have a record of lying?? On the contrary, they have been straight up with everything to date. I am comfortable with the explanation of why Haujie exists, and why it is now going to be owned and operated by LPH.
You need to leave your computer every once in a while and get out in the real world. Not everything in life can be found on-line, then plagiarized and regurgitated here, so your employers can keep picking up cheap shares.
"...Pay attention morefud, this has already been explained and dealt with. This was even specifically asked on the last CC, which you obviously did not listen to..."
It was not specifically asked, cb. You, apparently did listen to it but didn't absorb any of it. The Rodman analyst asked about generating revenues from a company that wasn't generating any now. Toups was giving his rambling answer to that and mentioned that (now, get this...) some gold mining outfit had it built by Sinopec for - well, I guess they were going to get into the fuel distribution business! And since gold prices went up, they decided to 'only' mine gold and forget about the lucrative fuel distribution business and their $100M investment. That's so stupid, it's worse than no answer at all.
A gold miner coughing up $100M for a pretty substantial distribution depot and then changing his mind? Yeah, I guess... duh. Let's see now... gold didn't crack $1200 until late 2009 when this thing was being built by Sinopec. Then at the end of 2010 with gold a whopping 15% higher, they decide it's just too much bother? Besides, what's a gold miner jumping in to this business on a whim anyway? I thought oil distribution licenses were *so* hard to get? Or did they build a $100M facility without bothering to check on licensing?
Toups answer just makes this more suspicious than ever. I wonder how much everyone made in this deal besides shareholders? Not to mention what the gold miner supposedly paid to get this built - but we'll never know that one. Say, the gold miner isn't like a cousin or brother-in-law of Cai, is he?
"...this has already been explained and dealt with..."
Jeeze... If I only had a nickel for every time some pumper made that claim on a delisted or halted stock...