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Longwei Petroleum Investment Holding Limited Message Board

  • lupisv lupisv Jul 10, 2011 9:46 PM Flag

    AM I DISAPPOINTED?NO...

    Considering the facts,and being a reasonable investor.Always the same rethoric lithany from middle age people that dont have B.A.L.L.S. to show their really identity and hide their faces behind different aliases 2 times a day ... their children i guess have more common sense than the parents,what a shame.I hoped the acquisition would have closed on schedule,it didn't, i believe MOREPAVE was the only poster who understood what maybe went on behind this deal.1}Guys in CHINA there are $1.4 trillions 'DOLLARS NOT YUAN' of loans that are going sour and there is a good chance that the central bank of CHINA has to bail them out, so ,no money for LPH or any other company that trades in USA market.2}Let's presume the seller, asked 10mill free shares to CAI to close the deal,wasnt that dilution?wouldnt then CAI been criticized for not sticking to his word?Therefore the deal was postponed-BFD-.For the very first time I PRAISED THE MANGMT OF THIS COMPANY for the honest way they acted, i say, they advanced $.85 a share and that's really money,at least we know that they did not deposited them in some private bank account.Funny to read Geoinvesting is about to scrutinize LPH,i think what they have to scrutinize is to go to CHINA and start counting CAI'S hair around his white A.S.S.Though i have to wait a little longer so be it,this time around i must say that this MANGMNT is working for the shareholders and NOT for some financial institution.HOO btw who said the auditor wont sign the 10k?You just landed from MARS,i understand it is not your fault,different species different ideas.glta

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    • LUPISV: I look forward to reading your posts because you are an investor in a company, not a day to day trader nor a person who got fried on a scam who is now bitter at everything China.

      I agree that management now seems to have INTEGRITY for sticking to their word of no dilution under $3. It is completely understandable why the Seller got spooked on holding a note when he would have to give up title. Happens all the time (I know from experience). I also hear from sources that getting financing in China right now is very difficult and getting very expensive. Forget about how many loans have been done recently, little is going to China companies that are not state owned. There are Chinese RTOs who cannot borrow on their line of credit, even though it was approved and in place.

      Unfortunately, this board seems filled with traders who aren't invested in a company, they trade a stock and have short term view. If all goes as expected, we'll soon have a Company with >$1 EPS that will likely grow about 20% per year in a solid industry. The little 20-share day traders will be replaced by large institutions at some point. I can wait.

      • 2 Replies to johnedwardstitch
      • It's refreshing to read your point of view as an investor and not the skewed view of a daytrader looking to cash in their position at .35 cent profits.

        The bottom line is that with the addition of the third facility, future expansion is allowed to be made without debt because of the enormously increased cash flow.

        It's a valid point that the seller may have wanted a lot of shares to close this deal and Mr. Cai didn't allow the dilution to occur. At the current rate of growth, we should close by October/November imo.

      • Lupsiv, thanks for your post. I would hope that we have learned that if the Bank of China decides to bail out loans, then Chinese market will skyrocket. You don't fight the fed.

 
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