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Longwei Petroleum Investment Holding Limited Message Board

  • claefanortnorq claefanortnorq Dec 5, 2011 8:03 PM Flag

    SCOK dilutes, LPH values shareholders

    Seeing SCOK's $120,000,000 dilution today,

    makes me appreciate even more that LPH valued their shareholders by:

    1st. - promising not to dilute under $3.00 per share
    2nd. - actually rescinding the shelf registration
    3rd. - about to complete a huge acquisition with cash

    This one acheivement, as RR has been pointing out, will scream that LPH management 'gets it'. The next three weeks, if we get the 'one-two punch' of acquisition completion and a published tax recon, will no doubt go a long way in establishing LPH as a flagship in the US Chinese sector. Make us proud Mr. Cai.

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    • SCOK is so unworthy when you consider that in 10 months, LPH will have zero warrant overhang, $3.80/share estimated book value (probably much more when Haujie is included), a possible senior listing announced by 2013 (my speculation), a dividend in the last quarter of calendar year 2012, a fourth facility in the cross hairs (my speculation again), and no long term debt. That is my list of LPH goodies.

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