Summary : Beijing time on January 4, Longwei Petroleum on Thursday opened slump, 10:13 am EST and 11:07 pm twice suspension by the New York Stock Exchange, M (stock price volatility is too large suspension for the following reasons ) T1 (awaiting publication for more information). Second before the suspension last transaction price reported $ 0.62, compared with Wednesday's closing price of violence ...
Beijing time on January 4, Longwei Petroleum opened Thursday slump, 10:13 am EST and 11:07 pm twice by the New York Stock Exchange suspension, suspension reason M (stock price volatility is too large) and T1 (awaiting publication for more information). Second before the suspension last transaction price reported $ 0.62 plunged 72.85% compared to the closing price on Wednesday, the day of Longwei oil trading rapidly increased to 1450 million shares from the average daily trading volume of 55.43 million shares.
Thursday a company called Longwei Petroleum the The GeoTeam doubt report in seekingalpha hair and institutions through field monitoring Longwei Petroleum warehouse interviews local residents questioned the measures on their sales out; Taiyuan and Gujiao railway throughout the plant obviously long unused; the Gujiao projects since 2011 has basically been idle; November 9, 2012 - 22 days 13 days without any a tanker loading fuel within the project.
The report listed a lot of evidence of the Longwei oil business six questioned, 5 Longwei Petroleum and related subsidiaries and other legal relations questioned.