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L & L Energy, Inc. Message Board

  • sasquatcher4 sasquatcher4 Mar 31, 2014 12:48 PM Flag

    LEE is an IDIOT, but LLEN will SURVIVE

    I am an ex-CFO and VP-FInance myself of an large public company. I can't imagine the type of hours Lee must have been putting in to cover for not having a CFO on board for awhile, while keeping up with all those filings. Why would he even try it? To save the CFO salary? Obviously, they were audited, by two separate large companies and passed audit as a profitable and growing US company with China operations.....As part of the audit, the audit staff reviews inventories of coal and visits your operations and confirms receivables. Everyone can act like the sky is falling in, but I think we need to wait for the final verdict to see what really happened here. Especially when you have folks like the ex US Tresurary Secretary on your staff and Board and others that would not have stood by and let total erroneous operations continue.
    The only option we have is patience folks. Hopefully this will pay off in the long term for longs.

    Sentiment: Hold

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