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Longwei Petroleum Investment Holding Limited Message Board

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  • c.vs83 c.vs83 May 27, 2011 11:36 AM Flag

    Had a 38-minute conversation with Mike Toups .......

    I first noticed this stock from IBD under 10 bucks column. Sure hope it's not a CCME!

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    • There really are only 3 issues here.

      1) Are the numbers real? Web cams will help on the sales/activity side. Top 4 auditor will focus attention on the financials. The additional facility of this size will be a very strong indicator also, especially with the obvious involvement of the PRC.

      2) Do shareholders own the assets as listed? Not really sure what is required to take this to the "beyond all reasonable doubt" level, but Kevin Chen seems to feel that it would not be difficult for the company to publish something that would erase this as an "unknown". Although Toups did state on the last CC that the assets are owned by LPH and the BVI registered company that is trading on AMEX.

      3) Will positive recognition of all the above be enough to lift LPH pps out of the powerful anti-China/RTO sentiment? That's the $8 question.

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