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Longwei Petroleum Investment Holding Limited Message Board

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  • chickenhatsdotcom chickenhatsdotcom Jul 10, 2011 11:33 AM Flag

    On a positive note, the fact the company has come up with $85 million bodes well for

    First of all, no sane company would ever continue putting down deposit money if in fact the seller decided to change their terms all of a sudden with regards to the date the buyer takes possession. Anyone with a brain has to call B.S. on this for sure.

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    • Why? The buyer renigged on completing payment by 6/30, so turn the tables and the seller is bending over to extend the time by 6 mos. for the buyer to close with full payment. IMHO the buyer is lucky to still have any deal on the table and LPH knows it. A lot like real estate. Everyone is just trying to spin this in abashed light to instill sentiment to sell and hope for an even better entry price before the deal closes. The only real negative is just wanting to hold ANY RTO for a few months due to the general time value of holding risk in this space for any reason other than a short term flip.

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