Six months later and no acquisition has been finalized.
Where is the reconciliation?
Some say that LPH is too good to be true.
What has LPH delivered to shareholders since the first acquisition? What have they failed to deliver on since the first acquisition?
Many say keep the faith. Is this wise with a RTO? What has the last two years taught investors in this space?
LPH keeps making promises but has failed to deliver on them.The List continues to grow and so does the warning signs.
Don't forget 67% of the company is owned by Cai and by Xue. When PPS drops into the basement, their net worth drops proportionately, too.
Management listened when the PPS dropped steadily for months after LPH filed the S-3.
Cai has a vision for the company of continuing to expand with several more acquisitions, eventually.
Building shareholder confidence will allow at least the option for a portion of the 4th or 5th facility to be funded by share-financing, at a value that won't excessively dilute shareholders and insiders.
Really hard to believe that management would listen to share holder commentary and run their operations by what small, uninformed share holders are telling them what to do.
This is a first for me and if this is the case I would not want to be invested in the company.
Well, there we have it. The votes are in. In summary, Haujie will close:
Pef 12/28,29 (for choosing two dates, if you win, you only get to wash Toups car for two weeks)
My pick: the acq. will fianlize on Friday 12/23, and Toups will release the PR after market closes. This being the holiday weekend and the typically slow week between Christmas and New Years, Toups will kill 40% of the potential momo. :-(
OK, I am being facetious, but my point is that Toups has the choice to be Reggie Jackson in October OR Don Knotts in The Apple Dumpling Gang.