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L & L Energy, Inc. Message Board

mitchpit11 39 posts  |  Last Activity: 16 hours ago Member since: Feb 6, 2013
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  • Reply to

    ACUR Very Good in Filing Useless 8K's

    by mitchpit11 May 5, 2014 5:16 PM mitchpit11 May 5, 2014 11:15 PM Flag

    OK. Here is my attempt to collect $10 from

    1. Let's start with Q4 2013: ACUR shipped some $300K of Nexafed for Q4 '13.
    Did not recognize any revenue since pharmacies had "right of return".
    Pete was trying to hide the real sales, and obviously succeeded for Q4.

    2. Now, check this from today's news:
    During the 1st quarter 2014 we recognized revenue of $39 thousand for shipments to customers where the right of return no longer existed either because a pricing allowance was accepted in exchange for forfeiting the right of return or because information became available on pharmacy's reorder activity with their drug wholesaler. During the first quarter 2014 we shipped $42 thousand of NEXAFED®.
    ---, after those $300K was shipped in Q4 '13, only $42K was shipped in Q4 '14!!!
    This is truly catastrophic. It means Nexafed is not selling, ACUR is nor expanding those sales.
    Finally, Pete has to recognize some revenue, and $39K was cashed. That is all.

    Frankly, I am not surprised with such performance for a product with 0 advertisements and
    promotion. I saw if first hand in Publix pharmacy.

    In summary, for 2 quarters, or half a year, ACUR shipped $342K of Nexafed. What is truly disappointing, new orders are decreasing dramatically.

  • This is how it might look like, case for GURE:

    SHOUGUANG, China, Feb. 10, 2014 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today reported that the United States District Court for the Central District of California Western Division entered an Order and Final Judgment approving the settlement and dismissing the class-action lawsuit against Gulf Resources and a number of its current directors and officers.

    Under the terms of the settlement, the class-action lawsuit will be dismissed in return for the payment of a total settlement amount of $2.125 million, which did not have any effect on the company's operation due to its purchased D&O insurance.

    Mr. Xiaobin Liu, CEO of the Company, commented: "We are pleased to have reached final approval of the settlement by the Court, which we believe is in the best interests of the Company and its shareholders, even there is no admission of any wrongdoing or admission of any liability on the part of the Company or any of its current officers or directors. We look forward to closing this chapter and focusing on achieving our business goals for year 2014."

    Sentiment: Strong Buy

  • by mitchpit11 May 5, 2014 5:16 PM Flag

    Like this on:


    Results of Operations and Financial Condition, Financial Statements an

    Item 2.02 Results of Operations and Financial Condition

    On May 5, 2014 we issued a press release disclosing the financial results for our first quarter ended March 31, 2014. A copy of our press release is being furnished as Exhibit 99.1 hereto.


    So, you file 8-K when you issue press release!? Oh, nobody is doing that....

    ACUR should have written something like this:

    Item 2.02 Results of Operations and Financial Condition

    On May 5, 2014 we issued a press release disclosing the financial results for our first quarter ended March 31, 2014. The 8-K is really issued because we want to appear compliant with SEC, while we are in fact scared that truth will come out ACUR is in reality just investors cash burning organization that will never be profitable and that fools investors with appearance of selling useless drugs. Pfizer read us, and regretted
    ever being in business with us.
    We do not advertize nor we do anything to promote our products, it is much better to have good salary and healthy bonus. All of our energy goes to plots of how to fool investors and funds in giving us their money.
    We ourselfs never believed in ACUR, which can be easily checked with total absence of insiders purchases. We are not that foolish to invest in our #$%$.
    Other than that, we are a great company :).
    Please SEC do not go after us. Look, we just filed another useless 8-K.
    A copy of our press release is being furnished as Exhibit 99.1 hereto.

  • $4.2M burned in 1Q and sales only $42,000...
    Cash went mostly to salaries and bonuses...
    while Pete is playing "revenue recognition game" with investors:
    "Hey guys, I sold millions of #$%$, but can only recognize $42,000; vote for my bonus :)))) "

  • Reply to

    ACUR - No news news..

    by unpredictable_trader May 5, 2014 1:15 PM mitchpit11 May 5, 2014 2:19 PM Flag

    I am sorry Lyle, but that is reality.
    The only reason ACUR is alive today is because they got some $75M from PFE and
    also endless stock dilutions, totaling some $300M spent so far on the whole
    enterprise in the last 15 years.
    For that money and time, ACUR has little to show, certainly not in terms of the ability to generate revenue.
    The only thing it can show are Bob, Pete and Scully making a good living out of this
    whole mirage and scam that is allowed to continue under the current SEC regulations
    and at the expense of shareholders, or whatever unlucky funds they talked into investing.
    I would love to be wrong, but somehow after disappointments with Nexafed and now Oxecta, I have a feel this might be one of those that will go under....ever so slowly...

  • Reply to

    ACUR - No news news..

    by unpredictable_trader May 5, 2014 1:15 PM mitchpit11 May 5, 2014 1:58 PM Flag

    With ACUR it is a pretty straightforward situation:
    Either ACUR finds a partner and starts selling their #$%$ or
    they burn all cash on their over bloated salaries and bonuses before filing for BK.
    I think time is running out...

  • mitchpit11 May 3, 2014 6:49 PM Flag

    BTW, Lee resigned as CEO of LLEN.

    And again, more fantasy, this is what you are saying:
    Lee will command from prison.
    All these guys that went to China: Fong, Pei, Yang and Borich are Lee's puppets.
    Lee is a true master as his destiny is inseparable from LLEN's.
    He will do with LLEN whatever he pleases.
    SEC will stop bringing other charges.
    I can create any fantasy as you, like this one:
    Fong is sick of Lee and severes all relations as now Fong's reputation as ex Bush Gov official is on the line. His life legacy
    is now in question.
    The fact Lee is prison does not bode well in China and customers and mine workers and partners there now stick to Fong and BOD.
    LLEN elects new CEO and runs normally.
    Stock recovers, trades on OTC in $3-5 range and get listing in Taiwan.
    Lee is released from prison at the age of 75 and retires in Taiwan...

    I mean madaniels57, where does it stop? You don't know any
    of the #$%$ you are saying will happen for sure, as if you would, you would have shorted the hell out of LLEN. Why didn't you short?
    You said you have no position, but with such crystal ball you possess in your brain, it is foolish not to do it?

    So tell me, what other companies you see so clearly as you see LLEN, both Long and Short cases. I am listening....

    Sentiment: Strong Buy

  • mitchpit11 May 3, 2014 5:35 PM Flag

    Hellooooo....Lee is in jail in US, pending trial and you are already jumping to his retirement in Taiwan.

    If the company is fraud, as you are alleging, Lee will get many many years in jail. It will be not only CFO misrepresentation, but fraud for everything, 10-15 years....

    But what you are saying, Lee will somehow escape all this and flee to Taiwan, while LLEN will collapse. There are many high quality people at LLEN right now, they should take charge and continue.

    Lastly, any public company is a vehicle to get to working capital, otherwise there would be no need to be public company.

    Sentiment: Strong Buy

  • mitchpit11 May 3, 2014 5:16 PM Flag

    Lee has nothing to do with LLEN anymore. What you are implying is that Lee is going to get free of all charges by SEC/DOJ and return as CEO and majority owner of LLEN stock.

    The only thing Lee has now is 7M shares or some $3.5M out of $24M market cap, as of yesterday's close, so Lee is owner of 15% of LLEN.
    He cannot dictate anything.
    If he is convicted, he will dictate even less.

    I think you got carried away in your daydreaming...

    Sentiment: Strong Buy

  • Reply to

    still waiting for congrts from longs

    by umbisam May 3, 2014 9:14 AM mitchpit11 May 3, 2014 5:02 PM Flag

    Look, I would congratulate you, but don't know on what?
    I like a tough fight, you hit me, I hit you...but this is maybe round 2, out of 15....
    too early to see who prevailed....

    Sentiment: Strong Buy

  • Reply to

    Lee has finally lawyered up

    by madaniels57 Apr 30, 2014 12:10 PM mitchpit11 May 3, 2014 4:54 PM Flag

    Mr. Aoki is a superb choice. It will be interesting to follow how this case develops.

    Here is Mr. Aoki's bio:

    Russell M. Aoki brings over 25 years of legal experience to his practice. His practice areas include criminal defense, business litigation, and personal injury claims, and most recently, the Administrative Office of the U.S. District Court, Defender Services appointed Mr. Aoki as Coordinating Discovery Attorney for major criminal cases prosecuted in the U.S. District Courts across the country. Mr. Aoki’s criminal defense practice focuses on representing persons charged with Securities Fraud, Bank Fraud, Mortgage Fraud, Tax Fraud, Money Laundering, Murder, Drug Offenses, and other financial crimes.

    During his career, Mr. Aoki has served as judge pro tem, mediator, arbitrator, Special Master, criminal defense counsel and personal injury counsel. He has achieved the AV rating, the highest rating for legal abilities by Martindale Hubbell. Mr. Aoki has also been acknowledged by numerous legal associations and organizations as one of the foremost lawyers in criminal defense. He has been named one of the top 25 Criminal Defense Attorneys in Washington State by Washington Law & Politics every year from 2006 to 2010. Seattle Magazine, which recognizes outstanding lawyers based on “peer recognition and professional achievement,” selected Mr. Aoki in 2010 as a top attorney in criminal defense.

    Mr. Aoki has served on the Washington State Bar Association’s Board of Governors, during which he also served as the State Bar Treasurer. Mr. Aoki was the Washington State Supreme Court’s appointee to the Office of Public Defense Advisory Committee for twelve years. He is the past Board President of Northwest Defender Association, past President of the Asian Bar Association of Washington and a past Trustee of the King County Bar Association.

    Sentiment: Strong Buy

  • mitchpit11 May 3, 2014 4:28 PM Flag

    In short: no BK, company to continue as going concern and insurance to deal with class action for years to come.
    To me as a shareholder, this sounds good.
    LLEN can continue to make money and handle issues related to Lee's era.

    Sentiment: Strong Buy

  • Looks like a good time to settle all class action lawsuits under these screwed US laws where Geo can be left intact
    It is actually Geo who is responsible for investors loses. Geo should be pursued the same way Canadians are pursuing Jon Carnes.
    Nevertheless, LLEN's insurance will be happy to pick up the tab at this point and ambulance chasers should also realize they are not gonna get billions.
    After that, LLEN should continue focusing on its business.... no BK, at least how it looks to me...

    Sentiment: Buy

  • Reply to

    Time is on LLEN's Side

    by mitchpit11 May 2, 2014 3:28 PM mitchpit11 May 3, 2014 9:52 AM Flag

    Here is some more info:

    US District court, western district, WA Seattle (need Pacer account to see it).

    The parties, through their undersigned counsel, stipulate as follows:
    1. The parties have agreed to participate in a mediation of all related litigation
    before The Honorable Layn R. Phillips (Ret.), tentatively scheduled for May 6, 2014, in
    Newport Beach, California.
    2. Unless otherwise ordered, this action, and all related deadlines, shall be
    temporarily stayed in their current posture to allow the parties to engage in settlement
    discussions and mediation;
    3. If at any time during the mediation process any party believes that sufficient
    progress is not being made toward ensuring a productive and successful mediation, the party
    may provide notice to the other parties that the stay will be dissolved in 10 days, and upon the
    expiration of 10 days, a stipulation and order dissolving the stay may be presented to the Court; 4. The parties will provide an update to the Court regarding settlement discussions
    and mediation efforts no later than May 15, 2014; and
    5, The parties request that the Court enter the order below.

    DATED: March 4, 2014
    By s/ Phillip Kim Phillip Kim, Esq. (pro hac vice)
    Laurence M. Rosen, Esq. (pro hac vice)
    Lead Counsel for Plaintiff and Class

  • Reply to

    Covering Short of Holding it over the Weekend?

    by mitchpit11 May 2, 2014 3:42 PM mitchpit11 May 2, 2014 4:15 PM Flag

    What else can it be? Now LLEN traded for 2 weeks already.
    If it is BK they would have already file it. It is a material information that should be disclosed.
    Also, if anybody resigned, 8K should be filed. If accounting firm resigned, same thing....
    So I really do not see what else could be happening here?
    Any ideas?

    Sentiment: Strong Buy

  • Reply to

    Time is on LLEN's Side

    by mitchpit11 May 2, 2014 3:28 PM mitchpit11 May 2, 2014 3:45 PM Flag

    You file for BK when you can't pay your cash...right!?
    It has to do with liquid reserves...assets come into play later...

    Sentiment: Strong Buy

  • Hmmm....conundrum....

    LLEN keeps on ticking...
    the new plan and new management is in the works...

    Sentiment: Strong Buy

  • by mitchpit11 May 2, 2014 3:28 PM Flag

    Filing for BK, 5 minuets, few clicks...
    Making reorganization plan, weeks...
    So, what do you think management is doing right now?

    Sentiment: Strong Buy

  • mitchpit11 May 1, 2014 8:49 PM Flag

    Stirfry, it is a really good point!

    19.5M shares changed hands, those longs who wanted to sell sold, shorts who wanted to cover did as well....
    and now we reached equilibrium, $0.60 +- few cents. There is simply not enough information to either
    discard the company or strongly buy more.

    The way I see it: if LLEN wants to file for BK they could have done so in a few hours. We had management visiting China, and they've been 4 days in US and no news, some are screaming...

    Again, if the situation is hopeless BK would have been filed already.

    If it is not BK, next thing could be some restatements of earning and restructuring plan. That does take time.

    And lastly, if all is good, there will be personal announcements and ways to go forward.
    LLEN is hiring, look at their web page. Why would a company that is fraud and wants to file for BK hire!?
    Couldn't this so public fact be used against present management as deception and fraud in itself, if
    indeed the company is a scam!?
    I do not believe Fong & others want to go to jail and are making such stupid mistakes.

    So, in short, at this point LLEN hold all cards in its hands.

    And also, it is safe to say, Geo is now nothing more than a bunch of limo drivers turned clowns....0 credibility...

    Sentiment: Strong Buy

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