you do not have to be short to make an observation about the reality of the situation. and if you are long, it does not mean you have to only say positive things. but you will ride this all the way down to almost nothing. it was a massive fraud and the 2 year graph of deer is what will happen if this even trades again. then a lot of darkness. they surely can not release earnings based on the last four years of fraud. the earnings for all the years would have to be restated first and it would take forever to figure out the true financials or lack of them. and why do not you ask fong and robinson if they are in on it or totally incompetent for not noticing something wrong from their inside position or were they just token executives so lee could have compliance. pathetic.
geo said they had multiple reports. the one last week was titled part one. since llen is requesting a delist on the 18th to trade about 10 days later, geo will want to get out any follow ups before it opens so people have all the evidence read. not to mention, geo would not want to space them months apart. so it should be sooner rather than later.
you and the others can follow your leader, dope, and hold your shares. if the shares do trade at all, they will follow the 2 year graph of deer and lpih. and then to possible bankruptcy. they will probably immediately tank to well under a $1 and maybe hold somewhere at .35 to .75 as shorts cover and give some base. then, over the next few days or weeks, they will slide further towards zero and you will most probably lose another 50% to 75% of your money from the point they were during the first day of selling. so follow your leader all the way down. and give him thanks.
i would think it is a very high probability. all the revenue from the mines was faked and fraudelent and they will show that the revenue of $40 million from the hongxin washing was all fake as the plant was really shut down. even, if there was some revenue, llen had no operational control and will probaly have no access to any of those entities cash supplies to use. on the llen side here, they probably have minimum cash at all as exhibited by the inabilty to pay debts or even pay lee back his $800,000. creditors gave up and sold debt to ironridge who had to sue and they still could not pay. they could not pay the special committee and gave them fraud equity. all they have really are the very questionable agreements that maybe they could sell for minimal amounts when compared to all the lawsuits from the class action, probably ironridge again, sec penalties, and anybody else that ever had a share as the stock was illegally listed on nasdaq so anybody ever obtaining the securities was defrauded as they thought they had legal nasdaq securities. the lawsuits will probably overwhelm them. and very likely others were in on it. especially fong and the cfo. they were either in on it and going to jail eventually or were just token executives used by lee for compliance. the only other scenario is total incompetence by them as it would be hard for fong and especially the cfo to not see problems between the real cash flow reported when the mines and washing revenue was all fake and llen could not pay their bills.
like the dumped girlfriend showing up with another guy on her arm trying to make you jealous when you know there is nothing left and it is over. sorry. the future is the 2 year graph of deer.
they will be left with minimal assets if any and a lot of lawsuits. if any of their financials are to be believed and maybe some of the debts were from the mines that they have questionable ownership of so they might not even be liable for some. but if they are at all true, their current liabilities went from $57 million uo $10 million to $67 million in the first six months of the year and ballooned another $8 million in just the last quarter to around $75 million. if they are true. they are done. but maybe those were faked to just make it look like they had some debt. who knows what a moron like lee would do or has done now. and you keep kidding yourself that all the geo allegations were just made up. sorry, but it will not turn out that way. if this does manage to trade in a few weeks the results will be a mirror image of the 2 year graphs for deer and lpih. that is what is going to happen and there is nothing you or your priceless information from the new board can do about it. nothing.
i am not short and was long before but as overwhelming evidence shows this company a fraud it has become pathetic with your past childlike cutdowns in the past month and weeks. even after the sec charges lee and it becomes obvious the financials were all fake, you still exhibit childish behavior and when someone says something about you it is abuse. what a joke. grow up. lee faked all the financials from the two mines and it is most probable the $40 million revenue from hongxin last year. there will be more charges for him and quite probable others were in on it. time will tell on this and it is unkown but i would not want to be clayton fong right now. the financials were faked, the original stock was fraud. anybody who even had a share of this was defrauded. the company had no operational control over the mines that had no revenue. even, if these entities have cash, llen will not be able to use it. class action suits are valid, ironridge can sue again as they were defrauded with a settlement in misleading illegally listed nasdaq stock, and llen last year defaulted on so much debt, the creditors gave up and sold it to ironridge and llen could not even partially pay them. llen could not even pay back lee part of his $800,000 so he had to off it to ironridge and then defraud them with what they thought was legal nasdaq stock. they did not even have the money to pay the sic and defrauded them. the fa if it has not fallen through and is complete will come to the conclusion that llen is totally fake. that is the fact if the fa even is finished by ey. same conclusion from the sic. all the financials are so fake they can not even think about issuing any earnings reports, since all past fraud financials would have to be restated for years. sec is going to charge llen with financial penalties and llen already had a cash flow problem if they have any cash at all. they can try to sell their questionable agreements. but lawsuits and penalties will decimate them. they are out.
mm2005 has priceless information on the new board.
santa claus has denied lee´s request for a lump of coal in his stocking and xmas is still 8 months away.
do not worry lee.
llen can request a delist especially when they have finally realized they will never be unhalted on nasdaq. llen was illegally listed on nasdaq by means of fraud and nasdaq can not let a fraud trade on the exchange.