formaldehyde testing kit...
Any CEO of a company selling anything in California would know, or at least would have legal counsel which would have know about the above events. How long was it between the airing of the 60 Minute News report and the taping of that show? Where is the CEO's investigation into the manufacturing company in China, which he said would begin the next day after the 60 Minutes Show, and, why did the CEO not have that investigation in hand to give to a certain U.S. Senator when he called for an investigation from the Consumer Product Safety Commission, the Centers for Disease Control and Prevention and the Federal Trade Commission, when everyone knows that 60 Minutes is a taped show?
It would be interesting to learn how long it took from taping to airing of the 60 Minute show...
did he or did he not say that he would have investigators in the manufacturing facilities the next day? Why was there nothing said when the story broke on 60 minutes - 60 Minute news is several weeks old, yet there was nothing said about any investigation, just accusations about short sellers - FROM THE NEWS STORY?
The company would have had weeks to prepare a response, but nothing was said except short sellers are to blame.
he said he would have investigators in the manufacturing company the next day, and we all know that 60 Minutes is an edited show, it would have taken weeks for this show to air, so where is the investigation from the CEO following the airing of the show? - Nothing but short sellers are the culprits - nothing about the company, the manufacturer, or the investigation the CEO promised was going to take place the "Next Day"?
If the CEO had done an investigation, as he said he was going to do, then where was that investigation when the story broke?
The CEO said he would have investigators in the manufacturer the next day, yet the only response to this after the story broke was that short sellers were the culprits, where is the investigation from the CEO - where are the findings - they were never given and the stock sank in value - ?
Where is the report from the CEO of his personal investigation into the matter that he told the interviewer for 60 Minutes would begin the following day of the interview? Surely, the show was taped and edited, yet the response the CEO gave was that he would immediately investigate, where was the findings of that investigation from the CEO - nothing was said of any investigation - just short sellers are responsible with no responsibility from the company or the manufacturer.
Loufah 11 hours ago
"Why did CBS and Whitney not report the potentially hazardous finding immediately?" They had the CEO on the show. He said he'd start investigating their claims "tomorrow". That presumably was taped days or weeks before the show aired. Why didn't the company's immediate response include the status of the CEO's investigation?
This response was given to the News story -
"This Hedge Fund Manager Spoke With Lumber Liquidators' Chairman -- Here's What He Thinks"
which is the third news story down on the Front page.
Where is the report from the CEO, it has been over a week since this story broke on 60 Minutes, but the only talk from the CEO is "Short Sellers".
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Without a doubt, all of the posters on this board, with the exception of Vernnimble and one or two others, are suffering from Oil Post Traumatic Stress Disorder.
Best solution, seek psychiatric help immediately.
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If there were "hundreds of tests", why were those tests not explored by the company immediately after the story?
Why did they come out blaming short sellers if they had hundreds of tests?
Not only that, but why didn't their lawyers immediately cite those tests?
It makes no sense....
It's sad to see the desperation in the posts on this board....
Like sands in an hour glass, so are the voices of those drowning in debt....
One brief moment of release, then the pain and empty silence as the couch is searched for change to buy a loaf of bread to feed the family...
There was a news story out today that some believe the stock could plummet to $9 per share.
"Hedgie sees Lumber Liquidators stock dropping to $9
New York Post-Mar 6, 2015
That's where the head of Kase Capital Management said he believes the stock of the embattled hardwood floor seller is headed — and that's ..."
conference that hasn't already been hashed out openly since the 60 minute story broke?
In the absence of charges from the state of California, the LL news conference is pretty much moot no matter what the company says, because no charges have been filed yet.
The laminate flooring sold up to the 60 Minutes feature has already been tested and proven to be highly toxic from the tests given by an independent lab, which is a violation of California Law. As far as I know, 60 Minutes does not employ Environmental Engineers that had anything whatsoever to do with the testing, so the tests done, were done by a lab that knows how to test for formaldehyde outside of 60 Minutes.
What else can be said that has not already been said?
There are more signs that the North American oil boom, and the lower gas prices it brought with it, is running out of...well, gas.
On Monday, Houston-based BPZ Energy, an independent oil and gas exploration and production company, announced it was voluntarily filing for Chapter 11 bankruptcy protection.
Starting last summer, the glut of oil coming from the boom in the U.S. and Canada helped to drive gas prices down to historic lows -- a development welcomed by consumers and companies dependent on gasoline, but a shock for the bottom line of the oil exploration and oil production companies.
In a press statement Manolo Zuniga, BPZ Energy's president and CEO, cited the overall oil industry downturn as one of the major factors towards his firm's decision.
"Our efforts to negotiate additional financing to fund business activities and pursue identified strategic alternatives were further impeded when oil prices plummeted and production growth faltered," he said, "creating additional obstacles to our restructuring efforts."
And last week, Cal Dive International filed for bankruptcy protection. The company contracts out marine work to the offshore oil and gas industry, and provides them services such as manned diving, oil platform installation and pipeline burial.
"Our business has experienced several adverse events that were beyond our control," Cal Dive's chairman, president and CEO Quinn Herbert said at the time, "and with our current capital structure, we are no longer able to financially withstand the industry downturn."