Received an alert this am about $LPIH from http://yugestocks.com/?s=LPIH, you may want to take a look. Marshall's generalized iceburg theory: seven eighths of everything can't be seen. Day trading investing.
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when will lpih resurface
ANYONE doing business with the PUBLIC like this "company" is a fascist rip-off creep if they FAIL TO COMMUNICATE. The SEC SHOULD HAVE LONG AGO REQUIRED COMMUNICATION AS A PRE-CONDIITON FOR A STOCK SYMBOL.
Adjourned until 11/28/16. Maybe we'll get a generous Christmas present.
Fairness hearing was postponed until 11/1/16.
It looks like the auditors do not want to pay their share of of the $1.34M settlement, or $40K. After all, these auditors are Mormons and they feel they did nothing wrong because the financial statements were correct as audited.
I just called my broker about the "Class Action" and am IGNORING THE "CLASS ACTION." THAT might be the REAL scam. I'm holding until this FOLDS and rots-in-China OR moves ahead.
Any actions going on? is this company in receivership?
If he had bought less than $5000, instead of $6000, he might have been charged with a petty crime. He can just say the $6000 was compensation or reimbursed expenses. After all, Longwei paid him $240,000 severance.
Note that any inventory overstatement is self-correcting in the second year, if you know how COS works. Their sales are indeed real; profits were used to buy two facilities. Book value is approaching $7. Shorts are holding the bag.