Longwei Petroleum (fka LPIH)

[honestengine_rh]

Longwei is lying low until the lawsuit is finished. They were excluded from the lawsuit in 2014 and want to keep it that way. There is plenty of time to contact the SEC.

An injunctive relief is a request to stop doing something, like a cease and desist letter. The inventory capacity is a non-issue. See their explanation at the bottom of the page.

https://www.thestreet.com/story/11802272/1/longwei-petroleum-raises-full-year-guidance-with-increased-revenue-contribution-from-its-huajie-facility.html

The $6000 stock purchase might have gotten Toups in trouble but it is a petty crime. It is similar to officers backdating stock options, but on a very small scale. They could just say the $6000 was compensation or an expense reimbursement.

Toups’ severance of $240,000 indicates that the Huajie facility was humming along by that time. That was the second facility they bought with profits. Rarely does a company grow that fast. That is why they became a target, amid the exploitative atmosphere at the time in Chinese companies.