LPH catalysts in place:
1) 10K net earnings exceeded targets by about 10 cents per share.
2) Fraud risk is gone with the 10K out. Deposit money in escrow for acquisition has been verified and matches the amount of free cash that was used from earnings over the last few quarters.
3) 81 percent downpayment on Haujie facility speaks for itself on the timeline not taking a long time until closing the acquisition deal, which will be HUGE for LPH. It is approaching 3 months since the last downpayment and the end of September net earnings will be in the ballpark of what is needed to close the deal.
4) LPH track record puts their money where their mouth is regarding a proven track record -- LPH executed a stellar earnings increase after they completed the Gujiao facility acquistion in late 2009. Expect the same things to begin to happen very shortly with the Haujie facility acquisition, which is considerably larger than Gujiao.