Longhai Steel, Inc. (fka LGHS)

[HDOGTX]

ACTN to NASDAQ Still On!!!

So on Feb 3, 2011 there was a notice sent that the Co decided not to proceed with NASDAQ Listing, then as evidenced below on March 14, 2011, they hired Mayersohn to get the job done!!!

http://sec.gov/Archives/edgar/vprr/11/9999999997-11-000719

Mr. Joel D. Mayersohn, continues his position with Longhai and is the key ingredient to obtaining the NASDAQ listing, see 8k agreement below! IMO its under his guidance that the Co has removed certain officers!! I am sure he might be able to provide insight here~

http://www.otcmarkets.com/stock/ACTN/company-info

Company Officers
Chaojun Wang CEO
Heyin Lv CFO
Company Directors
Drew Bernstein
Joel D. Mayersohn

http://www.ralaw.com/attorney.cfm?sp=detail&id=4907&CFID=38497530&CFTOKEN=81843531

Joel D. Mayersohn
Partner
Fort Lauderdale
350 East Las Olas Boulevard
Las Olas Centre II, Suite 1150
Fort Lauderdale FL 33301
Phone: [phone]
Fax: [phone]
[e-mail]
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New York
245 Park Avenue, 39th Floor
New York NY 10167
Phone: [phone]
Fax:
[e-mail]
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http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7798286

On March 14, 2011, the Board of Directors (the “Board”) of Longhai Steel Inc. (the “Company”) appointed Mr. Joel D. Mayersohn as a member of the Board, effective as of March 14, 2011[, to fill the vacancy created by Mr. Basil Hwang’s resignation. The Board also determined that Mr. Mayersohn constitutes an “independent director” as defined by Rule 5605(a)(2) of the NASDAQ Listing Rules. Mr. Mayersohn will serve as a member of the Audit Committee and Corporate Governance Committee and the chairperson of the Compensation and Nominating Committee. The Company is not aware of any transactions with Mr. Mayersohn that would require disclosure under Item 404(a) of Regulation S-K

Mr. Mayersohn has been a partner in the Business Services Practice Group at the law firm of Roetzel & Andress since July 2008. Prior to that, from January 2006, he was a partner at the law firm of Arnstein & Lehr. During his more than 25 years of corporate and securities law practice, Mr. Mayersohn has advised a diversified client base in private placements, public offerings, mergers and acquisitions, financing transactions and general securities, as well as corporate law matters. Mr. Mayersohn received both his B.A., cum laude , and J.D. from The State University of New York at Buffalo. He is admitted to practice in Florida and New York.

The Company and Mr. Mayersohn entered into an independent director agreement (the “Independent Director Agreement”) on March 14, 2011.
Under the terms of the Independent Director Agreement, the Company agreed to grant Mr. Mayersohn 6,000 restricted shares of the
Company’s stock per annum as compensation for the services to be provided by him as independent director. Half of the restricted shares will
be granted on the date that is six (6) months following the Company’s NASDAQ listing, and half of the annual compensation will be granted
on each six (6) month interval thereafter.