Longwei Petroleum (fka LPIH)

[pauldn]

This lawsuit is absolutely important to shareholders. It certainly is to me as a shareholder.

I have been thinking about the actions of LPH in regards to their (lack of) response to the NYSE. Does this all boil down to it being a legal issue? And as such it could only be resolved in the courts and not on the stock exchange? If LPH were to successfully jump through the NYSE hoops in order to maintain their listing on the stock exchange would that help shareholders? The NYSE is not going to vindicate them (did the NYSE have any problem with LPH's financials up until January 3rd? How do LPH actually answer to Geo and Co.'s defamations but in a court of law? What I am trying to say is... do LPH's NYSE/SEC documents really mean anything unless they are proven/validated in a court of law?).... currently the NYSE seem to be siding with Geo and Co.. And the only place to take on Geo and Co. is in the courts. And LPH have decided to do that. Has their lawyer then advised them to take no further public action until the matter has been settled by the court of law? I don't know.

I am convinced, based on their past behaviour, that LPH could easily comply with the NYSE requests. But maybe such an action would somehow compromise their legal battle. I am not a lawyer so I really don't know... but I am trying to separate out the trees from the forest and vice versa.

This is all about the integrity of the company called LPH. As an investor I am buying into that company... long term in my case. I am not a day trader. Yes the short term trader has been completely crushed by what has happened to LPH. But that is not LPH's fault. And I doubt that if they remained listed on the NYSE the general public would believe LPH anyway- not in this current market (if they do believe LPH then the share price will go right back up into the $2-$3 range after April 1st when it's listed on the OTCBB).

But as the trading activity of Jan. 3rd has shown that will probably not happen.

It's going to take a Judge/Jury's verdict of complete innocence on the part of LPH to convince shareholders- and the SEC/NYSE- that this company is real and honest. I believe that LPH is in it for the long haul and that they are taking the actions that will benefit both themselves and therefore me, the investor.

Again these are my own musings and observations; but I sense that it's not just a matter of LPH replying to/complying with the NYSE. If anyone has any sound legal knowledge or experience in this regard please do speak up.