I called them a few days ago to discuss the tank size discrepancies. They knew nothing about it. Very short phone call. When I called Red Chip on the other hand, I was on the phone for quite awhile. Mike said he would talk to Toups about the issues I raised. Interestingly, I asked if the tanks extend into the ground and if the size was based on an industry standard related to the density of tar. The PR that was then released both mentioned underground storage and an industry standard. Sometimes I was wondering if LPH was just following Marek's (on yahoo message board) cash predictions and writing PRs to coincide, but didn't think they would actually do that. He predicted when they would have enough cash to close Huajie. Their closing matched his prediction. I think a lot of his assessments were matched by PRs.

Thanks for the heads up. Fortunately I had my iphone. Sell orders at market price weren't going through so fast, but I was able to get out before midway to the bottom. Aside from money, the other losses are time and focus, and that's probably the biggest lesson learned.

Seeking alpha article linked to several times on this board.

Got out during the fall. Did a quick scan of the report and saw the price falling.

Geo through sodium into it.

A watched beaker never boils.

One way to look at it which has already been stated in some form: "Capacity has nothing to do with volume." What counts is what is being sold.

Tanks can be underground, above ground and partially underground. These look above ground but is it possible that they extend into the ground?

Acquisition of Huajie with cash and without issuing shares is a highlight.

Such numbers are meaningless without a discussion of accuracy (error analysis). Back of the envelope calculations are typically only used for order of magnitude guesses. I believe Google makes no claims of the accuracy of their data, probably because of potential lawsuits and the general variability people have found.

Good point. I didn't consider the settlement days.

One other thing: if no deal is reached and American stocks get hit hard, you might find more compelling deals rather than Chinese small caps. Just a thought.

Hard to say. One thing I'm considering: if they do issue a dividend in the future that should bring the stock higher than current levels, so even if you do jump in right now and it goes down there is a potentially strong catalyst that will ultimately put you in the green (dividend possible in approximately 1 year I think, very rough estimate). I'm not buying any more long shares unless maybe it were to go below $2 which I don't think will happen, but we did hit 2.04 recently. I am holding my long shares for now, and occasionally trading shares in a separate account.

Let's see if we get another end of the day surge...

Well, I technically I said within 5 days of the original posting, but I'll give credit where it's due. If you expect to be in Germany (Wurzburg region), Sicily (Catania area), Japan (Osaka region), Southwest Ohio or the south of Mali let me know.

I was having buyer's remorse after the hippy wandered quite far earlier today, but in the end I got my 2.65 sell price. Any thoughts on the next dip?

I just did a quick check of LPH's site. Didn't find Redchip, so it does look like they are dumping them or have already done so. Redchip's site has a Dec. 20th update on LPH.

Sounds like grad school all over again...

Have they officially dumped Red Chip? I just received an LPH update from Red Chip the other day.

I had a dream last night that LPH goes down to 0.87 today.

In at 2.45 for a trade.

This stock has its largest moves in response to events or strong hints of events rather than earnings, unless the increased earnings are of existential significance. The next major event might be a dividend. A sudden burst of manic interest in China might also do the trick.

I'll take 2.40.

I would have asked if they do deliveries, but I didn't get my 2.40. Any ideas where the next ripple may be?

Wow! You nailed it.

If we don't hit 2.40 today there's a chance I re-submit tomorrow morning depending on where we finish today, how the pre-market looks tomorrow and if there are any PR releases. I could up or lower the bid.

First we have to see if it happens. I was thinking Westmalle, but I'm flexible as long as it's not more than the equivalent of 5 Euros (some of the Belgian beers get an exorbitant mark-up in the states).

If we hit 2.40 and my bid goes through followed by a rebound to 2.60 within 5 trading days I owe you both a beer.

*Loud cacophonic buzzer* Although had you been right I might have bought some shares for a quick trade.

Looks like we're sliding...I'm still holding in anticipation that we will eventually be going higher.

I can't speak to that. If that were true, then all the forced buying would be finished now? A couple times in the history of this stock there have been quick runs from below 2 to above 3. Let's see what happens today. In regards to your previous message I'll get back to you at happy hour.

LPH 2.59 Pre-market. Thought it was interesting that Cai referred to Chen's article in today's PR.

Sounds exciting. Photons are the glue that unites all of my research up to this point. Good luck!

Is the start-up related to the thin films patent you were trying to license?

Did you completely exit before the day ended?

Well said.

So on your way to Germany. I also got ticketed once on a road trip from Netherlands to Germany and back (actually, my wife was driving). Never been to Aachen, but visited Maastricht once.

Biking or driving a car?

I think there are a couple of Dutch investors who occassionally make appearances on the CGS (China Growth Stocks) board. I used to live in the Netherlands (Groningen) but am currently in the States.

This is not a surprise. He has publicly indicated in the past, as far back as 2011, that he is looking to get out some point (in the range of $3-5), particularly when he needs the cash. There's no insider information here.