is still alive and kicking.....Happy 2018!!
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stock dividend me!!!!
PS: how is a 10% stock dividend different than an 11 for 10 split???......lame-o...
lol, I've seen some sold on various websites for a few bucks!!!!....ya never know in a hundred years, maybe someone will have nostalgia for stuff like presoaped sponges, etc....
PS: affinity....a long tradition of using other people's money for unfounded concepts!!!
http://www.roadsideamerica.com/story/11610
A handful of obscure, motorized airplanes claim to have been flown before the Wright brothers did so in 1903. But none has the civic support, or the biblical pedigree, of the one in Pittsburg, Texas
Cannon formed The Ezekiel Air Ship Mfg Co., sold $20,000 in stock to his neighbors, and supervised the construction of his contraption in a local iron foundry.
http://www.oldstocks.com/worth.htm
a late happy new year, all!!!!
it's possible, but that will be some ceiling if it gets there, IMO.....presplit 5 was a tough nut to hold.....
maybe this time it will be different!!!!
well, most folks who invest should play the ODDS.....I know what they appear to be here, not good.....all investing is based on appearance of a Co's health and future, no???....thus investors don't need the burden of proof to judge with their wallets.....
guilt determination by the enforcers and regulators are a different matter.....
that said, it would be pretty ballsy to write such a "hit piece", and be claiming to send it to the SEC if they didn't have some damn good confidence in their claims....whatever the truth, certainly lots of "lawyering-up" going on, I would think!!!!
they're probably busy lawyering-up, and securing their "earnings" on this operation......and it looks like RedChip was smart enough to abandon ship ASAP, and say not to rely on them anymore.....what was it, a week ago they renewed???
but, yeah, innocent unless proven otherwise years down the road, all that!!!!
PS: Florida calling China....flip floppers!!!...
http://finance.yahoo.com/news/longwei-petroleum-renews-agreement-redchip-165900609.html
Longwei Petroleum Renews Agreement with RedChip
TAIYUAN CITY, China, Dec. 28, 2012
http://www.redchip.com/visibility/investor.asp?symbol=LPH&from=mm
RedChip Research Suspends Research Coverage on Longwei Petroleum
ORLANDO, Fla., January 3, 2013 – (GLOBE NEWSWIRE) – RedChip Research™, a division of RedChip Companies, Inc. (“RedChip”), today announced it has suspended research coverage on Longwei Petroleum Investment Holding Limited (NYSE MKT: LPH) (“Longwei”).
RedChip ResearchTM has suspended the investment rating and price target on Longwei until further notice, and the previous investment rating and price target are no longer in effect for Longwei and should not be relied upon. RedChip is terminating its contract with Longwei.
Look for a hit piece tomorrow for Wednesday effect
wow, a pretty close call there, Scandle!!!!
be careful what you wish for in China plays!!!!
if any of these fraud allegations are remotely true, maybe one day Toups can share a cell with his old mentor John Stanton.....
what a disgusting bunch those tampa operators are....
PS: as usual, my opinions and musings...
6. CFO Mike Toups, by simply looking out of the Taiyuan office windows at the nearly idled tanker fueling station next door should have easily detected and prevented LPH's brazen fraud, given the amount of time he claims to spend at the facility.
LPH CFO Mike Toups has repeatedly told investors that he spends half the year in China, at LPH's corporate office adjacent to the Taiyuan tanker fueling station. If Mr. Toups has been telling the truth about the amount of time he spends at the Taiyuan facility, then he could not possibly be unaware of the fact that the Taiyuan facility is nearly idled.
Mr. Toups claims to have over 12 years of experience with Asia-based companies. His experience as a director of Lotus Pharmaceuticals (LTUS - now $0.01/share) and interim CFO of Worldwide Energy and Manufacturing (WEMU - no longer trades due to the SEC revoking registration), both companies that were also clients of RedChip, should make him painfully aware of the prevalence of fraud in China.
Likewise, his participation in LPH's Investor Relations response to the collapse of China Integrated Energy (CBEH - delisted), including his participation in the RedChip "documentary" showing how LPH was better than CBEH indicates that either Mr. Toups was aware and a part of LPH's fraud, or else he has seriously exaggerated the amount of time and attention he has paid to LPH's business operation. Based on our research, we are inclined to conclude that Mr. Toups is at best a very negligent CFO who seriously misled investors to believe that LPH was operating a meaningful business.
Michael Toups – Chief Financial Officer
? Named Chief Financial Officer in June 2010
? Has 20 years of experience in accounting and corporate finance
? Publicly-traded company experience including PCAOB audits, SEC reporting & SOX
? Holds an MBA in Finance from the University of Notre Dame
http://content.stockpr.com/longweipetroleum/media/f85bcb0b2adf6a86d0ab491e0c6daa4d.pdf
Summary - “LPH”
? Leading Private-Enterprise Energy Company ($511M Revenues)
? Petroleum Distributor & Wholesaler in Shanxi, China
? Founded 1995 - Solid Relationships & Competitive Position
? National Licenses with 220,000mt of Total Storage Capacity
(purchase of Huajie - additional 100,000mt capacity added in FYE 2013)
? Expansion Opportunities - Industrial & Consumer Markets
? Completed Tax Reconciliation between SAIC & SAT to SEC GAAP
reporting – no material differences
? NYSE MKT Listed – “LPH”
? Good Value – (1) Adjusted PE on TTM Earnings approx. 4x’s
(2) Book Value > $3.47/share
we have come full circle.....Leon Toups was (as I understand it) the original inspiration for Stanton to get involved in penny stocks, when Toups Technology became EFTI, etc, etc....
now we have Stanton convicted and behind bars, Leon deceased, and his son Michael Toups apparently carrying on the penny stock scam tradition with LPH!!!!!
so it goes....
with pockets full, I'll bet......business as usual in the gutters.....
man oh man, and my spidey senses were tingling when I was asked about him last fall, but didn't have anything "hard".....
now we seem to know a bit more....
yep......
.....dealing with Stanton.
Trails can come back to haunt you
a simple equation:
Penny Stock + China + previous "John Stanton Co" CFO = Infinity - 1 odds against the common (non-flipper) shareholder!!!!!
incredible timing!!! just a day ago, oops!!!!
Longwei Petroleum Raises Annual Guidance on Haujie Facility Strength
Article
By Ben Fox Rubin
Longwei Petroleum Investment Holding Ltd. (LPH) boosted its full-year guidance, attributing the improvement to better-than-expected ramp-up of its new Haujie facility.
Shares rose 4.3% premarket to $2.20. As of Monday's close, the stock was up 25% over the past three months.
The energy company, which focuses on storage and distribution of petroleum products in China, now predicts adjusted income of $80.1 million on revenue of $667.3 million, up from its previous view of $77.6 million and $646.3 million, respectively.
The company said it now expects revenue contributions from the Haujie facility to be $121 million for the year, up from its prior forecast of $100 million.
"The Huajie facility has captured significant market share in its region during its first three months of operations, leading to better-than-expected throughput," Chief Executive Cai Yongjun said. "This, combined with continued organic growth of the Taiyuan and Gujiao facilities, positions us well for strong growth in FY13."
Longwei's oil and gas operations consist of transporting, storing and selling finished petroleum products, entirely in China. With the addition of the Huajie facility, the company's total storage capacity has increased to 220,000 metric tons.
Write to Ben Fox Rubin at ben.rubin@dowjones.com
http://online.wsj.com/article/BT-CO-20130102-704694.html
Toups mentioned 14 times here:
http://seekingalpha.com/article/1092561-longwei-petroleum-the-most-brazen-china-based-u-s-listed-rto-to-date?source=feed
does not look GOOD at all:
The following photo of the entrance to LPH's corporate office (where CFO Mike Toups claims to spend half the year working) was taken from our Camera 2 on December 2, 2012:
Mr. Gentry then asks LPH CFO Mike Toups:
"To what extent have you verified what we're seeing on the ground what we're told in the financials is accurate?"
Mr. Toups replies:
"Dave, I've spent a considerable amount of time here in Taiyuan City working with the company, working with the management. I've really rolled up my sleeves in terms of understanding the financials…"
Mr. Toups then announces that LPH would set up webcams on its new website so investors could view the facilities and see the tanker trucks fueling. Nine months later, after repeatedly making excuses for delays
Our video surveillance proves that CFO Mike Toups' claim of 50-60 trucks per day fueling at LPH's Taiyuan facility is an outrageous exaggeration that Mr. Toups should be well aware of every time he visited the nearly idle Taiyuan facility. The real reason LPH never installed the webcams is because they have no business to film, as we observed during our 7 weeks of time-lapse video surveillance. LPH is defrauding its investors, just like China Integrated Energy, only on an even larger scale.
LPH, another dude with a John Stanton history:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83039007
http://investorshub.advfn.com/boards/replies.aspx?msg=80110730
WOW:
http://seekingalpha.com/article/1092561-longwei-petroleum-the-most-brazen-china-based-u-s-listed-rto-to-date?source=feed
yeah, I realize that, it was just a rhetorical question, since I also was not sure how far the Toups apple had fallen from the tree when you first asked.....but as someone who was once associated with Stanton, I was skeptical (also since he was still involved in penny stocks)....just didn't have anything too concrete to show it at the time....
now it seems we have more evidence that the apple did not fall very far at all......shocker.....
peace out!!!!
http://www.linkedin.com/in/michaeltoups
Michael Toups
CFO
Tampa/St. Petersburg, Florida Area Capital Markets
CFO, Director
EarthFirst Technologies
June 1997 – January 2001 (3 years 8 months)
Tampa, FL
Commercialization and manufacturing of environmental and alternative fuels technologies.
• Launched company from concept and directed strategic planning through public listing
• Established and managed multiple departments - finance, administration, sales, marketing
• Prepared financial statements according to GAAP standards, managed SEC filings, corporate governance and investor relations for publicly listed company
CFO
Longwei Petroleum Investment Holding Ltd.
June 2010 – Present (2 years 8 months) Taiyuan City, Shanxi Province, China
• China-based petroleum distributor and wholesaler; $500 million annual revenues
• Manage all financial functions, including financial management, financial reporting, risk management, and management and oversight of financial budget, SEC compliance
• Negotiating $110 million USD petroleum storage facility acquisition
Managing Director, Asia Investment Banking
birds of a feather?????
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80513113
how do you feel about Toups now????
(he has 14 mentions in this LPH piece)
http://seekingalpha.com/article/1092561-longwei-petroleum-the-most-brazen-china-based-u-s-listed-rto-to-date?source=feed
The following photo of the entrance to LPH's corporate office (where CFO Mike Toups claims to spend half the year working) was taken from our Camera 2 on December 2, 2012:
Mr. Gentry then asks LPH CFO Mike Toups:
"To what extent have you verified what we're seeing on the ground what we're told in the financials is accurate?"
Mr. Toups replies:
"Dave, I've spent a considerable amount of time here in Taiyuan City working with the company, working with the management. I've really rolled up my sleeves in terms of understanding the financials…"
Mr. Toups then announces that LPH would set up webcams on its new website so investors could view the facilities and see the tanker trucks fueling. Nine months later, after repeatedly making excuses for delays
Our video surveillance proves that CFO Mike Toups' claim of 50-60 trucks per day fueling at LPH's Taiyuan facility is an outrageous exaggeration that Mr. Toups should be well aware of every time he visited the nearly idle Taiyuan facility. The real reason LPH never installed the webcams is because they have no business to film, as we observed during our 7 weeks of time-lapse video surveillance. LPH is defrauding its investors, just like China Integrated Energy, only on an even larger scale.
etc, etc
Go TOUPS!!!!!
(John Stanton connected history.....what a shocker.....)
I would rather get a Red Ryder BB Gun!!!
another point of view is that those who were paid for services in stock might be holding on until early next year to sell, in order to push their taxable income off into 2013......(or might need to sell before tax day if they need the cash to pay the taxes due when, depending on the circumstances of the issuance)
the tax sword cuts both ways.....(and has lots of nuances)
http://mindfusion.wordpress.com/2008/09/21/article-tax-aspects-of-receiving-stock-in-exchange-for-providing-services-to-a-corporation/
Jurors find former Cast-Crete president Stanton guilty in tax case
By William R. Levesque, Times Staff Writer
Posted: Dec 17, 2012 05:24 PM
http://www.tampabay.com/news/courts/criminal/stanton-found-guilty-in-tax-case/1266521
TAMPA — John D. Stanton III's attorney told jurors his tax case was about the envy of enemies upset at his enormous success as president of Cast-Crete Inc.
A jury instead sided with prosecutors who said the case was about something else: greed.
Jurors deliberated four hours Monday before returning a guilty verdict against Stanton on eight charges that he failed to file corporate and personal income taxes in the last decade and obstructed the IRS even as the Seffner building-supply company earned record profits.
Stanton, 64, stared straight ahead, showing no emotion as a clerk read the verdict. In court behind him, his pregnant girlfriend quietly sobbed, covering her mouth with a hand in shock.
Stanton, jailed as a flight risk since his September arrest, turned in his chair and told supporters, "Stay positive."
U.S. District Court Judge Virginia M. Hernandez Covington scheduled Stanton's sentencing for March 7 and could impose a prison term of up to 10 years. Stanton's son said the family expects an appeal of the verdict.
"He's a good person," said the son, John D. Stanton IV. "And I love him."
Shea Hughes, whose father, Ralph Hughes, was chairman of the board at Cast-Crete until his death in 2008, said he was saddened by the ruin of Stanton, a man he once respected.
"I think it's a shame that so many people got hurt," said Hughes, who had not worked for Cast-Crete before his father's death but now serves as its president. "I think justice was done."
Hughes, 51, said he will never understand why Stanton decided to ignore the taxes and take the path he did. "I don't think John understands either," he said.
The elder Hughes was a power in Hillsborough County politics, using his money and influence to back candidates who supported small government and low taxes.
Cast-Crete is today on the rebound, though its current revenues of $24 million are a far cry from its peak of $150 million a few years ago. It employs 135 people, down from 450.
This year, the company expects to earn a profit of $2.5 million. But the IRS will get every penny of profit this year and for years to come, Hughes said, until it recovers $140 million owed in back taxes, interest and penalties.
Prosecutors said Stanton drained the company of at least $43 million, directing cash to himself or shell companies he controlled. With payments to Ralph Hughes, prosecutors said, Cast-Crete was near bankrupt with nothing left to pay the IRS.
But rather than shutter the company, force layoffs and auction assets, the IRS allowed a new management team headed by Shea Hughes to bring Cast-Crete back from the brink.
"This is a case about greed," prosecutor Matthew Mueller said in his closing argument. Mueller, who tried the case with lead prosecutor Robert Monk, told jurors that Stanton failed in the "simplest, most basic obligation of our nation's tax laws."
Stanton's attorney, Paul DeCailly, told jurors his client rightfully earned the money he took out of Cast-Crete as a part-owner. He scoffed at prosecutors' mention of luxury cars and homes Stanton purchased.
"So what?" DeCailly said. "It's not illegal to own a new car. It's not illegal to own an old and beat-up car. ... He earned the cash. It was his cash."
He then added, "There is no evidence of greed in this case."
DeCailly sought to shift the blame for the unfiled taxes to Ralph Hughes, who also took millions of dollars from Cast-Crete as majority owner, and the obstruction of the IRS to the company's financial controller, who admitted embezzling funds from Cast-Crete.
Stanton testified the situation at Cast-Crete was so confused, including incomplete plans of a merger with other companies, he decided it was better to file taxes late than to file inaccurately.
As jurors left the courthouse in downtown Tampa, it's unlikely any would have taken time to admire the large, concrete panels adorning the building's face.
Cast-Crete made them.
William R. Levesque can be reached at levesque@tampabay.com
[Last modified: Dec 17, 2012 07:52 PM]
Copyright 2012 Tampa Bay Times
Jurors find former Cast-Crete president Stanton guilty in tax case
By William R. Levesque, Times Staff Writer
Posted: Dec 17, 2012 05:24 PM
http://www.tampabay.com/news/courts/criminal/stanton-found-guilty-in-tax-case/1266521
TAMPA — John D. Stanton III's attorney told jurors his tax case was about the envy of enemies upset at his enormous success as president of Cast-Crete Inc.
A jury instead sided with prosecutors who said the case was about something else: greed.
Jurors deliberated four hours Monday before returning a guilty verdict against Stanton on eight charges that he failed to file corporate and personal income taxes in the last decade and obstructed the IRS even as the Seffner building-supply company earned record profits.
Stanton, 64, stared straight ahead, showing no emotion as a clerk read the verdict. In court behind him, his pregnant girlfriend quietly sobbed, covering her mouth with a hand in shock.
Stanton, jailed as a flight risk since his September arrest, turned in his chair and told supporters, "Stay positive."
U.S. District Court Judge Virginia M. Hernandez Covington scheduled Stanton's sentencing for March 7 and could impose a prison term of up to 10 years. Stanton's son said the family expects an appeal of the verdict.
"He's a good person," said the son, John D. Stanton IV. "And I love him."
Shea Hughes, whose father, Ralph Hughes, was chairman of the board at Cast-Crete until his death in 2008, said he was saddened by the ruin of Stanton, a man he once respected.
"I think it's a shame that so many people got hurt," said Hughes, who had not worked for Cast-Crete before his father's death but now serves as its president. "I think justice was done."
Hughes, 51, said he will never understand why Stanton decided to ignore the taxes and take the path he did. "I don't think John understands either," he said.
The elder Hughes was a power in Hillsborough County politics, using his money and influence to back candidates who supported small government and low taxes.
Cast-Crete is today on the rebound, though its current revenues of $24 million are a far cry from its peak of $150 million a few years ago. It employs 135 people, down from 450.
This year, the company expects to earn a profit of $2.5 million. But the IRS will get every penny of profit this year and for years to come, Hughes said, until it recovers $140 million owed in back taxes, interest and penalties.
Prosecutors said Stanton drained the company of at least $43 million, directing cash to himself or shell companies he controlled. With payments to Ralph Hughes, prosecutors said, Cast-Crete was near bankrupt with nothing left to pay the IRS.
But rather than shutter the company, force layoffs and auction assets, the IRS allowed a new management team headed by Shea Hughes to bring Cast-Crete back from the brink.
"This is a case about greed," prosecutor Matthew Mueller said in his closing argument. Mueller, who tried the case with lead prosecutor Robert Monk, told jurors that Stanton failed in the "simplest, most basic obligation of our nation's tax laws."
Stanton's attorney, Paul DeCailly, told jurors his client rightfully earned the money he took out of Cast-Crete as a part-owner. He scoffed at prosecutors' mention of luxury cars and homes Stanton purchased.
"So what?" DeCailly said. "It's not illegal to own a new car. It's not illegal to own an old and beat-up car. ... He earned the cash. It was his cash."
He then added, "There is no evidence of greed in this case."
DeCailly sought to shift the blame for the unfiled taxes to Ralph Hughes, who also took millions of dollars from Cast-Crete as majority owner, and the obstruction of the IRS to the company's financial controller, who admitted embezzling funds from Cast-Crete.
Stanton testified the situation at Cast-Crete was so confused, including incomplete plans of a merger with other companies, he decided it was better to file taxes late than to file inaccurately.
As jurors left the courthouse in downtown Tampa, it's unlikely any would have taken time to admire the large, concrete panels adorning the building's face.
Cast-Crete made them.
William R. Levesque can be reached at levesque@tampabay.com
[Last modified: Dec 17, 2012 07:52 PM]
Copyright 2012 Tampa Bay Times
Stanton found guilty on all counts!!!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82560310
nice to see some justice served on STANTON......guilty on ALL counts!!!!
thanks for the updates.......that's a sticky for sure....
some of the "root" malware can be very difficult to remove......I know it's after the fact, but the best defense is to backup religiously, and make a system restore point daily.....
I recently got a tenacious chrome browser re-director infection (from downloading some freeware chess engines, of all things!!!), and none of the usual root killers or malware tools touched it .....doing a restore was my only recourse, without bothering to spend who-knows how long on the problem.....
on windows 7, go to "computer" (right click on properties), then system protection......click on your C (boot) drive, and manually create a restore point....make sure system restore is turned on, and it's configured to "restore system settings and previous versions of files".....also, if you have the HD space to spare, increase the size of the reserved space for storing system restore data.....I use 32GB or more, with lots of restore points possible....
there are ways to automate this, as Win 7 only does it once a week automatically, but for those who don't wish to create a new task, or script, that's the quick and dirty way......
now, if you do this, you will always have a way to recover.....also, make an image backup to an external drive at least weekly (I use Acronis True Image).....
PS: a good free program is AVG Anti-Virus, but it won't find everything, better than MSE though (IMO)
http://www.avg.com/us-en/free-antivirus-download
that article seems to have a few "issues":
http://www.voanews.com/content/plastic-could-fuel-us-move-away-from-foreign-oil/1536076.html
Bordyniuk uses a patented catalyst to vaporize the inky fluid and reduce the plastic to its most basic elements.
I think it's been established THAT is not true......
and as far as the statement
JBI executive Bob Molodynia looks on while a stream of thin brown liquid pours into an oil barrel.
”You could tap this right now and it’s ready to go," Molodynia says. "That’s a number six fuel, that’s what a lot of what US Steel uses, a lot of major companies, that’s what they pay the big bucks for, right there.”
it seems a bit vague......I could buy some #6, and pour it out in front of you and honestly say the exact same thing:
(as I'm pouring my fuel, I proclaim):
"That’s a number six fuel, that’s what a lot of what US Steel uses, a lot of major companies, that’s what they pay the big bucks for, right there.”
nowhere does it say WHOSE #6 is being used by those major Cos.....very poorly worded, at best......at worst, it's more of the wordplay we have come to know and love.....
PS: why is the "stream of thin brown liquid" going into an oil BARREL, and not a larger TANK?????
well, the word EMPLOYEES would not include all the sharesuckers, *CON*sultants and finders fee finders(!!), etc....maybe that's what he meant...
headcount, bodycount, whatever.....
what the HECK is that??????.....going for the green card crowd now?????....gesh....
PS: I thought I recalled someone associated with the Co was involved in language studies, which makes me wonder about the "source" for that........does "Special English" often get their material based on random penny stocks????!!!!
but maybe I am thinking of something else, hard to keep track of this mess......
very impressive!!!!!......only a 50% gain needed to get back to 1.05, get your spingleflukes ready!!!
just flukin'.....
lol, are those rocket engines on the tail fins!!!
very good!!!
JBII has been losing money for years.
$1 salary!!!!
http://www.wallstreetreporter.com/2009/12/jbi-inc-otc-bb-jbii-ceo-interview/
We’ve a proven track record of increasing shareholder value while decreasing the number of shares issued. Value-based management model; they know I don’t get paid unless they get paid, highly talented management team, profitable P2O and really Plastic2Oil is our homeland. That’s why.
PS: more Pak-it juice???
we’ve started manufacturing in Canada
what happened to all those "free" gas tanks????
so much free plastic, so little run time......
only $1.5B per flight!!!....
Carlsen wins the 4th London Classic
Magnus Carlsen of Norway has won the 4th London Classic in style, irrespective of the result of his final game. Magnus' Live rating, currently 2862.4 is an all time record and has surpassed Garry Kasparov's record of 2851 which stood for 13 years. The new rating list will be published on January 1st 2013. Magnus became world number one at the London Chess Classic and he has made history again here. We look forward to seeing him in London again in 2013 when he begins his world title attempt in the Candidates Matches. He truly is at the top of the chess world.
http://www.londonchessclassic.com/
new reset coming, by the CONS, right???