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I'd love to hear from Kevin Chen..I honestly have always admired his work. Even just a few current thoughs...It's ok if he's still a little baffled...I would just like some current thinking. Thanks Kevin, if you can.
At 8am on the 11th mist is reported...does this show up on the Geo film. Also on the 11th 7pm haze and smoke again...and another set of fuzzy distant lights http://www.wunderground.com/history/airport/ZBYN/2012/12/11/DailyHistory.html?req_city=NA&req_state=NA&req_statename=NA
Here is something kind of cool..I pulled the weather stats from Taiyuan from weather underground on Dec. 9th...between 6 & 7pm haze, then smoke as a sky condition..when you look at the distant lights they are sort of fuzzy as if there is a lower ceiling..also light winds and a temp of around 29 F.http://www.wunderground.com/history/airport/ZBYN/2012/12/9/DailyHistory.html?req_city=Taiyuan&req_state=SX&req_statename=Shanxi
They should have staged video of the rail cars being filled...that would have given them a pulse for a few more days until they could fudge some paper work.
But the regulators are not involved yet.
There will probably be a "Hit Piece Addendum" by Geo..sometime Sunday or early Monday to avoid the short squeeze...but that too may look desparate.
Yes. I remember a BURP connection of some form.
My thought is if the aquisition had a PUDA connection...then no to very little money was ever paid for it. Remember nobody knew where the deposit was.
Their latitude is about the same as Washington DC...vegitation stops growing in early Oct. Those vines have been there a while.
Someone suspected Burp.
Was it Joe Natural who told us all along that the tanks were empty? Reminds me of "It's a cookbook" from Twilight Zone.
That is probably what his lawyers are working on now. I think everybody on these boards knows the jig is up...they are just holding on to the 1% chance of it not being true. All the pieces and questions over the years fit the Geo profile and there are more valid asumptions we can all piece together now. I'd love to know some details on how it was kept up so long. I think just before the last earnings PR the company had a heads up and threw that out for one last pump and maybe unloaded a bit.
What on Earth is taking Toups so long to resign??? Someone published his address...you should call the local news there..start showing up at some front doors.
I have no link...I was juxtaposing the rediculous comment.
This is 100% BS...sorry but this too is misleading. If anything the SEC is about to halt for 6 months.
Sorry try this: http://www.jimnolt.com/wally2.htm
Important map left out by GEO....http://www.jimnolt.com/Graphics/WFS1.JPG.
They supplied 7 weeks of video.
Right away he says"we do not sell to military" I thought the whole reason for no web-cams was because of military sensative sales. Also he says 55% of sales are to gas stations...there goes the railway theory. 5 trucks in 50 days and 55% of sales are to gas stations. "THEY ARE SO BUSTED" to quote Candice Flynn.
Well it sounds like it was sitting empty..part of the Puda connection. Remember, no one knew were the 86 mill deposit was sitting...hello..there was no deposit! All of a sudden out of the blue "ok we close now, we have cash" We were all shocked, because a week earlier still nebulous. So the waiting on the aquisition was a bunch of figuring out how to continue the flim flam.....man.
It's kind of sad...it'll be strange not checking in on LPH any more. We are on our final few heartbeats to what was a long often very strange journey. I am not a dreamer, I know this thing is done other than a few very ugly weeks ahead. The bottom dwelling lawyers are now surrounding...and understandibly. I know there are 3 or 4 waiting to get paid...is anyone going with a particular firm? I lost big with VTSS about a decade (or more) ago...filled out he lawyer stuff and here we are 7,8 years later and I never heard anything. No more wondering about aquisitions or the price of oil in China. I hope Cai & Toups actually come out better men at some point before death.
Well they followed the boards very closely see if anyone was on to them.
I wonder if posting these job openings was part of the rouse...Kevin Chen even expresses a little doubt..this was from him. I think he's a good guy.
There are more than 100 openings total for Sales Director, Administrative Assistance, Oil Tank Specialist Workers, Janitor, Operation Clerks, Fire Fighters, Measuring Specialists, Railroad Operators, Filling Station Operations, Sales Manager, Secretaries of President, Sales Reps, Customer Service Reps, and Marketing Specialists. Even for the biggest oil wholesaler of a province, I don't think the head quarter needs so many new people. Most of them are probably pre-hiring to prepare for the coming "go live" date of Huajie site, and some might be for Gujiao site, which still has fast sales growth each month.
That reply put out today was all a rouse to give them time to get out of town.
But never once did they disclose a client...nor are there even any railcars. They only have 40 employees!! It would take 25 just to maintain the railway!! There is not even a power source for the railway.
it's a sham..hang it up. Rest in the fact that they would need 300 trucks a day to get these numbers..the jig is up. The whole Puda connection can be traced back years.
Oh, and by the way, OJ is still looking for the murderer.
So many questions from the past now make sense. Why they never installed the cameras...The aquisition closing date(had to show a little distance from Puda)....the funky October earnings. Why Marek was able to dictate the earnings report. Why they would call out bashers by name. Why they extended the warrants...the crazy list goes on. We were warned several times. This will never open again. The audit firm will likely resign tonight going nto the weekend...followed by Toups. A bullshoot response may come from the company ....followed by tumbleweed. I wonder who gets the dog?
The Company believes that the Geo Investing report contains numerous errors of facts, misleading speculations and
It would be better if the company said insists instead of believes!!
Cai is going to need to stop the halt long enough to figure how to at least get .60 for his 35 million shares.
Toups will resign..give it a few days.
The most damning thing is th truck issue...to make the revenue they claimed, the need to fill about 300 trucks a day.
Is this the same course CCME, NEP..etc..took so far? To say" we are looking into the allegations"....the next day?
They would need to fill about 300 trucks a day to make $ 500,000,000.....this thing is dead.
Will we hear from the Wietan Group? I feel sorry for the intern they stick to write this PR
I'm sure the Toups resignation is moments away.
On the other hand Geoinvesting was recommending this stock in the not to distant past??
How can a company with 40 total employees even have 50 trucks?
I got a bigger fish looking to get in tomorrow..
I got a bigger fish looking to get in tomorrow..