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IMO it will be next week before a reply from the company - this is too big to rush a response - I also think that the fraud alleged by the article must be exagerrated - clearly all is not as it should be but I seriously doubt things are as massively inaccurate as the artice suggests - it is next to impossible to have gotten away with it for so long...know that shorters are making a killing on this now... regardless, LPH might never recover from this regardless of the truth.
Stuck and uncertain but have already written it all off.
same here, based on principle...
i am not convinced we'll see a response from the company anytime soon - they must be hunkered down figuring how to activate their exit plan and do whatever they need to to slither away... could be halted for weeks IMO - they cannot say anything that will truly restore them or recover from this - the class action is likey a watse of time - one cannot recoup an investment from something that does not make anything from which to recoup> shit!
totally agree - for this to only come to true light after so long with so much DD out there is almost beyond comprehension...
it looks inevitable that we're sunk here, and as disgusting as this all is, i wonder how on earth LPH will try to respond - i cannot imagine a full confession, but there's no recovery here possible IMO... oh the number of times I thought of selling because this dog never really was able to hunt...
Indeed, and what about the investor tour scheduled for middle of this month?
Is Toups in on this - how could he not have known if he spends most of his time in China as he mentioned a while back?
I just do not understand how this duping (likely massive fraud) could have taken virtually everyone along for so long - RedChip cannot be in the know - they are likely getting sued over this, their auditor, their new chinese IR, the awards and all the coverage - amazing they pulled it off so hard for so long - Cai, if proven guilty, will likely need to be watching his back...
HALTED NOW?
yes, but hard to imagine the article would be published without realzing the liabilities involved in making the claims it does - unfortunately i think we might well be completely and fully screwed by LPH - they need to respond ASAP!
thanks, appreciate the honesty...this is almost surreal. if this is a scam, unreal it took this long to put it all together... LPH has to respond within a very short time-frame, but if they're guilty, it will become clear in their official response.
anyone else holding on to the bitter end, whatever it may be?
Weitan still in the picture - Tina emailed me the PR this a.m. - seems LPH is retaining both firms... Recent PR announced renewal with RedChip.
i am long and accumulating, but cannot fathom why this is being held back - things are better today than they were when the price hit $2.87, but for some reason BIG money (institutions etc.) still remain skiddish it appears - their new chinese IR will hopefully make some inroads...we'll see. BTA
so what's it going to take for this dog to hunt - pretty lame close IMO - i am completely perplexed by how little appreciation this stock gets even as it becomes increasingly clear it is a cash printing press... thoughts, suggestions anyone?
Take it private already - we know increased guidance, we know earnings (give or take) - there's nothing hidden yet the market continues to under-respect the stock - dividend, dual listing and/or share buy-back might be the trick, but eventually Cai will tire of this activity IMO.
Plenty of buying power left in my vault...
..I.P.O./Offerings | Mergers & Acquisitions December 20, 2012, 5:56 am6 Comments
Chinese Companies Head for the Exit
By NEIL GOUGH
HONG KONG–Fed up with slumping share prices, prickly regulators and aggressive short sellers, Chinese companies listed on American stock exchanges are increasingly heading for the exits.
The most recent case is also the biggest yet. On Wednesday, the directors of Focus Media Holdings, a display advertising company based in Shanghai, whose shares had come under attack by short-sellers, said they had accepted a sweetened $3.7 billion privatization bid from a buyout group that included the American private equity giant Carlyle Group, several Chinese private equity firms and the company’s chairman.
Article ToolsFacebookSaveTwitterE-mailGoogle+PrintSharePermalink.The deal would delist the company from Nasdaq. It includes $1.5 billion in debt financing from a consortium of Wall Street banks and mainly state-owned Chinese lenders and would rank as China’s biggest-ever leveraged buyout. Pending shareholders’ approval, the company expects the transaction to close in the second quarter of next year.
Including the Focus Media deal, which was first announced in August, Chinese companies began a record $5.8 billion worth of privatization bids in the first nine months of the year, according to the data provider Dealogic. That was a 42 percent increase from the same period a year earlier, and proposed Chinese delistings accounted for a record 16 percent of such transactions globally during the period, up from 6 percent a year earlier.
‘‘A lot of Chinese entrepreneurs want out of the U.S. markets. Share prices are depressed, and there are a lot of these deals in the pipeline,’’ said David Brown, greater China private equity practice leader at the auditing firm PricewaterhouseCoopers.
Valuations of companies from China that are listed in the United States have come under pressure in recent years after a wave of allegations of fraud and other accounting scandals. The Securities and Exchange Commission has deregistered the securities of nearly 50 China-based companies and has filed about 40 related fraud cases.
At the same time, a cross-border regulatory dispute over auditing procedures for Chinese companies listed in the United States escalated this month, when the S.E.C. charged the Chinese affiliates of the world’s four biggest accounting companies with violating securities law for failing to turn over documents related to their auditing work on businesses in China.
The standoff between United States and Chinese regulators over the auditing issue has raised concerns among multinational corporations that operate in both countries.
‘‘Failure to reach an agreement will create regulatory dead zones that harm investors and businesses,’’ the United States Chamber of Commerce said last week in a letter to securities regulators in Beijing and Washington. ‘‘The threat of retaliatory actions by regulators, on both sides of the Pacific, may create a regulatory protectionism that will harm both economies.’’
Time to take this baby private at about $3 to $3.50 a share IMO - if I were Cai I would be tiring of this rather lame trading activity... The inherent value of this company is not able to be realized in this market. Strategy switch time - their new IR is not making an impact yet either. Interested in tomorrow's activity, but likely more weakness in store.
Sound analysis as always - I see us breaking $3 next week - not sure why I think so - gut feeling...
Please explain today's trading a little more - possible institutional buying after the dump - spiked to $2.68 in last few minutes...unreal day!
WTF is going on - down 20 cents on more excellent news - cannot be tax loss selling because the stock is at a high - profit taking, shorting, idiocy or what?
I think the company will tire of this lack of respect in the market place - LPH is only up about 10-15% since warrant expiration and nothing really moves the stock - low volume trader activity, but without institutional buying, I doubt retail will give this stock a serious boost. Probably go private at about $3 or so... I say within 6 months if things don't change much, that will be the plan. JMO - still long all my shares.
Just printed 2.62 - getting close yet?
The Sierra thing is a joke - this is a fundamentally undervalued company which is building momentum... The Seeking Alpha article is a different story but the value is increasingly speaking for itself. I recieved a nice reply from their new IR - that too will help going forward. Great day here.
very healthy action this morning...
Agreed, too high too fast might bring corresponding exaggerated dips... slow and steady.
Looks like lift-off... loving the volume here.
over 200K in 6 minutes - different ball game now!
Looking forward to next week - next leg up just ahead - no shortage of news...
2.46 a/h - strong day...
Looks like power hour - volume surge and new 52 week high...
You may be right of course - I just see the patience, diligence and increased transparency etc. as not bearing enough fruit - in other words the company is not being adequately rewarded for its painstaking work to build value and be genuinely recognized as a serious investment worthy of institutions. Time will tell. It remains a trader's stock but the longs will be rewarded one way or the other...
IMO if this PPS does not (within 3-6 months) reach fair valuations ($5 plus or minus), then going private seems almost inevitable.
LPH printing fresh highs for the year...busting out a little.
Getting a little respect today - bumping up towards 52 week high... nice volume to start the day.
Warren Buffett could say this is worth 10 bucks and we still probably wouldn't budge... I am beginning to think this stock cannot move out of its current channel despite being fundamentally undervalued. Long and patient, but unsure what it will take for a real break-out to take effect here.
CFO grabbed a few thousand shares today...
It appears nothing will move this stock - warrants outstanding or not - hardly any reason to remain public... If they just signed new customers won't earning likely increase more than forecast? Unfortunate, as I had hoped that real growth and appreciation would occur here with the latest developments. Going the other direction.
Thanks very much for this - it's appreciated - still, LPH cannot seem to break out of this range and is seeing some weakness today - makes little sense to me... hold and wait.