Still holding LPIH as well. I analyzed risk and portfolio scenarios many times with LPIH in the last few weeks. The company has been in business since 1995, has more than doubled capacity in the last few months, in a region with growing demand, even if China has a dip the overall oil usage is still gonna be up. Plus, the CFO Crane has uplisted other China companies successfully, so uplisting should happen. Crane has also handled the accounting for warrants properly (unlike NEP, where their accounting did not properly handle multiple issues).
My idea is that as a worst case, until uplisting this stock is stuck in a trading range, going up on earnings and on news reports, going down on conversions. I am not going to sweat being down 8% from my basis price, as I've owned LPIH from 2.25 up to 3.20, then down to 2.05, then back up to 3, now back at 2.32.
Since the Dec.31 report came out mid-February, there should be a filing of the Q ending March 31 released in less than 2 weeks. Since the stock price at the end of 3/31 was about equal to the price on 12/31, the warrants won't negatively impact EPS this time, so the new facility's revenues should look pretty to the bottom line for this Q.
I see this stock climbing three hills one after the other -- First, earnings should make the stock price drift up for a week or two. Second, the market makers and news outlets will write about the earnings while also advertizing impending uplisting on SeekingAlpha, TheStreet, and a few other places, which should bring the price to around $3 to $3.30. Third, when the actual announcement of uplist happens, we'll see another $0.50 sharp spike in the course of the next 2 days, and after that, continued drifting upwards over 30 days to 60 days to a short-term peak around $4 to $4.70, give or take. After that it is anyone's guess, and will depend on the earnings through June 30 that are published around mid-August.
The only thing that might be a minor setback is if we have a world "fear-contango" regarding Greece and Spain. But that will only be temporary till uplist.
AI
