Longwei Petroleum (fka LPIH)

[comon16]

So many times in the past I have seen reverse splits to be the kiss of death so my bias is against a reverse split.

I know a number of people on the various IHUB boards have made money on low float Chinese stocks so I imagine that their bias would be for the reverse split. This is a general observation and not some kind of veiled poke at anyone.

Recently I have seen a number of stocks uplist to various exchanges or indexes(mill to Russell for instance) and then drop in price. Some kind of run up(The runup may not be much) before and drop after wards. I don't see LPH as being any different.

Also I know that with Chinese stocks in general being down many people are getting antsy(or already are antsy) and want something to happen with at least one of their holdings.

A reverse split is a big step. I would wait until the next scheduled financial reporting and see how LPH responds.

So my vote is no.