Longwei Petroleum (fka LPIH)

[rru2s]

Toups answered 2 questions I asked during presentation:

(1) timeline from signing of acquisition to when new facility earnings will add significantly to quarterly income?

Timeline was estimated to have letters of intent signed before end of this quarter, close deal next quarter, and then earnings from the new facility would begin in the first quarter of 2012 (i.e., starting July 1, 2011 quarter).

(2) Would LPH consider payment to the acquired company with shares instead of selling shares at a discount on the open market?

He wasn't sure he understood the question. He just said it would probably be a mixture of cash on-hand and shares.