Longwei Petroleum (fka LPIH)

[Shinisaurus]

Toups is a complete dumbass, the warrant overhang is finally gone but now he creates a new one by talking about future dilution. What he fails to realize is everyone is waiting till after the raise to buy in, so he never would have seen a higher price than 2.70 (and i told him this at 2.70) He either needs to

1. Use debt financing for acquisition (difficult to find) or for working capital purpose (and use cash that was for WC for acquisition)
2. Go ahead and dilute and get this overhang gone (then issue bullish guidance)
3.Or make pr stating we have no plans to dilute now as we believe stock is significantly undervalued, and we will now use internal cash flow.

This stock is absurdly cheap if you can hold at least 8 months, this overhang will be gone one way or another, and we can expect to be making money hand over fist (long term).

3rd largest position in my portfolio