Longhai Steel, Inc. (fka LGHS)

[samsamsamiam]

I call a stock that trades 100 shares and moves the pps like it just did a SCAM. How pathetic. Here's hoping even the naive see through THAT move!
Gee let's get some analysis on that 100 trade - what DOES it mean!!!!! Who did it - what were they thinking??? chuckle

So did they give up on the secondary/Nasdaq thing and are settling to *stay under the radar* on the otc with a new symbol?


Will the SEC continue to go after the shell provider here - Meuse - like they just did with that recent litigation?
http://www.sec.gov/news/press/2011/2011-262.htm
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"biz.yahoo.com/ipo/undw_l.html

Ladenburg Thalmann & Co is the MM LTCO on L2, he sits on ask at $55 I believe, check it out, no jokes here, $55 is some serious dough..."


And to those that are touting Ladenburg have the ask at $55 - how shameful! You know that means absolutely nothing. They are also on the bid for $.10.
If you noticed on that yahoo link for the underwriters - you will see Ladenburg's other Meuse/Hebei/Steel r/m is still listed - but that deal COMPLETELY fell apart. I still expect the same to happen here. It a clone of what they did on Buddha Steel.