Longhai Steel, Inc. (fka LGHS)

[Reap What U Sew]

This Chinese reverse merger is a scam. It always was and always will be. Michael Shumak at Guardian Securities took a block off of a Belmont Partner now ex employee for 10 cents on the dollar for Guardian to sell through boiler rooms and Guardian would sign the tickets. Only problem was the employees of Guardian did some due diligence on the company such as the mass resignation of the board, the Barrons article on Belmont partners and their 40 Chinese reverse mergers of which Longhai was one. This article went on to say the SEC was investigating these reverse mergers. Indictments have already come down on one. The replacement of the CFO with a Chinese national who signed a contract for the equivalent of $542.

Yea, keep trying to F--K the faceless.