Longwei Petroleum (fka LPIH)

[rru2s]

I think that LPH still requires patience because the uncertainty is in "when" the market will recognize undervalued, not "whether" the market will recognize undervalued.

As we go forward, you can bet that at least 3 out of the next 4 quarters will show some strong revenues out of Huajie and an overall gradually increasing EPS, that is a given.

It is also a given that even before Huajie, PPS was way undervalued on the usual uncertainties - market not trusting the acquisition would be done.

Note that LPH's PPS rise from the end of June until the acquisition was about the market starting to recognize legitimacy from the auditor publishing a reconciliation covering 3 years of SAIC tax filings versus SEC filings. The next step is for the market to recognize that earnings are going up - the market will either get it in advance when PRs about operations startup, or PRs about preliminary revenues are released, or if still skeptical seeing-is-believing will happen all of a sudden when a 10Q is released with the documented earnings and sales figures from Huajie included.

One way or another, it is going to happen.