Just calling it as I see it. Over the years I have learned to try and keep my eyes and mind open to new information, although many times I suffer from just as much confirmation bias as the next guy.
Based on the information I just read and confirmed, that is a pretty substantial exaggeration on the storage capacity of not one facility, but all three facilities.
I am not here posting this to drive price down so I can buy back cheaper. I have made $$$ in LPH three years in a row, but I will not be buying back a fourth time.
The reason I am posting this is in case others don't want to lose money. My guess is that the exaggerated storage tank sizes show up in a hit piece in the next couple weeks. Of course I could be wrong.
However, I have both made big $$$ and lost big $$$ in RTOs in the past, so in general I don't take the shortseller allegations lightly. In this case I checked in out myself and their arguments are essentially valid. Whether other shortseller opinions are just mud-flinging b.s. or actually have merit, I have no clue. Many times I have held on to this or other stocks while the mud-flinging continues. However, this particular tid-bit of information was sufficent to change my opinion permanently on the honesty of this company.
So 1bohica, I wish you the best of luck and profits. I will not return to the LPH board, not because of your admonition, but because that is just my personal ethics.
AI
