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Re: researcher59 post# 150620

Thursday, 01/03/2013 11:12:01 AM

Thursday, January 03, 2013 11:12:01 AM

Post# of 173965
LPH Geoinvesting put their report on seeking alpha. They call LPH the most brazen fraud they have found. Amazing to me how obvious some of this stuff would be to anyone who took the time to go over there and do their own research. For example, the railroad tracks that supposedly are used to fill their huge storage tanks are overgrown with weeds and based on weeks of time-elapse photography, they are inflating their sales #s by a factor of 880X. Incredible! Red collar crime hits US investors again. Stock now down to 48c and probably heading to zero. Interesting that the CFO, Mike Toups, is american and presumably under the jurisdiction of US authorities so I'll bet he is running scared now.

Here's a link:
http://seekingalpha.com/article/1092561-longwei-petroleum-the-most-brazen-china-based-u-s-listed-rto-to-date
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