Longwei Petroleum (fka LPIH)

[andrius]

looks like .14 in cash on books and stock down 1.70, they can't issue a dividend big enough to hurt shorts. they'd only hurt themselves giving away cash.

Taking it public they'd need a buyer, $2 is $200M. At this point who would be willing to risk that kind of $? Maybe if they do a bogus buyout offer that never materializes....

Merger same problems as above, who would want to?

Buyback could help put a bottom say .50. They got $14M cash and 34M float. But same as dividend it would cause problems leaving them cash strapped. And they would likely want to sell their own shares in off market transactions.

At this point few people would believe fantastic news, it would be sold into. They just had great news a day before this report and it dropped 80%+. All they can do is address accusations and lay out proof showing they were wrongly accused. Most people won't believe it anyway and still look to sell. But if they are for real after they wash out scared hands this could grind back to $1 range.