Longwei Petroleum (fka LPIH)

[MorningLightMountain]

problem is, it's claimed Toups vouched for trucks (according to Geo, I assume their source of the promotional video is quoted accurately!!!...I have not watched it myself).....I don't know if he/they also mentioned rail, but the below seems to me that they are talking about trucks:

Our video surveillance proves that CFO Mike Toups' claim of 50-60 trucks per day fueling at LPH's Taiyuan facility is an outrageous exaggeration that Mr. Toups should be well aware of every time he visited the nearly idle Taiyuan facility.

(BTW, I'm also suspicious of ANYONE who had/has ANY ties to the Tampa penny stock scene, such as Toups.....his father Leon was the founder of Toups Technology, which morphed into EFTI, a notorious John Stanton scam Co....Stanton was recently convicted of major tax frauds, and will be behind bars for some time......he got off lightly, IMO, why he never was also charged by the SEC for his numerous other penny stock antics beats me!!!...guess the IRS has more teeth than the SEC....Michael Toups was once a CFO of EFTI (EarthFirst), see his LinkedIn profile....I hear he even lives close to Stanton's old address....doesn't prove anything, I admit, but when in doubt I personally don't trust these Tampa penny stock operators with my hard earned cash....just my opinion on that, FWIW...)



In fact, at 25 minutes into the promotional video, CEO Dave Gentry points out that CBEH was halted from trading and under SEC investigation for potential fraud after investors filmed its facility for four months and determined that the flow of trucks did not match the revenue and earnings that the company was reporting. Mr. Gentry then asks LPH CFO Mike Toups:

"To what extent have you verified what we're seeing on the ground what we're told in the financials is accurate?"

Mr. Toups replies:

"Dave, I've spent a considerable amount of time here in Taiyuan City working with the company, working with the management. I've really rolled up my sleeves in terms of understanding the financials…"

Mr. Toups then announces that LPH would set up webcams on its new website so investors could view the facilities and see the tanker trucks fueling. Nine months later, after repeatedly making excuses for delays installing the live webcams, Mr. Toups (on page 15 of LPH's Q2 2012 earnings conference call transcript dated February 10, 2012) announced that the webcam project failed because "The Company deals with several sensitive industries in terms of some of the customers that we serve, the military or military-related customers, so we have not been able to come out through the Chinese firewall with the webcams or any type of a live feed."

Our video surveillance proves that CFO Mike Toups' claim of 50-60 trucks per day fueling at LPH's Taiyuan facility is an outrageous exaggeration that Mr. Toups should be well aware of every time he visited the nearly idle Taiyuan facility. The real reason LPH never installed the webcams is because they have no business to film, as we observed during our 7 weeks of time-lapse video surveillance. LPH is defrauding its investors, just like China Integrated Energy, only on an even larger scale.