OK, let me list the Longwei series of events, as I understand them:
on Jan 3, 2013, a report is put out by GeoInvesting accusing LPH of blatant fraud (basically, they say it's a hollow business).....this is after a nice run in the stock price.....
after a huge drop, the Co never trades again under the symbol LPH....This was due to a T2 Halt.....the Co says they intend to "vigorously defend itself", and I assume the T2 halt was done at the Co request....it's a "pending information" halt.....
March 11, months later: Longwei reports
a Notice of Delisting from the NYSE MKT (the "Exchange") that its securities are subject to being delisted from the Exchange for failure to comply with Sections 132(e), 134, 801(h), 803(B)(2)(c), 803(B)(4), 1101, 1003(d) and 1003(f)(iii) of the NYSE MKT Company Guide (the "Company Guide").
they also say they will continue to defend themselves!!!! (despite never filing a 10-Q, just the NT in February)
Today: The Co starts trading again on the Grey Sheets as LPIH
so.....in the end, it was the Co's "clamming up" that got them put on the Greys.....yes, they did not "voluntarily delist" technically, but they kind of forced the issue by keeping the stock frozen with a T2, and not filing their 10-Q.....
anyway, another China Scam bites the dust, it seems......
