Longwei Petroleum (fka LPIH)

[MorningLightMountain]

well, they had been told in the past, and did NOT appeal:

also, no 10-Q, and are they surprised or something???)

http://ih.advfn.com/p.php?pid=nmona&article=56673999

TAIYUAN CITY, China, March 11, 2013 /PRNewswire/ -- Longwei Petroleum Investment Holding Ltd. (NYSE MKT: LPH) ("Longwei" or the "Company"), an energy company engaged in the storage and distribution of finished petroleum products in the People's Republic of China ("PRC"), announced that it has received 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").

as far as suing Geo, that's kind of ironic, considering the below:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86026671

http://www.sec.gov/Archives/edgar/data/1111817/000114331313000015/lphform2503222013.htm

(excerpts below....did they APPEAL in the required period to do so???...the exchange says NO)

March 22, 2013

Pursuant to Sections 1203 and 1009(d) of the Company Guide, the Company was given the right to request a hearing before a Listing Qualifications Panel within seven calendar days of the Staff Determination, or by March 12, 2013. The Company did not appeal the Staff Determination within the requisite time period or thereafter and has not otherwise regained compliance with the continued listing standards.


The Company is subject to delisting pursuant to Section 1003(f)(iii) of the Company Guide in that the Company or its management has engaged in operations, which, in Staff’s opinion, are contrary to the public interest. In this regard, Staff believes that the actions (including, but not limited to, inaction) of the Company and/or its management and/or its agents raise significant public interest concerns. The Company failed to satisfactorily address allegations regarding the Company raised in a report entitled “On-the-Ground Due Diligence & Investigatory Report on Longwei Petroleum” dated January 3, 2013 by GeoInvesting LLC (the “GeoInvesting Report”). The Company had not authorized its audit committee to investigate the matters referenced in the GeoInvesting Report. The resignations of two out of the Company’s three audit committee members including the committee’s chairman during the preparation and review of the Company’s financial statements for the period ended December 31, 2012 raise serious concerns that the reasons for their resignations may have been related to financial reporting or other irregularities at the Company. Staff is also concerned as to whether the Company will be able to timely file its Form 10-Q for the period ending March 31, 2013 with the SEC. These actions by the Company and/or its management and/or its agents cast material doubt on the integrity of the Company’s financial statements. Thus, continued listing of the Company’s common stock on the Exchange would not be in the public interest.