Hello,
Well, I am pleased to see that LPH are filling this lawsuit. I've read all of it and it completely supports everything I've learned from, and about this company over the past few years. I am glad that the CFO, the Accountants, and the lawyers all stand behind it as well. This is a serious action that can only be taken from the position that they, LPH, are not in the wrong at all. There is no opportunity for bluffing, or any other game playing on their part as the stakes are too high for everyone involved.
As for LPH's (lack of) filling/replying to/addressing the NYSE over the past few weeks I am not sure. I am assuming that they have been advised by their legal counsel to act in this manner. I make this assumption as LPH are using the delisting as part of the damages/consequences incurred by them as a result of GEO et al.'s actions.
I have observed that time and time again LPH have responded to every allegation brought against them. Accountings/Audits, Stock Issues/Conversions, you name it, they do respond completely and fully. And they have always given satisfactory answers. True they act on their own schedule in these matters; that's how they chose do business and they have never compromised themselves. For that they have earned my respect.
I do not know why the two Audit Committee members resigned. I am confident that a satisfactory explanation will be given by LPH at some point in the future.
I am impressed that they are going the whole nine yards in this lawsuit. It's about time this happened. Should they win the consequences will be significant. By this I am referring to the future behaviors of all short sellers/stock manipulators... not just the big little fish called Geo and Co. The final decision in LPH's lawsuit could very well set a precedent.
For now I suppose I can only be patient (not the for the first time with LPH) and hope that the lawsuit gets to court soon. The sooner the better.
Cheers,
ps. Caveat. If I am completely misguided/informed and utterly wrong in my above statements then I live in a world where black has become white and vice versa. Hopefully I am not a fool for believing that LPH is trying to honorably and lawfully set the record straight.
pps. The only possible irony I can see in all of this is that it might end being a Chinese Company that makes the United States of America (via the SEC) smarten up in matters of stock shorting/manipulation.
ppps. There is also the petty irony that the pipsqueak- what was his name? Cairn?- is married to a Chinese National... the idiot shot himself in the foot... as she did too.
AI
