Longwei Petroleum (fka LPIH)

[big-yank]

The Shanghai bourse hit a 9 1/2 month low, last Monday, as markets continue to depress most all Chinese issues, large, small and microcap due to liquidity and growth concerns. Longwei has traded consistently with a LOT of Chinese microcaps I have followed for years and its share price decline is more derived from macro concerns for the Chinese economy than the piddly pieces of bad PR you guys love to over-value.

I am not alarmed about a late filing, especially since they are changing out accounting firms. This company has almost always been profitable and there is scant concern that the situation will somehow drastically change.

I am not a buyer, only an interested follower at this point.

I do not think that this company is a scam. I do think their PR is atrocious and their prolonged periods of information silence prod a lot of presumptive games from swing traders and shorts. That wouldn't include you, would it?