Longwei Petroleum (fka LPIH)

[big-yank]

Glad you exited prior to the S/P meltdown. I find it very odd that the Geo diatribe appeared on January3, 2013 and the very next day the Rosen law firm filed a 22 page class action lawsuit referencing the GEO article among other things and already had lead plaintiffs identified and listed in their Los Angeles court filing.

I also find it interesting the Red Chip signs an angreement with Longwei in December, then abruptly cancels it the day of this filing.

The TV filming of the underused fueling terminal is troubling. I just don't know if it is condemning or just troubling.

And the resignations after the filing of litigation that included officers could totally be due to no or too little indemnification insurance for board members. I do not find this issue all that concerning.

This is not a new company and has performed decently throughout its early years, from my view. All of the negatives could be truthful, but but we also could simply be having a hysterical reaction to previous Chinese hybrids that have definitely had some "scam" concerns proven.

I am sitting it out and watching the outcome.