Longwei Petroleum (fka LPIH)

[honestengine_rh]

Red Chip bailed when the lawsuits against LPIH came out. Why should they issue quarterly financial statements when they are not required to file them while delisted? It would be better to issue audited financial statements for the year.

The first order of business for the Company is to get 2 independent directors, which is what got them delisted. Quarterly, financial statements would do very little at this time. Anderson Bradshaw agreed with the Company's 1/2/13 PR, raising revenue guidance 31% YOY as they have in effect certified everything through 5/30/13.

Some information on the audit process:

http://seekingalpha.com/instablog/7768651-tenbagger421/1908901-everyday-is-independence-day-for-cpas