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Replies to post #9012 on Longwei Petroleum (fka LPIH)

Replies to #9012 on Longwei Petroleum (fka LPIH)
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honestengine_rh

08/03/16 1:12 PM

#9013 RE: helpx #9012

Shareholders will be loose but they will not lose. Considering management gave Toups $240,000 severance, I think a fair price would be offered, at least book value.

Remember, there are not very many ADR shares in the US. Over 90% of the shares are in China, with the two owners holding a huge majority.
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honestengine_rh

08/03/16 1:12 PM

#9014 RE: helpx #9012

Shareholders will be loose but they will not lose. Considering management gave Toups $240,000 severance, I think a fair price would be offered, at least book value.

Remember, there are not very many ADR shares in the US. Over 90% of the shares are in China, with the two owners holding a huge majority.