Replies to post #9187 on Longwei Petroleum (fka LPIH)

[joev2]

I guess those frightened shorts were right all along. Toups should be in jail...

[honestengine_rh]

This is will force Longwei to either appeal, re-incorporate or go private. The value of the company and the stake that each shareholder has will not change. Currently, the book value is about $8 a share. Their near billion dollars in assets in China cannot be touched by Americans.

Remember, Harbin Electric went private at $24 a share. If it comes to that, we would also be paid a fair price.

https://www.reuters.com/article/usa-china-harbin/short-seller-target-harbin-electric-goes-private-idUSN1E79S08X20111029

BTW, I notice that there are no more short transactions. The new chief at the SEC might be cracking down on the riff-raff.

All shareholders should write a letter to Longwei with a copy of the notice in case they are not aware. Their address is:

No. 30 Dajingyu Street, Xiaojingyu Xiang, Wan Bailin District, Taiyuan City,
Shanxi Province, China 030024