Replies to post #956 on Longwei Petroleum (fka LPIH)

[Bobwins]

The numbers are so far apart. Something is wrong. Either they completely goofed up in the presentation OR they were going to lowball it and saw the market reaction. Which is it? Either way the company, it's CFO and RedChip are idiots! I'm pretty disappointed. We'll see how this unfolds. Bobwins

[Drexion2004]

Very weird, looks like the presentation numbers were completely wrong.

"We are projecting revenue of approximately $322 million in fiscal 2011, net income of $81 million, and earnings per share of approximately $0.86 per share."

81M / .86 = 94.2M share count by 2011? So now the financing will do very minimal dilution? Hrm...

"The estimated net income for fiscal 2010 is expected to be approximately $34 million."

Using 94.2M share count, $0.361 EPS for 2010?

EBITDA of "$47 million in fiscal 2010, which equates to EBITDA per share of approximately $0.50".

-Fernando