Replies to post #1381 on Longwei Petroleum (fka LPIH)

[Drexion2004]

Preferred will be converted into common at a 1:1 ratio and yes, there are 13.5m preferred.

The way these things usually happen is that they are sold in 'units' of a share and a warrant. In this case, they gave the preferred instead of common+warrant...

-Fernando