Replies to post #2348 on Longhai Steel, Inc. (fka LGHS)

[samsamsamiam]

" and already vetted by Nasdaq, "
not anymore. after 6 amended attempts at their secondary offering they pulled the plug it seems.

"Our common stock is quoted on the OTC Bulletin Board under the symbol “ACTN.” The last reported sales price of our common stock on July 2, 2010 was $0.12 per share. We have been approved to list our common stock, Units and warrants on the NASDAQ Global Market under the symbols “LHAI”, “LHAIU” and “LHAIW” upon consummation of this offering."

http://www.sec.gov/Archives/edgar/data/1296286/000114420410067420/v206104_s1a.htm

http://www.sec.gov/Archives/edgar/data/1296286/999999999711000719/9999999997-11-000719-index.htm

Looks like $0.12 was the going price of this stock BEFORE some clown ran it to that $11.! Guess they saw the offering and guessed wrong!