Replies to post #7875 on Longhai Steel, Inc. (fka LGHS)

[WhiteSahara]

Chinese steel should be in huge demand for the next decade and a half. LGHS will be fine as the Chinese economy will be requiring a boatload of steel for these projects:

http://www.businessinsider.com/chinese-infrastructure-projects-2012-9
http://news.usni.org/news-analysis/news/chinas-700-ship-navy

[sunspotter]

"which should help their economy and LGHS... we will have to see.... but at these prices how can you not take advantage ?"

You're assuming that LGHS is a legitimate company able to take advantage of the booming Chinese economy.

In reality everything about this Chinese VIE, from its very foundation and creation by known fraudsters through to its rotating door for all its US-based Directors and officers, its much vaunted but aborted NASDAQ "uplisting", the glacial progress of its S1, not to mention its past and current associations with some of the Internet's most crooked stock promoters, screams "SCAM".

[beach_trades]

LGHS-Chinese government according to its 12th Five Year Plan (2011-2015) All steel companies should benefit IMO

http://apcoworldwide.com/content/PDFs/Chinas_12th_Five-Year_Plan.pdf

http://cbi.typepad.com/china_direct/2011/05/chinas-twelfth-five-new-plan-the-full-english-version.html