Replies to post #29 on Keyuan Petrochemicals Inc. (fka KEYP)

[tbirdman]

*KEYP buying back $2M worth of shares all the way up to $1.50. http://alturl.com/ejfyz

*The buyback has been temporarily suspended since April, and according to the 10K filed, it will be suspended until they catch up on reports (still one quarter behind) http://alturl.com/9nu5c

*They bought back 118k shares at average of $1.14 per share so far, or $134k bought back so far. They WILL buy back more imo.

So here's the quiet period to take advantage of while they can't buy shares. They appear to be serious about it also...or the CEO is getting ready to take the company private if all else fails. Either way its a lucrative opportunity imo. With the CEO's connections and past business sales, this one's far from dead.

*CEO now controls a majority of the company btw (increased from 45.6% to 68.8%), while insider ownership totals around 83%: http://alturl.com/e6yhn

*Float is 9.8M shares

*Q2 filing currently outstanding http://alturl.com/zn8ju

*Settled with the SEC over government bribe slush fund earlier this year: http://alturl.com/taxxm

*Going private isn't just speculation.. http://alturl.com/rbpzj