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LPIH - Longwei Petroleum Investment Holding - Page 5

post #81 of 102
Quote:
Originally Posted by Bigcat View Post
Why is this dropping so hard?
B/C...I thought it would fall back down around the 2.60-70s but I just found that they had a filing today....I did read it but Im to knew at this to know wtf it all means. (Report of unscheduled material events or corporate changes is what was filed) is what was posted. They have nice forward looking pps for the stock but they are also talking about saling some shares i think.
If anyone knows how to read these damn things PLEASE read it and let us know. I seen good and bad i think.
B/C your better at this than me so maybe you could take a look?
post #82 of 102
Quote:
Originally Posted by markerinb View Post
Ya I did the same thing....looking to get back in if/when it falls in the 2.70s. Sooner if I here word of a uplisting
It's about the time then. Closed today at 2.44 + uplisting docs are filed with AMEX confirmed on RedChip conference last week.
post #83 of 102
Quote:
Originally Posted by bolsheada View Post
It's about the time then. Closed today at 2.44 + uplisting docs are filed with AMEX confirmed on RedChip conference last week.
Now that is the kinda news that will make a mans day!!
post #84 of 102
Is this going to go down to the 200MA, because if it is this looks like a great time to get in.

2.10 is looking nice.
post #85 of 102
May 14, 2010 (PR Newswire) --

TAIYUAN CITY, China, May 14 /PRNewswire-Asia-FirstCall/ -- Longwei Petroleum Investment Holding Ltd. (OTC Bulletin Board: LPIH) ("Longwei") will hold a conference call May 17th to discuss financial results for the third quarter of fiscal year 2010 ended March 31, 2010. The conference call is scheduled for Monday, May 17, 2010 at 1:00 p.m. Eastern time (10:00 a.m. Pacific). Earnings will be released pre-market on the morning of May 17, 2010.

To participate in the call please dial (877) 545-1407, or (719) 325-4758 for international calls, approximately 10 minutes prior to the scheduled start time. Interested parties can also listen via a live Internet webcast, which can be found via the Company's website at http://www.longweipetroleum.com , or alternately at http://ViaVid.net .

A replay of the call will be available for two weeks from 4:00 p.m. EDT on May 17, 2010, until 11:59 p.m. EDT on May 31, 2010. The number for the replay is (888) 203-1112, or (719) 457-0820 for international calls; the passcode for the replay is 4537973. In addition, a recording of the call will be available via the company's website at http://www.longweipetroleum.com for one year.
post #86 of 102
Whats going on with our Move to AMEX.....has anyone heard anything?????? This is killing me
post #87 of 102
Blog editorial...

Quote:
The Cheapest Oil Stock In China: Longwei Petroleum (OTC BB: LPIH)

Longwei Petroleum: LPIH
  • Recent Price: $2.15
  • 52 Week Range: $.74 to $3.28
  • ’09 Revenues (FY June of ’09) $200 million- $22 million net profits
  • Market Cap: $194 million
  • Rev calendar Q1 ’10: $97 million up from $50 million Q1 ’09 (94% growth).
  • Net profits over last 3 quarters- their FY ’10 (ends June): $30 million after you add back in another one time, non cash, BS GAAP charge for “derivative dividend”. Will deliver at least $.45 in EPS for FY’10 in non GAAP numbers. Cash flow is excellent.
  • The company has publicly stated it expects to deliver nearly $1/2 billion in revs in FY ’11 (July 1), and $73 million in net profits (non GAAP)- According to company, this equates to $.71 in EPS.

Overview: Longwei is an oil and gas operation. The company stores, transports, and sells finished petroleum products. It purchases finished product from refineries and moves to its large scale storage facilities. There’s no reason why the company, based on its track record, shouldn’t be able to deliver $.71 in EPS non GAAP, and I can’t see this stock trading at less than $5 in any sort of rational market.
post #88 of 102
I have NO idea how this stock is back below $2 but I am back in for a few thousand shares.....anyone here anything about there app for the AMEX?
post #89 of 102
Well Im still holding and loven that I sold at 2.90 and got back in at 2.00!!!!!! I sure wish I could find out what is going on with AMEX, I can't find anything online about it.
post #90 of 102
New CEO, and 2 new fillings....looks like we might be getting close
Jun. 24, 2010 (PR Newswire) --

TAIYUAN CITY, China, June 24 /PRNewswire-Asia-FirstCall/ -- Longwei Petroleum Investment Holding Ltd. (OTC Bulletin Board: LPIH) ("Longwei") announced today that Michael Toups has joined the Company as Chief Financial Officer, as of June 23, 2010. Mr. Toups, who is succeeding James Crane, will have overall leadership responsibility for the Company's finance and control functions.
post #91 of 102
Hi I'm new here but wanted to give you all a heads up, I spoke with the president of the PR firm that works this stock last Friday and he said LPIH would be listed today (obviously didn't happen) or next Tuesday so um yeah take these listing rumors for what they are worth. I bought this baby at .64 and am quite a happy camper though, I really hope it does get listed soon but i'm not holding my breath. Great company though now that they hired a new CFO and the Chinese energy companies are set to really take off if these guys play their cards right we can all make a ton on this one.
post #92 of 102
listed on the amex! I guess he wasnt lying! Will trade tomorrow July 22 2010 under ticker symbol LPH
post #93 of 102
Well I have been waitting on that to happen for a while! Hope we see a nice run today and a huge price increase tomorrow
post #94 of 102
Talk about freaking out, I opened my etrade and it was 8k short so I looked into it and etrade has now changed LPIH to LPH but it has not listed a price for it yet so it is showing up blank. I sure hope we see some major valume in the am!!
By the way THANKS RedStick for this one
post #95 of 102
WOW the ask on etrade is $22.72 & yes I know that is not gonna happen but it was a good laugh and dream when it poped up
post #96 of 102
let me know when the Bid is $22.72! l'll sell you mine for that price assuming no reverse splits of course!
post #97 of 102
Thread Starter 
LPIH to begin trading on AMEX today under the ticker symbol LPH (notice the difference between the two).

We did it folks!
post #98 of 102
yep yep, Thanks again Red! now if we can just pick up some valume from the big boys.
post #99 of 102
Well that sure wasn't the opening day I was hopen to see on the big boards. I don't play the big boards, anyone have any idea on how this should turn out over the next few weeks?
post #100 of 102
be patient, practically zero volume probably because everything else is getting bought up like crazy
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