Re: Nasdaq - LLEN (L&L Energy)

GeoInvesting Blows The Whistle On L&L Energy
Sep 19 2013, 10:00 by: The GeoTeam | about: LLEN, includes: LPIH.OB BOOKMARKED / READ LATERBookmarkedAdded to your bookmarks on the Seeking Alpha homepage
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Disclosure: I am short LLEN. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. (More...)
(Editors' Note: This article discusses a micro-cap stock. Please be aware of the risks associated with these stocks.)
L&L Energy (LLEN) purports to be an American company engaged in producing, processing, and selling coal in the People's Republic of China with vertically-integrated operations that include mining, washing, wholesale, and distribution. GeoInvesting is preparing to file a whistleblower report to the NASDAQ and SEC that will accuse L&L Energy of defrauding investors by booking substantial revenue from operations that have been idled for quite some time. GeoInvesting also believes that LLEN's string of acquisitions and divestitures of various properties over the last few years amounts to a bait and switch shell game where it claimed to come into possession of assets through swap transactions that never occurred through the exchange of assets it never owned in the first place. Most notably, we will show that revenue of $77.6 million disclosed in LLEN's 2013 10K, generated from its Hong Xing coal washing factory, was actually close to zero, if it is not actually zero.
We are short LLEN, plan to continue to short, and have and will be active in the options market.
Since March 2010 GeoInvesting has exposed some of the most notorious U.S. Listed Chinese company (ChinaHybrid) frauds, including six that resulted in de-listings from major exchanges. Our most recent comprehensive exposé, "Longwei Petroleum - The Most Brazen China-Based U.S. Listed RTO Fraud to Date", published on January 3, 2013 resulted in an immediate trading halt and eventual delisting of Longwei (LPIH.OB). The stock was trading at around $2.20 at the time of our report and now trades for just pennies.
Sep 19 2013, 10:00 by: The GeoTeam | about: LLEN, includes: LPIH.OB BOOKMARKED / READ LATERBookmarkedAdded to your bookmarks on the Seeking Alpha homepage
Remove BookmarkXBookmark
Save this article to continue reading from your iPad Get the app »
Disclosure: I am short LLEN. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. (More...)
(Editors' Note: This article discusses a micro-cap stock. Please be aware of the risks associated with these stocks.)
L&L Energy (LLEN) purports to be an American company engaged in producing, processing, and selling coal in the People's Republic of China with vertically-integrated operations that include mining, washing, wholesale, and distribution. GeoInvesting is preparing to file a whistleblower report to the NASDAQ and SEC that will accuse L&L Energy of defrauding investors by booking substantial revenue from operations that have been idled for quite some time. GeoInvesting also believes that LLEN's string of acquisitions and divestitures of various properties over the last few years amounts to a bait and switch shell game where it claimed to come into possession of assets through swap transactions that never occurred through the exchange of assets it never owned in the first place. Most notably, we will show that revenue of $77.6 million disclosed in LLEN's 2013 10K, generated from its Hong Xing coal washing factory, was actually close to zero, if it is not actually zero.
We are short LLEN, plan to continue to short, and have and will be active in the options market.
Since March 2010 GeoInvesting has exposed some of the most notorious U.S. Listed Chinese company (ChinaHybrid) frauds, including six that resulted in de-listings from major exchanges. Our most recent comprehensive exposé, "Longwei Petroleum - The Most Brazen China-Based U.S. Listed RTO Fraud to Date", published on January 3, 2013 resulted in an immediate trading halt and eventual delisting of Longwei (LPIH.OB). The stock was trading at around $2.20 at the time of our report and now trades for just pennies.