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L&L Energy, Inc. LLEN

"L & L Energy Inc is currently engaged in the business of coal mining, coal consolidation, and wholesaling in the People's Republic of China and its operations are conducted in the coal-rich Yunnan Province in Southwest China."


OTCPK:LLEN - Post by User

Post by Cool_Sciroccoon Dec 10, 2012 4:47pm
81 Views
Post# 20709593

Ping Yi added $3.6M

Ping Yi added $3.6M

I'm not sure if this is for the six months (Q1 and Q2) or just Q2, but here's what the 10-Q has to say about the income from the Ping Yi deal (page 9):

As of October 31, 2012, the Company received total payment of $3,575,262 which $3,387,663 as prepayment of raw coal and $187,599 as coal washing facilities service.

If it's for six months, then since the 1Q 10-Q indicated about $825K from raw coal and $44K from coal washing, then it would appear that Ping Yi added roughly $2,563K from raw coal and $144K from coal washing to the Q2 total.

If the report is only showing Q2, then even better.

https://www.sec.gov/Archives/edgar/data/1137083/000113708312000081/llen10q2.htm

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