OTCPK:LLEN - Post by User
Post by
longonsinoon Oct 01, 2013 10:12am
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Post# 21780878
PR called me back
PR called me back
Excuse my prying and my lack of knowledge of LLEN, but PR called me back (I said I was a long time shareholder, a big white lie). I voiced my concerns, about Sino Forest similarities. He had some good points, that after 2011, the SEC scrutinized all companies (maybe especially Chinese) much more stringently. That LLEN was always a US company not an RTO. Management is buying back shares, institutions are also. Had 2 auditors working alongside each other (or something like that). So I am more comfortable of going long on this one (with a small position anyway). He said one by one, the company is commited to release info to knock down each allegation, the company is trading at 20% of book value, and he is 100% confident in the company (heard that one before, but anyway). My biggest concern was that a few t's or i's are not dotted in the records, even if the assets are not materially different, but I'm thinking now that should not be the deciding factor.