L&L Energy, Inc. LLEN

RE:RE:Tai Fung coal washing more info

[calmgripper]

A possible explanation is that LLEN manages and operates the HunTei facility but doesn't own it, but can claim revenue off the distribution.  Since this is under the TaiFung business unit where the HongXing facility sits, maybe they run this wholesale revenue through HongXing since it's not coming from an asset. 

Agree with you all, once this is explained away it will be a big boost, even if it's a mistake in the accounting approach.  Geo is essentially saying that because there is confusion the revenue doesn't exist and LLEN is cooking the books.  I don't believe that.  They may be running revenue through wrong channels, but that's a far cry from cooking the books.