Post by
longonsino on Oct 01, 2013 10:12am
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.
Comment by
COO2002COO on Oct 01, 2013 10:15am
Longonsino: Are you referring ICR as the PR you talked to?
Comment by
longonsino on Oct 01, 2013 11:00am
Could be, I didn't quite catch exactly where he was from, but it wasn't L&L itself.