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T Squared is a fundamentally-oriented private investment firm focusing on special situation and deep value companies.
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  • L & L Energy Conclusively Proves Ownership Of Ping Yi 2 comments
    Mar 30, 2012 9:56 AM | about stocks: LLEN

    It is our opinion that the link provided by L & L Energy, Inc. (NASDAQ:LLEN) on their website (currently at http://www.llenergyinc.com/pr/Ping_Yi.html) fully puts an end to Geoinvesting's deliberate attempt to manipulate the share price of LLEN (as can be seen on January 17th, 19th and 20th, just before options expiration), a direct violation of Rule 10b-5 of the Securities Exchange Act of 1934, which reads:

    It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,

    a. To employ any device, scheme, or artifice to defraud,

    b. To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or

    c. To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security.

    Over the past couple months, and even more so with LLEN's letters published today, it is clear that Geoinvesting is fabricating false data and making untrue statements of material fact (and purposefully omitting facts) in order to mislead investors and manipulate the share price of LLEN for their own profit. Geoinvesting used the testimony from a coerced individual who had no legal or ownership rights Ping Yi to make the "conclusive" statement that LLEN did not own Ping Yi. This was completely false and manipulative, as per the definition above.

    The apparent nature of their activities can be broadly seen by the short selling activities the day they attempted to manipulate the stock price of LLEN. For example, by going to http://www.shortvolume.com/ and putting "LLEN" in as the ticker and changing the chart date criteria to "3 months" you will see that the stock dropped specifically in the period that Geoinvesting targeted their manipulative efforts (January 17th, 19th and 20th) and attempted to drive the stock price down. During that period approximately 90% of the volume was purely short selling and not the selling of actual shareholders. We believe this makes it clear and apparent that their intent was not only to provide false information to the market to move the market, but also through short selling give the appearance that individuals were selling the stock based on their news, when in reality this was just a ploy to spoke the market and create an unnatural market that enables them to profit.

    We can only hope that the proper authorities take notice and act appropriately to help preserve the integrity of the markets, as it is clear that Geoinvesting has no integrity.

    -----------------------
    Source of Information below: L & L Energy, Inc's website

    www.llenergyinc.com/pr/Ping_Yi.html

    In response to misleading and false allegations questioning L&L's ownership of its Ping Yi Mine, the Company has contacted Ping Yi's previous owners who confirmed L&L's purchase of the Ping Yi Mine. In the attached affirmation letter, the three former owners, Mr. Baoguo Zhang, Mr. Honglin Chen, and Mr. Shauangyou Liu state they were controlling owners and gave Mr. Baoguo Zhang the authority to sign the agreement selling the mine to L&L and confirmed that Mr. Baoguo Zhang received payments from L&L for the purchase of the mine.

    The former owners also signed a declaration stating that Mr. Hu Shiwei, who questioned L&L's ownership on a video, was misled by a third party. His statements were also the subject of a series of statements and videos that included incorrect information. In the declaration, the former owners of the Ping YI mine, who now reaffirm that they sold the Ping Yi Mine to L&L, request that any information stemming from Mr. HuShiwei be removed.

    Disclosure: I am long LLEN.

    Stocks: LLEN
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Comments (3)
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  • TSquared
    , contributor
    Comments (22) | Send Message
     
    Author’s reply » To clarify our statements per Geoinvestings comment today, below is what we claimed and we stand behind our comments:

     

    “A suspicious testimony of an individual who claims to be a minority owner of Ping Yi, who read from a pre-arranged script and included this person asking what his lines were, while the director of the video whispered to just read the script. Given the nature and appearance of the interview, we fundamentally and fully question Geoinvesting's intentions and the integrity of this individual that was acting out his role (actors typically get "paid money" for their role).”

     

    Our statements questioned this individuals “intent” and whether he was being “coerced” or “bribed”. Based on what we know today we are confident that he was bribed by Geoinvesting to act out his scripted role per the video that they released. This script we believe was written by Geoinvesting and their accomplice on the ground to attempt to manipulate the stock of LLEN.

     

    We stand by our statements and believe that the FBI and SEC should whole heartedly investigate Geoinvesting and their associates for market manipulation and their criminal activity.
    30 Mar 2012, 10:13 AM Reply Like
  • CoolWatch
    , contributor
    Comments (147) | Send Message
     
    LLEN has done the right thing now. And I really do not understand what GEO's reply really means.
    30 Mar 2012, 10:25 AM Reply Like
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