Seeking Alpha

L&L Energy forms committee to look at GeoInvesting allegations

  • L&L Energy (LLEN) says it is forming an independent committee to examine allegations made yesterday by GeoInvesting which sent shares plunging 38%.
  • GeoInvesting said LLEN has defrauded investors by booking revenue from idled operations, and the company's acquisitions and sales of various properties amounts to "a bait and switch game."
  • LLEN says the blogger "has made false and misleading statements about the company in the past, while admitting they were actively shorting our stock."
  • LLEN +0.8% premarket.
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Comments (1)
  • nautor42
    , contributor
    Comments (190) | Send Message
     
    Well, who'll be left standing when the truth comes out? Geo or LL?
    20 Sep 2013, 10:49 AM Reply Like
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