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Parker2

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  • Heads You Lose 40%, Tails You Lose 70% On Gamble With Navidea Shares [View article]
    Guys, if there are cases of factually incorrect statements in this article, lodge a complaint with SeekingAlpha and they'll have to pull it per the terms of their website. Just simply tell them where it's wrong.
    Dec 20, 2012. 02:52 PM | Likes Like |Link to Comment
  • L&L Energy: Digging Into The Chinese Market [View article]
    I agreed. However, the issue is that GEO decided to use SAIC filings as proof, *without* ever going on-site to see the mine and do any other form of due diligence.

    The company offered written confirmation from the sellers that the transaction, in fact, took place. They then filed with the courts the SAIC filings, which was the crux of the class action (which will be dismissed, as you cite the insignificance of their use).

    the only reason I mention SAIC filings is that was the only thing GEO had in their research. Now they have nothing.
    Oct 19, 2012. 05:40 PM | Likes Like |Link to Comment
  • L&L Energy: Digging Into The Chinese Market [View article]
    FYI, LLEN did provide the verified SAIC filings that proved Geo was wrong.
    Oct 19, 2012. 02:15 PM | Likes Like |Link to Comment
  • L&L Energy Is A Profitable, Undervalued, Coal Company [View article]
    I’m afraid you’re not listening to me, as I have already addressed your points and now we are unfortunately on repeat mode.

    How often do you talk to Hamid?
    How often do you talk to LLEN?

    If you’re trying to offer both of them advice on how to better their business, why are you posting this on seekingalpha, where they will probably not see it, versus actually advising them on the subject?

    I know Kabani, I know LLEN’s situation. You suggesting that I know inside information because I follow the company better, is a little insulting to those of us who take the time to…well… know a company better than the casual observer. I tried to explain what I’ve gathered in knowledge on LLEN because I know this company better than others, but you continue to talk in generalities, that apply to any random company.

    I am done on this subject; clearly we are not getting through to each other because, like I said, we’re on repeat mode now. That and you appear to be misrepresenting my statements as well (please point to the place where I said "...no US listed Chinese company has been able to hire a new auditor...").
    Jul 19, 2012. 10:41 PM | Likes Like |Link to Comment
  • L&L Energy Is A Profitable, Undervalued, Coal Company [View article]
    To be clear, I never said I was the spokesperson for this company. I am not sure where you got that from. I am simply someone who apparently knows more about the market and have followed this company closer than others.

    You list many points, but it boils down to a couple simple issues. Sine you like to use bullet points, I’ll reply the same, although my answers not corresponding to your bullet numbers:

    1. The company’s CFO comes from E&Y and has a specialty of putting the proper internal controls in place for the company. He reviewed the deficiencies and worked to put the controls in place to remove such deficiencies. Yes, it is the auditor that states whether or not the controls are adequate, but if LLEN is working with the auditor to solve that problem, one can reasonably guess that it has been resolved when the company claims such. Hence the company’s statement last year. One needs to be rational here…

    2. I know Kabani well. I am not affiliated with either company, but I have seen them in action many times before. They are *not* of the scale to handle LLEN and are the reason for many of the delayed filings (the 10Ks namely), regardless of start time or money paid to them. LLEN recognizes this and says they need to upgrade to handle the larger company they are growing into. If you have followed the China market in any iota the past year or two, you know that auditors are extremely cautious about taking on new clients with assets essentially in China, due to all the negative publicity. Therefore (again, like I said in #1, one needs to be rational), it is completely reasonable that they are working to upgrade their auditor, but it is simply taking longer. They have explained this several times publicly that it is still in process, but frustratingly slow. You should not take this problem as an implication of fraud, as you are ignoring the problems the industry had over the past 18 months.

    Don’t get me wrong, I appreciate you analysis and think you are a smart person, but before you start making fraud (or at least red flag) implications, please have a greater understanding of the specific company and the communications they have made in the past regarding these same subjects.
    Jul 19, 2012. 02:44 PM | Likes Like |Link to Comment
  • L&L Energy Is A Profitable, Undervalued, Coal Company [View article]
    In reply to your last paragraph, the company announced toward the end of last year that they had rectified such internal controls, so the delay in this 10K is not a factor of that.

    It is, however, simly a factor of the ability of the auditor to be able to handle such a large, growing company, which is why LLEN has publicly stated on several occasions that they are in the market for a new one that can handle their growth.

    That is your reason for delay.
    Jul 19, 2012. 07:22 AM | Likes Like |Link to Comment
  • L&L Energy Is A Profitable, Undervalued, Coal Company [View article]
    Adam

    "How they're not doing a share buyback they said they would."

    - They said publicly that they cannot do the share buyback, legally, until the 10K is filed. It was in their press release on the subject.

    "How they keep delaying their filings."

    - You are going to have that problem with just about any sub-$150 million market cap company, no matter where their operations are. I see it happen more with companies with US operations than with Chinese operations.

    "The fact that they resold their Ying mine back to the original sellers. Geoteam wrote up an article about the company not really owning it in the first place."

    - Please read up on the subject first: Geo was proven wrong through a letter from the counterparty confirming that such a transaction originally took place. Read T-Squared's write-up on the reasoning why the sale occured (it's a blog on SA).
    Jul 18, 2012. 05:46 PM | Likes Like |Link to Comment
  • L&L Energy Is A Profitable, Undervalued, Coal Company [View article]
    What evidence do you have?
    Jul 18, 2012. 04:22 PM | Likes Like |Link to Comment
  • L&L Energy Is A Profitable, Undervalued, Coal Company [View article]
    Some of the forms of ownership verification LLEN has provided:

    - Audit reports verifying ownership;
    - legal opinions of the same;
    - legal documents of the transaction;
    - separate confirmations from the counterparty verifying the transactions took place;
    - independent verifications from other investors (actual on-the-ground due diligence);
    - a reconciliation of such SAIC filings to confirm they come very close to the SEC filings;
    - verification of LLEN's prescence and management of these mines;

    What do you have? The evidence is overwhelming to support LLEN's ownership.
    Jul 13, 2012. 04:05 PM | 3 Likes Like |Link to Comment
  • L&L Energy Is A Profitable, Undervalued, Coal Company [View article]
    LLEN provided a valid reconciliation between their SAIC and SEC filings for 2010, the year that Glaucus questioned the "legitimacy".

    If you think Kabani is supporting this fraud by actively ignoring this issue, then maybe you should bring it up with Kabani too?
    Jul 13, 2012. 03:23 PM | Likes Like |Link to Comment
  • MicroCapClub Interview With China RTO Researcher Dan David Co-Founder Of GeoInvesting [View instapost]
    Thanks for the interview, but I am unsure of Geoinvesting's integrity. I have proof that they have a history of fabricating data to fit their position.
    Jun 19, 2012. 03:20 PM | Likes Like |Link to Comment
  • Goldfield: A 'Four-Bagger' In The Making [View article]
    Baggishly,

    Just a word of caution: GeoInvesting did the same promotion of another company, VALV, and the company since fired its auditor and downgraded their business. Just keep in mind to take what Geo does as "due diligence" as a grain of salt: sometimes if you throw the dart as much as they have, you may get a hit.
    Jun 14, 2012. 03:09 PM | Likes Like |Link to Comment
  • 3 Beaten Down China Stocks To Consider [View article]
    Probably no sooner than when some firms realize that you can't just look at an SAIC file and cry "fraud" when there is none.
    Jun 7, 2012. 04:38 PM | Likes Like |Link to Comment
  • 10 Stocks To Fly Higher Than United Continental [View article]
    What do you think about EDS now?
    Apr 10, 2012. 11:26 AM | Likes Like |Link to Comment
  • Pictures Of Ping Yi Operations, Over Extended Period Of Time, Confirm L&L Energy's Ownership [View article]
    It shows that LLEN is actively managing the Ping Yi mine.
    Mar 8, 2012. 08:36 AM | Likes Like |Link to Comment
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