L&L Energy, Inc. ("L&L"), a coal-mining company founded in 1995, is incorporated in the State of Nevada with a corporate office located in Seattle, Washington.
L&L’s team consists of experienced professionals who utilize their extensive knowledge in U.S. accounting practices, M&A techniques, and bilingual skills to focus on high margin coal operations in the People’s Republic of China. The company leverages on the strong demand for coal in China, as well as rising coal prices of the growing Chinese economy. To keep its financial transparency, the company has been an SEC public reporting company with U.S. audited financial statements over the past eight years, since 2001.
The company is in its 15th year of operation, with over 1,000 employees and marketing offices at Seattle and Shenzhen. The Company has two operating mines, two mines in the development stage, two coal-washing facilities, and a wholesale distribution network in Yunnan Province. See the SEC filing for its latest financial report.
The company’s team, fluent in Mandarin and English, continues to acquire controlling interest in profitable coal-related entities in China, using its U.S. public trading prestige and extensive Chinese local network.
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Andycosta 19-Apr-2011 06:34 AM
Post Type:
Public
implying is same as making accusations.
Related party loans are disclosed as required a (#9477)
In Response to original message: #9469 posted by whitetiger on 07-Apr-2011 12:10 PM
implying is same as making accusations.
Related party loans are disclosed as required and they make sense. Hiding margin assumption is garbage - ie. tian-ri is developmental so what margin are they hiding?
L&L management are US citizens and so is board. You can sue them unlike other Chinese companies and they can go to jail in U.S. Ultimately based on weeks of on the ground due diligence i believe they are building a nice business. Obviously they need to grow and continually upgrade al aspects of their business as they expand. Their audit committee, which is very solid is working on auditor now. This is also per sarbox and this board is clearly better than any other Chinese company - even the IPO's from big banks.
While appreciate all sides to a story I find you accusations as mudslinging and baseless. I am short more positions than i am long in china (only long 2 as my team does a lot more work on the long calls).
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