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 04:34 PM
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Maj - i am not asking you to invest nor has my intention been to try to get you to invest. (#9521)
In Response to original message: #9517 posted by whitetiger on 07-Apr-2011 12:10 PM
Maj - i am not asking you to invest nor has my intention been to try to get you to invest. That is not my purpose of posting. My purpose of posting is that you were trying to spread false allegations that i viewed as mudslinging and tacky. I don't find it funny that investors lost money. I made money shorting names as well but in Australia i lost money in the past as well and thats part of investing at times. Most of my investing historically was in Australia until about three years ago when pouched a team from a Chinese private equity firm. i believe everyone should do on the ground due diligence, audit work and legal checks. With regards to L&L I agree they need to upgrade from Kabani, but i also have faith in Andy and Ian to ensure they pick the best partner for the long term. Given the company hasn't diluted shareholders and has used its cash from operations to build assets that are verifiable that makes me happy versus what most of these companies are doing - which is why i started my due diligence on the company initially. Companies i target for shorts are the ones where they sit there with $70 million in the bank and trade at 3 times earnings and then raise more money with no identified purpose or desire to use internal cf.
my answer to your question is no. I do not invest unless i can verify the business on the ground and over time.