Longwei Petroleum Posts Video Clips to Refute Geo Investing Charges; Shares Remain Halted

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Longwei Petroleum Investment Holding Ltd. ( LPH ) has posted its own on-site security video clips that refute the blog-post defamatory claims of Geo Investing.

As previously stated, Longwei believes the Geo Investing report contains numerous errors of facts, misleading speculations and malicious interpretations of events. The company says that it and its legal counsel in the U.S and China, as well as its auditor are reviewing the allegations and management has fully cooperated in the investigation.

LPH shares are currently halted as a result of the Geo Investing report which led to massive selling in LPH shares last week.

Shares last traded at $0.6244 on January 3 prior to the halt, after hitting a 52-week low of $0.46 earlier in the session.

Shares have a 52-week range of $0.46 - $2.85.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities


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