L & L Energy (LLEN) Is Like A Mini Enron – Or Is It?

LLEN Stock, $LLEN, #LLEN, L & L Energy Inc., Dickson V. Lee M.B.A. CPA, The recently Nasdaq delisted penny stock of L & L Energy, Inc. (LLEN) gave OTC traders a chance to take full advantage of what the big board traders no longer wanted. Bouncing over 100% on the session, shares of LLEN stock hadn’t traded actively since November, 2013 when the value was rising from $1.35 to $1.68 during the last 3 weeks of active trading before failing to comply with the Nasdaq requirements. With the nearly 2 decade old energy company due to end their fiscal year this month, playing on the over $100,000,000 of revenues they will have reported from coal mining, clean coal, coal wholesale and coal washing operations is sure to be a gambler’s paradise.

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Market Cap: 17.82M
Last: 0.41 ▲ +0.20 (+95.24%)
Volume: 3,805,450
Dollar Volume: $1,265,620
Open: 0.24
High: 0.45
Low: 0.22
Trades: 823
14-Day Rel Strength:
1st Resistance Point: 0.50
1st Support Level: 0.27
52Wk High: 4.94
52Wk Low: 0.21

Back in November, 2013, L&L Energy was a booming Nasdaq listed company that was seeing a bullish pattern develop on their LLEN stock. All that came to an abrupt end when the SEC filed charges against the Seattle-based coal company and its founder, Dickson V. Lee M.B.A., CPA, for allegedly filing false statements about who was really running the company.

Unlike previous scandals which had CEO’s involved with ponzi schemes and fake contracts with shell corps, the SEC alleges that L&L Energy “created the false appearance that the company had a professional management team in place when in reality Dickson Lee was single-handedly controlling the company’s operations.” Although listing your brother as the CEO and a woman as the acting CFO might not be all that bad, the hammer fell hard on LLEN and Lee resigned on April 1, 2014 from the company which he founded 19 years ago.

Although the case against Lee is due to play out in court now that the SEC has unsealed the indictment against him, Lee appears to still own 7,406,597 shares of LLEN stock after his last purchase of 3,000 shares at $1.4249 back in November. Factor that in to the net revenues for the 3 and 9 months ended January 31, 2014 of $31,671,723 and $125,819,602, respectively, which produced net income for the respective periods of $5,604,083 and $23,208,072 and you got yourself a gambler’s paradise with LLEN stock.

Add in the fact that Ironridge Global IV, Ltd. owns shares of LLEN stock at prices 300-400% higher than where they closed on Tuesday and you’ve got yourself a clean energy play that’s dirtier than a coal miner’s underwear, but more bountiful than a ton a coal if played correctly.

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About LLEN Stock

L & L Energy, Inc. is an energy company producing its revenues from their China operations, focused on coal, and their Taiwan operations, focused on clean energy.

Click here to view the SEC filings for LLEN.
Click here to view the website for L & L Energy.

Authorized: 120,000,000
Issued and Outstanding: 43,470,705

Last 5 Trading Sessions:

Date Open High Low Last Change % Change Volume
04/22/14 0.24 0.45 0.22 0.41 +0.20 +95.24% 3,805,400
04/21/14 0.25 0.60 0.21 0.21 -1.05 -83.33% 5,497,300
01/16/14 1.26 1.26 1.26 1.26 -0.42 -25.00% 500
11/15/13 1.69 1.73 1.58 1.68 +0.04 +2.44% 1,035,900
11/14/13 1.61 1.69 1.52 1.64 +0.03 +1.86% 1,287,200

 

Bottom Line:

Recently delisted Nasdaq penny stocks are awesome plays, especially once the big board investors have dumped their positions in fear that owning an OTC listed company will make them the laughing stock at the country club. After the LLEN bounce back of yesterday, watching for it to hit the low 30’s would be ideal, but that opportunity has likely already come and gone.

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