Along with this news, it was reported that Longwei would present at the RedChip Small-Cap Investor Conference in November, which is a great opportunity for the company. However, that positive news also couldn't push LPH stock up and currently its market position looks uncertain.
Longwei reported improved revenues, however, its operating loss reached over $22 thousand. The company's assets and stockholders' equity have increased and the management claims its cash resources would be sufficient to complete its operations.
So far, so good. At this point, everything seems to be fine with Longwei, except the unexplained loss on the market yesterday. Now the future of LPH stock is up to be seen.