GeoInvesting Responds to L&L Energy's Intent to Form Special Committee to Investigate GeoInvesting's Findings of Misrepresentation
SKIPPACK, Pa., Sept. 19, 2013 /PRNewswire/ -- Today, GeoInvesting issued a research report titled "GeoInvesting Blows the Whistle on L&L Energy" detailing multiple findings regarding L&L's misrepresentation of its business.
L&L subsequently issued a response to our report today indicating that they:
"...are forming a special committee with counsel's guidance to fully investigate this allegation."
GeoInvesting stands by its conclusions and will offer our assistance to any truly independent special committee in reviewing the evidence we have gathered, once we have completed the joint review of our evidence with the SEC, NASDAQ and any other regulatory body.
Dan David, Vice President