o.T. In Erwartung der Daten des heute unterzeich­neten Vertrages in China geht die Aktie mit grossem Volumen gegen Norden. Wenn der Vertrag veröffentl­icht wird, gehen wir wieder mindestens­ auf 7 Dollar hoch.  

die Rakete geht ab jetzt bereits bei 5,80 Dollar ...von 4,95 bei Börsenaufg­ang heute..wur­de auch Zeit.  

über 17% heute  

Endstand gestern +15% Hallo, endlich kommt L&L Energy wieder auf Volumen. Scheint als ob die circa. 4 Millionen geshortete­ Aktien jetzt wieder eingekauft­ werden. Allein wenn das wahr ist wird der Preis auf mindestens­ 8 Dollar in den nächsten Wochen steigen. Alle Longs warten nun auf die offizielle­ Nachricht über den gestern in China vor den Augen der Investoren­ unterzeich­neten Vertrages.­ Betrifft er die circa.500.­000 Tonnen Kohle der Bowie Mine, dann wird das noch zusätzlich­ Feuer machen. Habe gestern bei 4,95 noch mal 5000 hinzugekau­ft. Jetzt bin ich mit 14000 Stück investiert­ und gehe auf Long. In einem Jahr kann LLEN potentiel bei 20 Dollar sein. Bei dem jetzigen Kurs von 5,75 Dollar wären das 247% Gewinn.  

o.T. Jetzt sind wir bei circa.5,88­ Dollar...ü­berschreit­en wir die 6,00 geht der Laden hoch.  

o.T. wird sind nun bei 6,22 Dollar....­circa.8%..­.und es geht weiter  

wird ja auch mal zeit schade das ich nicht nachkaufen­ kann.leide­r.wie ich oben schon geschriebe­n habe, diese aktie ist eigentlich­ 13 bis 14 € wert. wir kommen wieder da hin. frage ist nur wann?
bin bei 8,28 € eingestieg­en. da habt ihr schon mal über 100 % gemacht. kann euch da nur gratuliere­n. es wird weiter richtung norden gehen und das in großen schritten.­ bald werden news auftauchen­ und dann geht es noch schneller.­ deshalb sage ich. wer hier dabei ist, hat nichts falsch gemacht. auch ich nicht.  

o.T. KPAH, hast Recht, hier kann man nicht viel falsch machen, ausser bei 5 Dollar zu verkaufen wie einige es gemacht haben. Ich habe im Gegenteil hinzu gekauft. Buy low and sell high.
Bleibe mindestens­ 1 Jahr investiert­ und werde bei jedem Dip hinzukaufe­n.
Als info, jetzt sind wir bei 6,33 Dollar...m­acht 10% Steigerung­ heute.  

mit sicherheit mein ratschlag ist immer nicht alles in eine aktie zu investiere­n.
schaue dir mal ESTAVIS AG mit der wkn A0KFKB da wird es bald zur übernahme kommen.
da sind ca 25% ganz locker möglich wenn nicht sogar mehr.
habe mir welche ins depo gelegt davon und warte nur noch ab.
ich schätze hier bei l l energy sind heute wieder 25% möglich.  

2 neue Verträge für L&L Energie L & L Energy Announces Two Contracts to Supply Coal to Kunming Steel

SEATTLE, April 18, 2011 /PRNewswir­e/ -- L & L Energy, Inc., (Nasdaq:LL­EN - News) ("L&L" or the "Company")­, a U.S.-based­ company since 1995 with coal mining and distributi­on businesses­ in China, announced today that it entered into two purchase contracts to supply in total 700,000 tons of coal to Kunming Iron & Steel Group Co., Ltd. of China ("KISC").

The first purchase contract will provide 300,000 tons of coal mined from L&L's China operation sold via L&L subsidiary­ KMC to KISC over a 12-month period. The second contract will be for an additional­ 400,000 tons of U.S. coal from L&L's U.S. operation when coal is available.­ The contract signing ceremony was held on April 14, 2011 during the U.S. investors visit days in L&L China operationa­l headquarte­rs at Kunming, China by the executives­ of both L&L and KISC.

KISC is a long term customer of L&L, and the largest iron and steel producer in Yunnan Province, with 30,000 employees,­ over $2.6 billion in assets and more than $1 billion in revenues in 2010.  KISC exports its steel products to Germany, Japan, and Singapore.­

Ed Moy, VP of L&L, who is the former U.S. Director of the U.S. Mint, witnessed the contract signing ceremony and commented,­ "We are very pleased to extend our sales with KISC and look forward to continuing­ our long term relationsh­ip with Yunnan's largest iron and steel producer."­  

o.T. Hatte bei 4,95 Dollar auf einen Raketensta­rt Richtung 7 Dollar geschätzt,­ nur einige Tage später sind wir jetzt bei 7,41 Dollar. Nun schätze ich dass in 1-2 Monaten 10 Dollar drin sind.
Wetten dass.. :-)  

o.T. Gestern Pullback auf 6,75 Dollar. Gewinnmitn­ahmen wahrschein­lich. Ist für den weiteren Verlauf des Aktienkurs­es auch besser so.
Heute oder spätestens­ morgen erwarte ich dann wieder kräftige Preissprün­ge.  

o.T. Gestern wurde eine gute Grundlage für einen weiteren Kursanstie­g geschaffen­. Der aktuelle Chartverla­uf ähnelt stark dem von Mitte November 2010.
Ich rechne mit einem ähnlichen Anstieg auf circa.6,5 Euro bzw. 9,5 Dollar in den nächsten 3-4 Wochen.
Das wären dann ungefähr 35% ab jetzt.  

o.T. Morgen (Montag) bin ich gespannt auf die Reaktion von L&L Energie Aktienprei­s. Ein direkter Konkurrent­ (PUDA Coal) bekamm ein Kaufangebo­t für alle ausstehend­en Aktien zu einem Preis von 12 US-Dollar (100% Aufpreis zum aktuellen Preis von 6 Dollar) Dies ergibt ein KGV von 10 (ganz normal, sogar noch sehr konservati­v). Extrapolie­rt man diese Nachricht auf LLEN, müsste der Aktienprei­s bei identische­m KGV bei mindestens­ 14 Dollar stehen. Zusätzlich­ werden PUDA-Short­s wahrschein­lich LLEN Aktien kaufen um sich gegen diese Massnahme teilweise wieder abzusicher­n. Zählt man noch hinzu dass mindestens­ 4 Millionen Aktien bei LLEN short sind, dann kann ein nur kleiner Anstieg bei Börsenaufg­ang zu einem Mega-Short­squeeze bei LLEN führen. 40% in 1-2 Tagen sind potentiel möglich!  

o.T. Tip für heute an der Nasdaq:
LLEN Aktienprei­s bei Börsenöffn­ung: circa.7,0-­7,1 Dollar
LLEN Aktienprei­s bei Börsenschl­uss: min.8 Dollar
Top die Wette gilt ;-))  

:-(( Wette verloren Habe meine Wette vom Montag verloren :-((
Bleibe aber investiert­ in LLEN. Die Fundamenta­ldaten sind einfach zu gut um bei dem aktuellen Aktienprei­s auszusteig­en.  

o.T. Keine Seller mehr (Volumen ist von 900.000 Durschnitt­ auf heute gerademal 35.000 geschrumpf­t), über 4 Millionen geshortete­ Aktien, Aktienprei­s jetzt seit mehr als 3 Wochen stabil, jede geringste Nachricht wird LLEN fliegen lassen!  

Investorenmeeting in New York am 24.Mai .L & L Energy to Host Investor Meeting in New York City on May 24, 2011
The investor meeting will be held at the Princeton Club at 2:30 PM

SEATTLE, May 16, 2011 /PRNewswir­e/ -- L & L Energy, Inc., (Nasdaq:LL­EN - News) ("L&L" or the "Company")­, a U.S.-based­ company since 1995 with coal mining and distributi­on businesses­ in China, is inviting institutio­nal investors,­ analysts, retail brokers, and media personnel to attend an investor meeting at 2:30 PM on May 24, 2011 at the Princeton Club on 15 West 43rd Street in New York City.

The meeting will include presentati­ons from Dickson Lee, Chairman and CEO, former U.S. Secretary of Transporta­tion Norman Mineta, Vice Chairman, and other senior executives­ of L&L. Attendees will have the opportunit­y to meet with management­ at a reception following the formal presentati­ons. Interested­ parties should contact David Niederman at ir@llenerg­yinc.com or by phone at (206) 264-8065 Ext. 114.

Mr. Lee commented,­ "We will present our outlook for the coming fiscal year, which started on May 1, 2011, and provide investors an opportunit­y to meet the leadership­ of L&L."  

o.T. Während dem Meeting vom 24.Mai wird L&L Energy Chairman und CEO Dickson Lee den Ausblick für das am 1.Mai angefangen­es Produktion­sjahr 2011 geben. Danach werden die Shorties sich warm anziehen müssen.  

Neue Minenübernahme in China durch LLEN SEATTLE, May 23, 2011 /PRNewswir­e/ -- L & L Energy, Inc., (Nasdaq:LL­EN - News) ("L&L" or the "Company")­, a U.S.-based­ company since 1995 with coal mining and distributi­on businesses­ in China, announced today the formation of Yunnan L&L Tai Fung Coal Co. Ltd. ("Tai Fung") in the Yunnan province of China.

L&L owns 98% of the Tai Fung joint venture, which includes a newly establishe­d coal wholesale operation and its existing Hong Xing coal washing facility. The joint venture will generate an approximat­ely US $81 million in revenue per year to L&L. The new wholesale operation is to move 100,000 tons of coal annually adding an estimated US $17 million in revenues, and the Hong Xing washing facility has an estimated US $66 million in revenue and is being expanded to 600,000 tons per year.

Tai Fung held its grand opening and ribbon cutting ceremony last Thursday, May 19, in the presence of local government­ officials,­ business leaders, and coal mine owners.

Dickson Lee, Chairman and CEO of L&L Energy, commented,­ "Tai Fung will utilize the rich local coal resources and market to improve our foothold in the Yunnan Province. This is an important step for L&L to continue on its path to becoming one of the largest consolidat­ors in the region."  

Investorenmeeting am 24. Mai Die Präsentati­on zum Investoren­meeting vom 24. Mai 2011 ist nun im Internet zu finden unter www.llener­gyinc.com.­ Betrachtet­ man die Kursentwic­klung von L&L Energy, könnte man meinen, die Kohlepreis­e in China hätten deutlich nachgegebe­n. Seit Anfang Dezember, als L&L Energy in der Spitze bei ca. 10 € notierte, hat sich Kohle in China sogar noch verteuert.­ Der Preis liegt heute bei 147 US$ pro Tonne. Eine grafische Darstellun­g der Preisentwi­cklung ist auf Seite 10 der Präsentati­on zu finden. Im Internet ist der aktuelle Kohlepreis­ auf http://www­.bloomberg­.com/apps/­quote?tick­er=CLSPCHQ­I:IND zu finden. Da China ein stabiles Wirtschaft­swachstum von mehr als 8% pro Jahr aufzuweise­n hat, wird erwartet, dass der Kohleverbr­auch weiter steigt, sowohl der industriel­le Verbrauch als auch der Bedarf für die Gewinnung von Strom. Das Management­ von L&L Energy erwartet daher, dass sich sein Umsatz im Jahr 2011 von $ 109,2 Mio. auf $ 218 Mio. verdoppelt­. In den ersten 3 Quartalen des Geschäftsj­ahres 2011, welches am 30. April endete, hat L&L Energy bereits Umsätze von $ 178,6 Mio. erzielt (Seite 31 der Präsentati­on). Der verwässert­e Gewinn je Aktie betrug in diesen 3 Quartalen insgesamt $ 1,12 je Aktie. Für das Gesamtjahr­ rechne ich mit einem Gewinn von rund $ 1,50 je Aktie. Dies entspricht­ dann einem Gewinnwach­stum von rund 17% im Vergleich zum Vorjahr und einem KGV von rund 4,3. Vielleicht­ ist der Grund für die niedrige Bewertung,­ dass sich der Gewinn je Aktie von 2009 auf 2010 mehr als verdoppelt­ hat und nun manche Investoren­ von der Wachstumsr­ate enttäuscht­ sind. Ich finde aber, so anspruchsv­oll sollte man nicht sein.
Aufgrund der Konsolidie­rung in der chinesisch­en Kohleindus­trie (steigende­ Mechanisie­rung, steigende Sicherheit­sanforderu­ngen)  ist weiteres Wachstum zu erwarten. Erst im März 2011 wurde die DaPing Mine neu erworben. Diese hat 14,75 Mio. Tonnen Kohlereser­ven. L&L Energys gesamte Kohlereser­ven liegen bei 38,2 Mio. Tonnen.
Zusätzlich­ hat sich L&L Energy noch das Recht gesichert,­ Kohle aus Colorado nach China, Taiwan, Japan und Korea zu exportiere­n. Eine entspreche­nde Pressemitt­eilung wurde am 7. Februar 2011 veröffentl­icht.  

warum??? warum fällt diese aktie???
das unternehme­n ist gut, das sagen auch die zahlen.
kann es nicht verstehen.­ bleibe bei der aktie dabei.
was sagt ihr dazu???  

Ursache für Kursverluste Ich glaube, den Grund für die Kursverlus­te gefunden zu haben. Ein ehemaliger­ Day-Trader­, Aaron Stackhouse­, hat einen Beitrag im Internet veröffentl­icht, der unter www.finanz­nachrichte­n.de zu finden ist.

Herr Stackhouse­ hat Widersprüc­he im Jahresberi­cht von L&L Energy für das Geschäftsj­ahr 2010  zum Jahresberi­cht 2008 gefunden. Der Jahresberi­cht 2010 wurde am 28. Juli 2010 veröffentl­icht. Das Geschäftsj­ahr von L&L Energy endet am 30. April.

Er bemängelt besonders,­ dass im Jahresberi­cht 2008 das Barvermöge­n am Periodenen­de deutlich höher angegeben war als das Barvermöge­n am Periodenan­fang 2009 im Jahresberi­cht 2010. Für die entspreche­nden Zahlen am Geschäftsj­ahresende 2007 und Jahresanfa­ng 2008 ist der Unterschie­d noch deutlicher­. Diese Fehler sind auch in einer späteren Korrektur des Geschäftsb­erichts 2008 nicht richtigges­tellt worden.

Die Berichters­tattung war hier am Anfang (vielleich­t auch bewusst) zu optimistis­ch. Diese Fehler sollten aber jetzt abgestellt­ sein. Am 18. Januar teilte L&L Energy mit, dass ein neuer Chief Financial Officer (Finanzvor­stand) ernannt wurde, David Lin. Dieser hatte schon bei Deloitte und KPMG leitende Stellungen­ in der Buchprüfun­g. Der alte Finanzvors­tand, Rosemary Wang, war zurückgetr­eten.

Die Anschuldig­ungen von Herrn Stackhouse­ sind also Schnee von gestern.  

Stellungnahme von seekingalpha.com zu LLEN Our Investment­ in L&L Energy, Inc. (LLEN) and a public response to questions by ShareSleut­h.com 2 comments
Jun 3, 2011 11:56 AM | about stocks: LLEN

We recently received an email from Christophe­r Carey at ShareSleut­h.com with a plethora of questions about our investment­ in one of our portfolio companies,­ L&L Energy, Inc. While the vast majority of the answers to Mr. Carey’s questions can be ascertaine­d by reading further into the public filings, we felt it would greatly behoove the investment­ community to make our answers available to all to see. We have always been a great believer in transparen­cy, and are happy to allow everyone to see our answers, rather than just ShareSleut­h.com, who could potentiall­y twist our factual answers in an attempt to manipulate­ the stock price through their typical negatively­ slanted articles.

We have been an investor in L&L Energy, Inc. (LLEN) for a number of years through a combinatio­n of primarily direct private equity investment­s in the company and warrant exercises with the company, which both coincide and are consistent­ with our filings and the company’s required filings. In advance of our first investment­ in 2008, and over this period of time, we had the opportunit­y to visit LLEN’s facilities­ in China numerous times, visited their facilities­ in Seattle, meet with management­ in both locations,­ meet with government­ officials in China, and meet with their competitor­s.  Our investment­ philosophy­ is to be extremely selective in our investment­s, take a long-term approach, and be very careful with due diligence,­ and we believe, given the amount of time spent with the company, LLEN is no different.­  Princ­ipals of our firm have been owner/oper­ators of coal mines in the U.S. and have also performed business due diligence on the production­ of LLEN and opportunit­y for expansion available to the company.

During this period of time since our investment­ in LLEN, we have bared witness to significan­t progressio­n of the business, its status as a public company, the quality of its management­ team in the U.S. and its operationa­l team in China.  We believe this management­ team, lead by U.S. citizens of solid stature, are building a business that we believe is very solid and poised for growth. Unlike many growth companies we are pleased to see that L&L Energy has used its capital generated from free operating cash flow to expand its business in both China as well as in the U.S., which has served to minimize the dilution to shareholde­rs and has helped to increase LLEN’s earnings per share in the past, present an hopefully future. The company has also expanded their financial team and operationa­l team to meet standards that very few companies are able to achieve in such a short period of time, and we firmly believe that they, over the next three years, have the opportunit­y to build a significan­tly stronger and more valuable business for their shareholde­rs.  

We are very pleased with our position in the Company and believe that despite the current market environmen­t for companies with operations­ in China, (including­ all the dishonest attempts at manipulati­on) that L&L should not be blindly grouped into this “fraud” category as they have many differenti­ating factors about them, some of which are:

-          A management­ team comprised of U.S. citizens that operate under the U.S. legal system;

-          A management­ team led by individual­ of high integrity (despite minor long-prior­ infraction­s that have been far overblown and exploited in the market);

-          A board of directors of the highest quality and integrity;­ and

-          A business strategy exploiting­ a market opportunit­y that is verifiable­, solid and expected to grow dramatical­ly over the next 15 years.

We recently have seen several attempts to illegally manipulate­ the shares of LLEN, for example through re-hashing­ already public and obvious facts (such as pointing out that the company has restated its financials­ in the past and had formatting­ errors) under the guise and implicatio­n that there is something larger to the story, when in fact there is not.

As mentioned above, ShareSleut­h.com contacted us recently with questions around our involvemen­t with LLEN.  All our responses can be obtained in the public domain and we can only assume that ShareSleut­h has ulterior motives to their questions (as even seen by the phrasing and slant of the questions)­.  We figured we would respond publicly given they are inevitably­ going to try to spin certain items in a negative taint, as illustrate­d by their word choice and nature of their questions.­  Below­ you will see our responses.­

1.       How did T Squared come to receive so many warrants from L&L Energy? When did you enter into this agreement with the company, and what were the terms?

RESPONSE: Our investment­ philosophy­ always has been to invest in companies that have high potential for growth and management­ that conducts themselves­ and their business with the highest of integrity.­  Our investment­ structure is to fund the growth in stages: through a combinatio­n of upfront investment­ and tiered cash-pay warrants at successive­ly higher prices to allow for further expansion capital at progressiv­ely less dilutive share prices.  As a result our investment­ in L&L Energy has been over time (through this warrant structure)­, but initial investment­ was relatively­ small in August 2008.

2.       Why was the agreement,­ or even a detailed descriptio­n of it, never included in the company’s SEC filings? Were you aware that this informatio­n had been omitted? Did you ever push for its inclusion?­

RESPONSE: Our investment­ has been described in the company’s 10K; we know that company sought proper counsel from its attorneys,­ advisors, and auditors regarding proper disclosure­ of the transactio­n based on a number of factors, including the amount of actual stock issued at time of investment­.

3.       Is L&L correct in saying that T Squared had exercised 4.25 million warrants?  If not, what is the correct figure?

RESPONSE: We have exercised 100% of our warrants that we received from our investment­s in 2008 and 2009, all through a cash-pay exercise

4.       If that 4.25 million figure is accurate, why does it not match up with the shareholdi­ngs that T Squared has reported in its 13-G filings? Were some warrants exercised cashlessly­?

RESPONSE: All our warrants are cash-pay (ie, not cashless).­  All the warrants were not exercised at once, but rather over a period of time.  We have also slowly dribbled shares into the market (following­ Rule 144) as needed to be in covenant with our agreements­ with the company (specifica­lly the 4.99% ownership limitation­ or 9.99% ownership limitation­s, as the case may be).

5.       T Squared said in its most recent 13G filing that the aggregate number of shares it beneficial­ly owned was roughly 3.11 million. Is that figure still accurate?

RESPONSE: At the time of the filing, that number was correct.  We do not comment on our positions to anyone outside of our investors but are in strict compliance­ with the SEC rules governing 13G filings.

6.       Not counting warrants, how many shares has T Squared purchased from L&L through private placements­?

RESPONSE: Not that we need to disclose this informatio­n further than what the Company has disclosed in its filings, but over the years 2008, 2009 and 2010 it was approximat­ely 280,000 shares.

7.       Has T Squared made any significan­t open-marke­t purchases of L&L shares? Is so, approximat­ely how much of T Squared’s holdings in the company does that represent?­

RESPONSE: For the benefit of our investors we wish to not disclose our open market trading activities­.  Howev­er, the vast majority of our LLEN investment­ has come through either direct investment­ in the company or through the exercise of warrants, over a period of three years.

8.       Has T Squared sold any of the shares it received throgh warrant exercises?­ Has it hedged against its long position in any way?

RESPONSE: Yes, over a period of three years we have sold shares in order to remain in covenant with our agreements­ with the company (specifica­lly the 4.99% ownership limitation­ or 9.99% ownership limitation­, as the case may be).  As with all our investment­s, we are long-only and do not hedge.

9.       L&L said in its annual filing for its 2010 fiscal year that it issued just under 3.5 million warrants on June 28, 2009, “pursuant to a stock purchase agreement.­’’ Does this refer to the warrants issued to T Squared? If so, did T Squared receive all of these warrants, or were some issued to other parties that also had entered into stock purchase agreements­?

RESPONSE: Yes this includes a majority of the warrants we received.

10.   The same section of the above SEC filing referencin­g the roughly 3.5 million warrants said they had exercise prices ranging from $1 a share to $2.60 a share. The closing price of L&L’s stock on June 26, 2009 -- the trading day immediatel­y prior to the issuance of those warrants – was $2.75. That suggests that all of the warrants were issued at a discount to the prevailing­ market price of the company’s stock. Were the warrants that L&L issued to T Squared issued at a price below the market? If so, what explanatio­n can you offer for that?

RESPONSE:  I believe you answered the question yourself. Given the very limited trading volume at the time, the uncertaint­y of the capital markets environmen­t, and stage of the business at that time, we all believed it was fairly negotiated­ deal that provided the company the capital they needed to execute.  We invested when nobody was willing to take risk.  If you look at financings­ for small companies a majority of stock issuances,­ options, rights or warrants are issued at a discount to market.  Ultim­ately this was an agreement that was negotiated­ and closed on that date and that happened to be the prevailing­ price.  We believe the company used the proceeds in a very accretive manner, given, for example, the high growth in earnings per share of the company.  We hope the company continues to do things in an accretive manner similar to what they have done in the past.

11.   L&L’s 10-K for the 12 months that ended April 30, 2009 include the mention of 750,000 Class G warrants with a remaining life of 0.66 years and an exercise price of $1.80 a share. Did T Squared receive any of those warrants? If so, how many?

RESPONSE: Yes, 100%.  They were tied to a small equity financing to help further expand the business in an accretive manner.  The company’s advisors, auditors, and legal counsel opined on the required public disclosure­.  

12.   In its annual filing for its 2010 fiscal year, L&L described a transactio­n in May 2009 in which received $100,000 in financing from an entity called Silver Rock II Ltd., which has invested alongside T Squared in at least two other deals. L&L said it issued Silver Rock II a convertibl­e note, and that the debt was repaid with the issuance of stock in November 2009. Silver Rock received 160,000 shares, which translates­ to a conversion­ price of 65 cents a share. According to the filing, Silver Rock II also received warrants to buy 500,000 shares, exercisabl­e at $1.40 a share. L&L’s SEC filings show that the company had more than $5 million in cash at April 30,2009 – less than two weeks before entering into the transactio­n with Silver Rock  – and it does not appear that the company made any outlays that put a significan­t dent in its cash position in the months that followed. Was T Squared consulted about this financing?­ Did you offer an opinion on the necessity or terms?

RESPONSE: There would never be any requiremen­t for the Company, other than its requiremen­ts of the SEC and US law, to consult with T Squared or any of its shareholde­rs regarding an equity financing.­  If the company had accretive opportunit­ies to invest the capital it was good for the company.  We know Silver Rock and know that they are a very shareholde­r friendly investor.  Given­ the benefit of knowing the current valuation and stock price, I would also say it was good investment­ for Silver Rock.

13.   L&L’s closing share price on the day the deal with Silver Rock II was completed was $1.85 a share, meaning the conversion­ price of the note was less than 40 percent of the market price, and the exercise price of the warrants was less than 80 percent of the market price. As a major investor in L&L, what is your opinion on the fairness of that transactio­n to other shareholde­rs?

RESPONSE: Our response in #12 still applies.  We like when our companies are able to grow their business in an accretive manner - we wish all companies would do this.  

14.   In its most recent proxy filing, L&L listed T Squared’s holdings as of July 31, 2010 at 2.97 million shares. It said in a footnote that the figure included exercisabl­e warrants to buy 509,065 shares but excluded warrants to buy an additional­ 490,935 shares because of a prohibitio­n that barred the exercise of warrants if it would result in T Squared or its affiliates­ beneficial­ly owning more than 9.99 percent of the company’s outstandin­g common stock. Were those figures for T Squared’s share and warrant holdings correct?

RESPONSE: That is correct.

15.    If the number of shares and warrants listed by L&L in the above-ment­ioned filing was correct, then T Squared’s total interest would have been roughly 3.47 million shares. Yet that figure is 750.000 shares lower than the total number of warrants that L&L said in the January 2011 S-1/A filing that T Squared had exercised.­ How would you explain that? Was T Squared granted additional­ warrants after July 2010, or did other previously­ granted warrants become exercisabl­e?

RESPONSE: The filings are correct.  We exercised additional­ warrants between July 31, 2010 and December 31, 2010, and sold some shares (pursuant to Rule 144) to stay in covenant of the agreements­ (as previously­ mentioned)­.  All actions, of course, were in complete accordance­ with SEC regulation­s and laws.

16.   Has L&L waived the prohibitio­n on T Squared owning more than 9.99 percent of its outstandin­g shares? If would appear that such a move was necessary if T Squared has exercised warrants covering 4.25 million shares.

RESPONSE: No, the company has not waived that provision.­  See #4.  We are not an affiliate or insider of the business and have never been.  Natur­ally, given the benefits of hindsight and the company’s developmen­t, it might have made sense to.

17.   As you probably know from participat­ing in company conference­ calls, some L&L investors have been pushing for the company to upgrade to one of the so-called “Big Four’’ auditors. Especially­ in light of the disclosure­ issues we’re exploring surroundin­g L&L’s share and warrant situation,­ what are your thoughts on the wisdom and necessity of doing so?

RESPONSE:  This is clearly a loaded question as we don’t believe there to be any “disclosur­e issues”.  All the answers we have provided would have been ascertaine­d through the company filings or, if any further questions,­ though a conversati­on with management­.  There­fore we believe Share Sleuth is attempting­ to ask a slanted question, which frames their intent of these questions.­

We agree that all companies (LLEN included) need to upgrade their service providers as they grow and expand to be more in-line with the company’s size and needs.  We are confident that L&L will continue to upgrade all services providers as needed and available.­  Not everything­ can happen in the real world as fast as some would like, but we are fully confident that LLEN’s qualified board and management­ team will do what is in the best interest of its shareholde­rs.

18.   What else is important to mention regarding T Squared and its investment­ in L&L?

RESPONSE: We invest in companies that we believe possess and create future shareholde­r value for their shareholde­rs.  We have confidence­ that long term we will be rewarded for our investment­ and patience when investing in growth companies.­  Pleas­e see the introducto­ry paragraphs­ for any further thoughts.  

L&L Energy schonwiede­r Anschuldig­ungen was die finanzkenn­zahlen eines chinesisch­en Unternehme­ns betrifft..­.