L&L Energy, Inc. (LLEN) F1Q2013 Results Earnings Call September 11, 2012 11:30 AM ET Executives Sean Morishige - Assistant Ian Robinson - Chief Financial Officer Clayton Fong - Vice President, U.S. Operations Analysts Don Sinsabaugh - Fulcrum Securities Steve Anderson - Private Investor Jack Casey - Private Investor Gary Scott - Private Investor PresentationOperator
Good day, ladies and gentlemen. And welcome to the L&L Energy Incorporated First Quarter Fiscal Year 2013 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. (Operator Instructions) As a reminder, this conference call is being recorded. I would now like to introduce your host for today’s conference, Mr. Sean Morishige. Sir, you may begin. Sean Morishige Good everybody. With me today is L&L’s Chief Financial Officer, Ian Robinson; and Vice President of U.S. Operations, Clayton Fong. Before I turn the call over to Mr. Fong, may I remind our listeners that in this call management’s prepared remarks contain forward-looking statements, which are subject to risks and uncertainties, and management may make additional forward-looking statements in response to your questions. Information regarding forward-looking statements, except for historical information contained herein are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, as well as uncertainties, which may cause actual results in future periods to differ materially from forecasted results. As results may differ from those discussed today, and therefore we refer you to the more detailed discussion of the risks and uncertainties in the company’s filing with the Securities and Exchange Commission.
What you may have missed, including takes on Micron, SolarCity, Zagg, Fastenal, Family Dollar, Sysco and Nu Skin from the past week or so. When Micron reports earnings Thursday, expect a lot of focus on pricing in dynamic random-access memory (DRAM). In a piece on Reality Check headlined, Is Micron headed for a Tumble?, the issue in focus was whether DRAM capacity is quietly increasing -- and, if so, whether prices could start to slide. The battle lines, involving some very smart people, have been drawn: Bulls think prices could show surprising resilience, and bears don't. But, as I wrote, the answer isn't likely to come with this quarter's earnings. This is something that, if you believe the bears, is currently evolving. The bigger question is whether there is a new world order in memory.....
Before your eyes roll -- if you do nothing else, scan down to the bold-faced part of this story, and start reading from that point on. If you have a few minutes more: Last week's SEC suit against L&L Energy CEO Dickson Lee on fraud charges didn't make the headlines. Nor did the news that he landed in a Federal prison in Seattle, waiting for an arraignment Tuesday, as the Feds seek criminal charges against him on the same securities charges. My only question, even though these are just charges: What took 'em so long?