Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It's never safe to swim in these OTC waters, sharks and rip(off) currents are everywhere and danger is just something you learn to accept.
Neither of those companies/subsidiaries is merging into this empty shell and handing over their ownership to HGYN’s bagholders. That would be monumentally stupid, and they didn’t get to be the thriving company they are by being stupid.
Nasdaq requires independent directors, so that may explain the lack of connection to the medium sized logistics company, Hongyuan Holding(s) Group.
Apparently, the reverse merge hasn't happened yet, hence the lack of a super 8/k.
A controlling block was issued and the shell simply changed hands and given a new name
Neither Hongyuan Holding(s) nor any other entity has merged into this shell, though it may be used as a vehicle(similar to a spac) to facilitate a reverse merger.
Do you believe the medium sized logistics company, Hongyuan Group, will merge into this vehicle; or do you believe, as AgInAustin stated, that it will likely be another company?
If Hongyuan Group does intend to reverse merge into this vehicle, they'll possibly do it with their US subsidiary Hongyuan Express. http://www.hyeship.com/
That article is a yawn... their short interest went from a paltry 1900 shares to a paltry-er 1500 shares. So what?
Defense World doesn't seem like the usual pump n' dump newsletter.
Could they know know something we don't?
https://www.defenseworld.net/2022/04/19/hong-yuan-holding-group-otcmktshgyn-short-interest-update.html
Super 8/k could be imminent.
But not bloody likely.
On the OTC, reverse mergers are always a scam. It is truly absurd to think a huge mult-billion dollar company is just going to merge into a shell with stock already in the O/S and essentially hand over equity ownership to those shareholders for nothing. This one simply selected a corporate name similar to that legitimate company so that a pump could be run on the "speculation" they were going to merge in and make everyone rich. It was a pump and nothing more.
It's true, these reverse mergers seem to rarely amount to much, and shadier entities appear more apt to ipo this way than legitimate or less shady ones.
Since we have no way of knowing whether this is legit or not, and since the company has been mum for months in relation to shareholders, we really are taking an outsized risk going long here.
Audited fins, SEC filing, low float, independent director. IMO.
EXACTLY.
Especially this dead stinky pink shell company.
Nope, they're not going to "spin off" anything into a shell whose stock is owned by people who didn't give them any money for it.
Could be used to spin off one of their other businesses though. Just a thought.
Not a chance in hades...
No legitimate multi-billion dollar company is going to hand over their ownership to the shareholders of a dead stinky pink shell company. That would be a monumentally stupid thing to do.
The real hongyuan holdings group, the logistics company that recently purchased a 49% stake in Air Begium Airlines.
What, exactly, is "the real deal?"
I could be wrong, but I think this is the real deal. We'll find out soon enough when the 10q is filed.
Guys are you seeing that accumulation since november?
Can you give me a graph feedback?
Thanks!
$HGYN former CERPQ Lazar.
Can you share the link?
The old, slightly embarrassing, website appears to have been taken down. Something could be cooking.
If confirmed that this is the right Hongyuan Holdings Group, the one that purchased half of Air Belgium recently, we could see some real accumulation.
Not just from penny flippers, but from value investors, institutions, and smart money.
Despite all bad news, I see accumulation since Sept21 $HGYN
Their disclosures have been accurately depicting an empty shell with no operations whatsoever. The pump was the corporate name they chose, very similar to a real, thriving company, allowing the Twitter pumpers to tie the two together to sell stock.
Why would an imposter file quarterly reports?
You'd think criminal impersonators would steer clear of a regulatory agency such as the SEC.
If this is a fraud, it's an elaborate one, and an extremely risky one for the perpetrators involved.
I believe you are correct
That is not this company, has absolutely nothing to do with it. The failed pump on this one was to choose a company name very similar to that one and do a bait and switch.
A company called Hongyuan is definitely on an aquisition spree.
https://www.air-belgium.com/ab/hongyuan-plans-to-take-a-stake-in/
Hopefully, it's our hongyuan and not some other one.
If it does turn out to be ours, we may be on the ground floor.
Did $HGYN (former CERPQ) ask for this procedure?
(I ask it cause, when I try to reduce my position (at 1$), my broker tells me that is "not eligible for trading").
Thanks!
-----------------
MSBM Provides Update on DTC Eligibility
MSB Global Capital Corp. (OTC Pink: MSBM) announced today that it has filed for eligibility for electronic clearing and settlement of its Common Shares through the Depository Trust Company ("DTC") in the United States.. MSBM will provide an update for shareholders once it obtains confirmation of eligibility from DTC.
MSBM CEO,Patrick Au, commented, "We are very pleased to have successfully completed our change in control submissions during 2021, having received approval from OTC Markets Group to post current data in order to continue to trade our shares on the OTC Pink Market, and we look forward to receiving DTC eligibility as we prepare to launch in order to educate the public on our current and planned operations. We look forward to inviting existing and prospective investors to follow our progress as we provide updates on our plans for the future development of a global business hub.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of securities of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered "DTC eligible".
DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company's common shares inthe United States. With DTC eligibility, existing investors benefit from faster transaction execution speeds, which should provide shareholders the opportunity for increased liquidity, while opening the door to new investors that may have been previously restricted from acquiring the Company's shares in the open market.
Gotcha
GLTU as well.
Unfortunately, my shares are under water as well. I am averaged at .18 on my remaining shares. I believe you are still in good shape and should hold on for the final results. With this share structure, things could get really good really fast. Good luck.
Good for you.
It only seems to move down.
Even if it moved up it would have to triple....
I sold most of my holdings a while ago. I still hold some and continue to watch it. If and when it moves, it will move fast, I want to make sure I'm holding a pile when it does.
Not expected by me.
I would add at a 0.05.
If by reload you mean you sold out higher, good for you!!!!
I wouldn't say unbelievable, I'd say expected. This has been months without so much as a peep from management. At this rate I will reload at .05
Under a dime - unbelievable
Honest people don't create bogus entities that masquerade as legitimate ones to capitalize on their brand recognition.
So if Mr. Wang is as honest as you say; we should have nothing to worry about.
It isn't. That was the pump that failed last year, bait and switch.
Hopefully, this Hongyuan is this Hongyuan.
https://www.aviacionline.com/2022/01/air-belgium-acquires-its-first-boeing-847-8f/
And down and down and down....
This POS does nothing but go down!!!!!!!!
They are not going to give away any equity ownership to a bunch of shareholders in this empty shell for nothing. That’s the stinky pink reverse merger fairy tale, and it completely ignores why companies go public in the first place, which is to sell stock to the public and raise cash for the business. The cash from the stock in the OS is long gone, and they’re not handing over their company to those shareholders.
Share Info
Status Active
Market Cap $ 14,928,153
Shares Authorized 74,641,276
Shares Outstanding 74,640,766
Shares Outstanding Date 07/23/2021
Shareholder Count 137
If they issue B shares which would certainly be the case, They are not giving away much at all. I'd say around $1, they can have the majority of my shares.
They aren't just handing over anything.
They'll use tactics like reverse splits or rumors of reverse splits to shake out the weak hands.
Case in point: earlier this year when they announced a r/s, caused a sell off, and then subsequently cancelled it.
Quarterly reports on this one are easy since there are no business operations whatsoever. I addressed the notion that a multi-billion dollar logistics company would hand over equity ownership to the shareholders of this empty shell in that reply. That would be very stupid to hand it over for nothing and they didn’t get to be a thriving business by being stupid.
So why would they even bother upgrading to QB? WE know QB requires SEC reporting. So at least we know the incoming entity NOW has to be ready for SEC filings. That eliminates 99% of the scamming fly by nighters. This could be an epic runner setting up right before our eyes.
This is an empty shell that has absolutely nothing to do with the logistics company the pump is about.
HongYuan seems to be a holdings company, not a pure logistics company; though their shipping and logistical subsidiaries appear to be their bread and butter.
Followers
|
363
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
66387
|
Created
|
12/08/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |