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.
https://news.bloomberglaw.com/bloomberg-law-analysis/analysis-reverse-mergers-reach-record-high-even-without-spacs Hempacco is a legitimate company.....worth $4.6 billion and they were the largest non SPAC reverse merger last year. Why did'nt they do a "proper IPO" like all companies do? There were many other non spac reverse mergers with many average deals being in the over $400 million range. Why did those companies "hand ownership" over to those "pie in the sky" shell investors ? They must have been "out of their minds".
Lazer’s track record is to take abandoned shells and sell them to pump and dump companies. None of those companies are real, they’re just props for the fairy tales. Just like this one chose a name to allow the twitter pumpers to make up the fairy tale of a multi-billion dollar company handing itself over to the shareholders here.
Hongyuan Holdings, Ltd., is not merging in here. That would be monumentally stupid, handing over ownership to people who never gave them a thin dime. If they ever have any need for capital and any desire to enter the US stock markets, they’ll do it like all legitimate companies do, with a proper IPO.
Well, everyone has their opinion. Only time will tell.
David Lazar was the shell custodian and he has done many Chinese reverse mergers.......companies that actually operate in China. Highly unlikely that a company in China named itself Hong Yuan in an effort to fool investors. I remember that one poster on this board made a ridiculous effort to post how many companies were named Hong Yuan to prove a point......not realizing that all of those companies named Hong Yuan were subsidiaries of THE Hong Yuan.....which is the multi billion dollar company. Does anyone remember that? LOL.
I didn’t say it succeeded… but that’s what it was. The “dot connecting” and “speculation” on social media started immediately when the name change was announced.
If this was a pump and dump.....i'd say that they did a bad job at it. The company has'nt said so much as a word to pump it and there have been no paid promotions......so where is the pump? The low share structure has remained the same so where is the dump?
Nope, they’re not going to give any percentage of the ownership of their company to the bagholders of this shell by merging in.
This is nothing more than an attempt to revive the failed “speculation” that “Hong Yuan Holding Group,” the dead, empty shell, is somehow tied to “Hongyuan Holdings Group, Ltd,” and they aren’t. This stinky pink company was renamed to fuel social media pumping, and that’s it.
Yeah, I mean...... I think I just literally covered all of that. Why the repeat?
Because a pump and dump was/is being run where they choose a similar name to a legitimate, thriving company and allow social media pumpers “connect the dots” and “speculate” the legitimate, thriving company is going to move in and hand over equity ownership to this empty shell’s bagholders.
The name of this shell is hong yuan holding group.
Why would they use the name of a medium sized(not huge) logistics company, Hongyuan Holding(s) Group, with trademark filings in the US; unless their intent was to either defraud investors, or reverse merge with the stated company?
If their goal was to acquire companies and become a holdings company in their own right, sans a r/m with Hongyuan HG, why would they choose Hong Yuan Holding Group as their name?
No, they won’t be RM’ing into this shell and handing over any percentage of the ownership over to its bagholders. The only reason to go public is to gain access to the public markets/exchanges to sell stock and raise capital.
This stinky pink myth that it’s “cheaper” to hand over equity ownership to the shareholders of a dead company in a RM just to “be public” is just that, a myth used to form the foundation of a pump and dump. No legitimate companies do that, it would be really stupid. They do an IPO when they want/need capital for growth, selling stock as a stake in their company, and getting the cash from that sale. The stock in HGYN’s O/S was sold long ago, the cash it gone, and they aren’t going to hand over any ownership for nothing.
Ain't it the truth.
Well, Hongyuan HG certainly is a holdings company. They even have Air Belgium airlines counted amoung their affiliates and subsidiaries.
The status of this blank check company is yet to be determined, but a reverse merger with HYHG or any other company hasn't been announced yet, if ever.
This is a holding company......which means there will be a number of companies under holdings. I believe that the logistics company will be the main company under holdings, but there will be other subsidiaries as well. This would fit in with the model Hong Yuan has in China. As far as the company "handing ownership" to HGYN shareholders.....retail shareholders represent a very small piece of the pie when you look at the share structure. 74,641,276 shares authorized (they are keeping shares tight until the RM announcement) 74,640,766 outstanding, 51,826,200 restricted (majority of common shares held by the company) and a paltry 22,814,566 shares in the float owned by people like you and me. This is hardly what I would call "giving up ownership"......in fact, the company would be giving up MUCH MORE ownership than that if they were doing an IPO, or SPAC. Hong Yuan does not have to raise funding with an IPO like many startups. They want an American listing because China views American listings as being "prestigious". Thus, a reverse merger was the best way to achieve that. I believe the reason for the delay we have been experiencing unfortunately, is due to the Covid variant situation in China. They are on lockdown and it is affecting all business.....especially logistics. This is a waiting game, but things will return to normal and I believe the wait will have been worth it.
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
Followers
|
362
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
66390
|
Created
|
12/08/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |