Hong Yuan Holding Group (HGYN)

[Refined Sugar Kills]

The ticker was changed from CERPQ to HGYN so this is either a target of Hongyuan Holdings Group or a scam that wants us to believe it's a target of Hongyuan Holdings Group.


Neither bullish nor bearish.

[1611]

It don't look like Hongyuan Group is a company taking over this shell, although that would be nice. I think the last time they were going to bring a company in, that it was a $200 million+ wine company, but that deal must have fallen through. Wait and see is about the only thing that we can do here. IMO.

[Refined Sugar Kills]

I don't know what this shell is up to, but the real Hongyuan Holdings Group is probably reeling right now due to its bad investment in the now bankrupt Air Belgium Airlines.

[splintered sunlight]

Yes, please.

[1611]

Their late filing has the box checked for significant change in results of operations from last fiscal year. Hoping that's good news.

[Refined Sugar Kills]

Volume precedes price, price precedes....dumping.

💀😿

[Refined Sugar Kills]

Been holding this for years and I feeI like a real dummy now, while I've been sinking deeper and deeper underwater here, traders have been taking advantage of this teeter totter and making money.

Not saying I like how this game is played, I think the whole thing stinks as it leaves little old ladies and naive people holding bags, but it is what it is.

[splintered sunlight]

YUP

[Refined Sugar Kills]

A wise man once said, "you trade penny stocks, you don't invest in them" and as far as the stock market is concerned, truer words have never been spoken.

[Refined Sugar Kills]

Indefinitely, as long as they file SEC reports and commit no crimes. The fact that they still bother to file is the only silver lining here.

[WizardPioneer19]

Im sorry the name change was almost 4 years ago.!!!!

[WizardPioneer19]

How long can this shell trade with literally no news and no mention of any prospects on the horizon Its already been 2 to 3 years since new change of ticker symbol. What a joke!!

[Refined Sugar Kills]

If Hongyuan Group does intend to go public here, they may want to scrub all references to the CPC from their website.

"Hongyuan remains forever loyal to the Party." may not make them any friends in the halls of our staunchly anti CPC Congress.

[Refined Sugar Kills]

Naturally there's no volume, and why should there be? There's nothing here but an empty shell.

[Refined Sugar Kills]

A stock that's worth sub-pennies should never be considered "green".

[Refined Sugar Kills]

The real hongyuan holdings group doesn't seem to be doing too well either at the moment, their seemingly bad investment in the now bankrupt carrier, Air Belgium, has possibly vanquished any notion of going public for the time being. That is, if they even had any such notion to begin with.

[splintered sunlight]

Where are all the unnecessary zippers????????

[Refined Sugar Kills]

Joe six pack buying a "whopping" 200k shares for 60.00 and pretenting he's a high roller doesn't count here, where are the institutions, where is the smart money?

[Italia77]

200k volume on Friday, let's see a PR here $HGYN!

[Refined Sugar Kills]

As long as they stay current with the SEC, indefinitely.

Politics may have something to do with the delay, the US and China seem to be entering a cold war of sorts. If this merger never happens, I won't be a bit surprised.

[WizardPioneer19]

How long can a shell exist and trade if no company is found to merge in??? It’s been over 3 years

[Refined Sugar Kills]

Probably just be penny flippers playing hot potato. Pump it, dump it, rinse and repeat.

[outNabout77]

Sure seems like there's something going on there now. Consistent volume and chart looks pretty good.

[Refined Sugar Kills]

If they never intend to use this, why do they bother filing sec reports?

[Refined Sugar Kills]

The way they slosh these shares around, holding HGYN is becoming a real sloshbuckling adventure.

[outNabout77]

True and a better explanation than mine. Hopefully we find out soon.

[Refined Sugar Kills]

In the meantime, they're masquerading as Hongyuan Holdings Group Co Ltd.; a logistics company with considerable business, and they seem to have fooled the likes of legitimate rags such as Business Insider and Bloomberg into associating them with that company.

Perhaps when they finally get around to finding a willing company to merge with, they'll find their missing integrity and drop the act.

[outNabout77]

They're looking for a company to merge into this shell. Nothing will happen until they find a company that wants to.

[Refined Sugar Kills]

I know it isn't the golden age of ihub anymore, or the internet at large for that matter, but could someone please chime in and let us know what they think about this ticker and its current situation?

[71Cuda]

Nothing.Just a shell.There is a large Chinese logistics company with the same name,so there was speculation that it was going to use it a while back.But nothing came of it.

[Trumpetman]

What does the company do?

[71Cuda]

Yes this was CERP.

[splintered sunlight]

No idea except it's down 33% today...

[Trumpetman]

Hi all, I have this stock in my portfolio. Not sure why. I never bought it. Does it have anything to do with the stock CERP. That was the symbol. Plastic resin company.

[splintered sunlight]

Down over 57% and over a hundred thousand shares for sale at .132.

GEEZ..........

[diversified holdings]

It's a valid question that I've been wondering as well. I sure hope we can work out our policies and issues. Biden administration doesn't give us much hope now or in the future though.

[Refined Sugar Kills]

You think this'll weather the anti china political storms that are brewing in the west, and that are sure to brew in the future?

[Refined Sugar Kills]

The anti china scaremongers in our government and media want us to dump our Chinese stocks so they can scoop them up on the cheap.

[diversified holdings]

A beautiful setup for what seems to be a planned merger of Hong Yuan Airlines and Transportation into this shell. Covid really put this on hold, but we could see a price increase of epic proportions. Like you've never seen before. 22 million float for a billion dollars plus company will be a rocket ship. Very low on the radar. If you're in it now, your golden. Been holding this darling for 3+ years. GLTA

[Italia77]

Per March 16th OTCQB certification: 75M OS, 22M float, no debts at all, CEO owns 67% of the commons and 100% of the preferred series A-1.
Former CERPQ now $HGYN
Level2 in ask looks really tight as a teeeeeen.

[Refined Sugar Kills]

Is Hongyuan Holdings Group Co, ltd. going to merge in here or not?

Probably too risky in this political climate, anti China sentiments are pretty high right now.

[Refined Sugar Kills]

Plum sad.

[Refined Sugar Kills]

Filing with the sec seems pointless at this stage, but whatever floats their junk.

[Refined Sugar Kills]

Yes, but this shell; HGYN/CERPQ, has no publicly known association with "Hongyuan Holdings Group Co. Ltd.", "Beijing Airport Hoya Logistics Co. Ltd.", or any other entity.

Until the SEC and the public are made aware of any such connection, it's irresponsible and reprehensible for B.I. et al to report there being one.

[Optimalprimr]

Its not completely baseless. HGYN used to be Cereplast which was a bio resin company. I think Cereplast went out of business or HGYN bought them out and changed the stock ticker and company to whatever HGYN is. I dont know if HGYN is a real company or a shell. Source: I am a bag holder of cereplast now hgyn. I shoulda dumped my shares when they peaked over a year ago. Now I check on hgyn every once in a while to see whats going on. Each time it seems like false hope.

[Refined Sugar Kills]

Even if this is a vehicle of some Chinese logistics company, and not just a scam to sell shares; US antagonism towards China will likely cause the merger company, or would-be one, to reconsider its decision to list here.

[Refined Sugar Kills]

Business "Insider" says, "Hongyuan Holdings Group Co. Ltd. designs and manufactures proprietary starch-based, and algae-based bio-plastic resins."

Back on this planet, due diligence says, "No BI, it does not."

Hongyuan Holdings Group Co. Ltd. is a rapidly expanding logistics company, with significant holdings in Air Belgium, et al. It has nothing to do with the design and manufacture of bio-plastics, and as far as the SEC and the public are concerned, has nothing to do with this shell.

Shame on BI for posting such nonsense.

[splintered sunlight]

HGYN=POS

[Big Brother]

Personally, no, though its not unheard of for Chinese companies to that....lol..... I would doubt that's the case here IMO.

If I'm right about the company, it looks fairly new, it's unlikely they could call themselves Hongyuan Holdings Group in China as A) it would be confusing....and B) the same reason I wouldn't start a company here in the US and call it Google Inc......trademark infringement and other legal hassles. Here they are free to call it that without any issues.

Hongyuan 'Holdings' sounds legitimate enough, the business description in China has a couple of different industries, so likely has a few subsidiaries:

Cultural and artistic exchange activities planning; health management consulting; business operation management; design, production, and domestic advertising business; exhibition services; car rental; technology development and technology promotion of traditional Chinese medicine; education consulting services; sales: prepackaged food and bulk Food, arts and crafts, audio-visual products, electronic products, household appliances, clocks, glasses, clothing, cosmetics, daily necessities, stationery, health food, leather goods; retail: cigarettes, cigars, domestic publications.

I doubt there is anything nefarious here, I just would not personally buy it as Chinese tickers here in the US have mostly shite since COVID.....and have been especially bad recently, I have probably 10 of them and none have gotten any significant volume in eons.

[Refined Sugar Kills]

Why do you suppose they chose Hong Yuan Holding Group as the name of their shell/blank check company?

Do you think they went to the trouble of obtaining this shell, filing sec reports, changing its ticker symbol, and uplisting to the OTCMKTS so they can fool investors into believing they're a target of the medium sized logistics company, Hongyuan Holdings Group Co. LTD.?