Hong Yuan Holding Group (HGYN)

[trader59]

This isn’t a SPAC nor anything like a SPAC. A SPAC sells stock to the public with an IPO and raises money. When the acquisition of the target is consummated, that cash is used in the acquisition and by that target to invest in their business.

This dead empty shell has no cash for anything. The stock in shareholders’ accounts was sold long ago, the money is gone. The stock owns nothing. The RM fairy tale on the OTC is that a legitimate company just wants to be public and will hand over the equity ownership to the bagholders of a dead shell for nothing to do so. Companies go public to get access to the public stock markets, sell stock, and raise money.

This is just another China hustle scam. When they failed to get pumping traction with the name they selected for the company being similar to the huge logistics company, now they’re trying to set up the next pump.

[maent]

Do try to follow along with the filings. I'll dumb it down for you. The shell raised the Allow Shares (A/S) and will issue those shares to the suitor company to insure they have total control of the shell company after the purchase. These shares are not counted in the Operating shares (O/S) count until issued.

How do you feel about SPACs?

[trader59]

No legitimate “NASDAQ ready” company is going to go public by merging into a dead, empty, stinky pink shell, effectively handing over equity ownership to the shareholders. They go public by doing a proper IPO and selling stock to the public to raise capital for their business. The shares in this company were sold long ago, that money is gone, and it would be stupid for any company to allow those shares to own any piece of a company that merged in. That’s why all these easy reverse mergers on the OTC are all scams.

[AgInAustin]

The actual float is very small. If they increase the outstanding shares such that the incoming company is getting the vast majority of shares, then it is very much worth it to companies to do that. It is very difficult to go public via IPO. It is much easier to buy a nice clean shell.

Alinson Wang has done this before successfully. He will do it again. He has been very accurate and truthful in what he has shared via email thus far. If he says that this will be a NASDAQ ready company upon reverse merger I believe him. He has done the opposite of pump. He has been very clear that early next year will be the timing for the RM. He is taking all the right steps. The financials are in order. He just filed the OTCQB certification. They he just raised the OS to be able to give shares to the incoming company. All very methodical. This will pay off.

[trader59]

The logistics company was a pump and nothing more. They picked the name of this company as a bait and switch that would let the twitter pumpers run around cheering that the company was just going to hand over equity ownership to the bagholders of this dead, empty company.

And that's all this will ever be. No legitimate company is going to merge in and hand over that ownership to the shareholders here, it would be monumentally stupid. This is just another RM scam, another version of the China hustle.

[AgInAustin]

Today, The corporate profile was updated to https://www.otcmarkets.com/stock/HGYN/profile

to:
=====
Hong Yuan Holding Group is set up by a group of investors looking for well-operational enterprises or potential business models, to provide professional financial services aimed at acquisition and get into the capital market.
======
I am a HGYN bull. However, some people have been assuming that the incoming company would be the huge logistics company: http://www.hoyugroup.com/ . That was always a pipe dream and from the description it doesn't fit. It was too large of a company to begin with.

Lots of good associations with the CEO and with the consultant. So, I expect a good company will merge into it and become a NASDAQ ready stock upon merger as they have stated. That means >$3. They have stated early in 2022. I can wait that long for a 15X or 20X return.

[trader59]

Couldn’t care less. Their state of incorporation has their corporate charter and it says 2B.

[maent]

https://www.otcmarkets.com/stock/HGYN/security

[trader59]

That A/S number remains incorrect. This “company” is incorporated in Nevada, and that’s where the corporate charter is filed showing 2B shares in the A/S as it has for some time. These guys don’t know what they’re doing to run their pump and dump.

https://esos.nv.gov/EntitySearch/BusinessFilingHistoryOnline

[maent]

Im not finding the 11/19 filing. Do you have a link?

[maent]

Great find. That is a very telling chain of events.

[AgInAustin]

On Nov 18, they filed for OTCQB certification. Then on the 19th they increased authorized shares to 250,000,000. Prior to that the AS were jus the sum of the restricted and unrestricted shares. They need more shares available so that the incoming company can have a majority of shares.

Just a couple more steps in the right direction.

[maent]

Nice!! Wont be long.

[AgInAustin]

Another filing today: For OTCQB certification

[maent]

Im just glad to see that someone is doing the filings! Good things to come.

[trader59]

It's a scam. They tried to pump the stock on the name hocus pocus, and now they're thinking about pulling a China hustle.

[AgInAustin]

10Q states:
==========
The Company is planning potential acquisitions. The management has approached several companies in China as potential acquisition targets. The Company feels strongly that despite the challenges of cross border business, it might be able to acquire some good growth companies and bring good values to our stockholders.
==========


Alinson Wang has done reverse mergers before and knows what he is doing and he has been honest and accurate thus far. Very confident the RM will be accomplished in early 2022 as he said it would.

[trader59]

10Q shows a completely empty shell company with nothing, no assets, no operations, seeking something "over there" in China to attempt a pump and dump on. The name selection, "Hong Yuan Holding Group," striking similar to a thriving legitimate company, Hongyuan Group, was a complete failure.

[maent]

Agreed I have nothing but time, and shares!

[AgInAustin]

All indications are that the super 8k will be filed early next year. They will of course post the quarterly report this month. Hopefully that gives the stock a bit of a boost. Just have to wait a few months to get a 15X to 20X minimum return. I can wait.

[maent]

They need to drop the bombshell here...

[Refined Sugar Kills]

The Beijing Olympics could be a catalyst for this ticker.

[maent]

Certainly expected to hear for the company by now. Wonder what the hold up is?

[Italia77]

We are current:
https://www.otcmarkets.com/stock/HGYN/security

Hope to get financials or merger soon (as a shell).

[M I T professor]

Go time

[Refined Sugar Kills]

Let's just hope a Chinese governmental entity or CCP leader takes no position in this company.

The last thing we want is for Marco Rubio and friends to place it on their congressional sheet list.

[maent]

Should be happening. We are expecting a super 8k. Many thought it would drop last week.

[Italia77]

$HGYN how about to get current?

[willlbone]

two bits
will bounce to 3 bits

[fink]

If you sell and then rebuy from another account, you might be able to buy the same amount of shares for less.

Or buy more shares for the same amount of money.

Say you dump 2m shares end of the day and it sets off a knee jerk sell off the next few days. By the time you wire transfer your funds to rebuy, you might be able to pick up 2.2m shares with the same cash.


Snd it can work you your disadvantage if the stock story is hot.


They are not forcing you to sell, so really no reason too. Just hold snd buy new shares in your new account.,

Let your limit sells do the work. Then transfer the cash., This action only affects Buying. And TDA has come out and relaxed the ruling till end of August. Maybe the other brokers will do the same?

Sorry, thought I was sending this in a PM.
Not to bore anyone.,

[Italia77]

Thanks man,
I'm afraid I didn't undestand this step:

"If you pick a slow volume day to dump and rebuy , you might actually pick up a few free shares. I’d wait till the morning excitement has died down.

I was fortunate at the time I did mine. I had a cool $20k cash snd just sold into my BID. Wired transferred $$ and kept above the $25k threshold in both accounts to trade all I wanted."

I apologize for my poor english.

[fink]

Yulp. You can not transfer penny stocks from Broker to Broker.
Now they can, but none will. Arrogant.

Now if you had a portfolio worth $Millions of Big Boards, they might have pity on you..

I only use my casino account for penny stocks. When the few make the Big aboard leap, I transfer them out into my Fidelity IRA.

If you pick a slow volume day to dump and rebuy , you might actually pick up a few free shares. I’d wait till the morning excitement has died down.

I was fortunate at the time I did mine. I had a cool $20k cash snd just sold into my BID. Wired transferred $$ and kept above the $25k threshold in both accounts to trade all I wanted.

Etrade like Scottrade has their own MM, so making an OTC trade doesn’t cost them as much.

And I hate that bearded soy boy in their commercials that come off as some mental giant.
That duche probably has no clue how to trade..

[trader59]

"NASDAQ!" box of the playbook checked off...

This company has no assets, no business operations, and no cash to do either of those with.

A PPS or chart on a thinly traded stock can be made to look like anything, just have to toss enough shares back and forth and hope someone falls for it and puts a bid in. In this case today, the sell to buy ratio is about 1.5:1, yet the PPS went up.

[Italia77]

Trader59 you are right, there is no evidence,
but if you look at level2 you see buys
today they moved 1.200.000 shares at medium price of 0.50
we have still 75M o/s

Now, switching to technicals:
mov average exp 9 -> was broke UP
volume medium at 400k was broke up
MACD points up
the indicators that work for me, they say it is a buy!

I hope for Nasdaq, IMHO.

[cov20]

Has this Hong Yuan become that Hong Yuan yet?

[trader59]

Quarterly report shows no assets, operations, revenues.

Does that sound like a $40M company?

Nope.

[Italia77]

Thanks to all of you guys!

the situation is this one,
I opened a second account, this time with E*trade,
they are more free to trade OTC stocks,
but they want any of my otc stocks, so I can't transfer tickers in E*trade, just cash:
so I put a small amount of money on E*trade and I trade with that,
waiting to realize in my old broker Tradestation,
hoping that the tickers that will rise will be still tradable for them,
had the cash I will move it in E*trade with wire transfer.

Regarding $HGYN for now the only way is to call a lawyer or waiting that this firm will go to Nasdaq:
overthere I will obviously can sell my shares for dollars!

Damm brokers, they have in hostage my profits!

[daman45]

Oh I agree.....I hated what TDA did.

[fink]

Well TDA still sucks.
They are the AOL of online brokers.

Their Aug13 knee jerk move is proof of that.

I’ll Benifite from it. I got cash set aside just for it.

[trader59]

Big time Twitter pump and wash trading going on this stock.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164435019

Wash the PPS up, dump on any bids that appear. 60-40 sells on the ask to buys, with the PPS up over 40%, blatantly obvious.

[daman45]

So, from this conversation you can see that they clearly lied to you. At first they told you it was not DTC eligible but in this exchange they told you that it was they, themselves.....Tradestation that changed the policy. I would send them a copy of the two email exchanges where they LIED to you. I would contact ETRADE who still seems to be penny stock friendly and tell them about your situation. Perhaps they will allow you to transfer your shares. If it were me I would be threatening to sue the pants off of them. If all else fails....this company WILL be uplisting to Nasdaq and your broker will have no choice but to sell your stock at that time.....for MUCH HIGHER prices.

[daman45]

It's not TD Ameritrade she is talking about.....the broker is Tradestation. https://www.tradestation.com/

[fink]

I can buy and sell.
E trade.


I’d open an account today snd get some cash in.
Set up wire transfer with your TDA snd transfer your cash out and into Eturd.

We need to find an offshore Broker that allows us to short snd but OTCs on margins like the hood old days when we were free.,

[Italia77]

at least you were allowed to sell your own shares....

I can't even sell,
so I suspect I have to call the $HGYN company and ask when they will be current and compliance.

[fink]

TDA sucks

Only way to transfer OTC is to sell, wire transfer into Etrade and rebuy.
I’ve done it over a year ago after TDA bought scottrade.

TDA just wants retirement funds, IRA and 401k customers


They suck.

[Italia77]

I tried to re-call the trade desk, the phone call was:

ME
Hello I need to trade this ticker.

TD
this symbol is not tradable at Tradestation.

ME
Why?

TD
Because Tradestation changed the policy so some otc tickers are not tradable.

ME
So, what can I do to solve the issue?

TD
Transfer your stocks to another broker.

ME
There is no broker that accepts otc stocks.

TD
Sir, do you have other questions?

ME
No sir, I need you solve my problem, you let me bought this stock months ago and it was tradable, now I just ask to reduce my position.

TD
Sir I repeat I can do nothing.

ME
I need to talk to your supervisor, we have to solve this issue that I didn't create.

TD
Sir I told you, we can do nothing. Have a nice day.

.....................................................
It's hard to call this a good service

I was in CERPQ before since 0,01 (the broker let me buy it),
then they change ticker in HGYN and now I see a big profit, locked for "legit".

[splintered sunlight]

I agree.

[daman45]

If it weren't, no broker would be trading it. Your broker is lying to you for some odd reason.

[splintered sunlight]

It's my opinion, but just about every firm trades it and it trades thousands of shares.

I could be wrong - worth fighting for

[Italia77]

Why you are so sure that $HGYN is actually DTC eligible?