Hong Yuan Holding Group (HGYN)

[splintered sunlight]

Happens all the time.

[daman45]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168646854

[trader59]

No, it is not “standard language” to lie in a filing. If there were a target identified, they’d have to tell the truth. Fact is all that crap about the logistics company is just a fairy tale being told on social media to sell stock.

[daman45]

Maybe GGII/Hempacco was a bad example. My point was that there were many reverse mergers with legit companies that have taken place just last year, and in the past. HGYN will not be another Hempacco.....we only have 74 milly shares outstanding with over 50 million held by the company. They are not going to reverse split their own shares. No reason to. We have a very small piece of the overall pie here. They would be giving up way more ownership had they done a "proper IPO". They are a multi billion dollar logistics company and do not need to raise capital like other companies that IPO. All Hong Yuan wanted was a U.S. listing.....and they will achieve that with a reverse merger.

[daman45]

Correct. The merger has not been finalized yet.....as the logistics company and all of the subsidiaries have not been rolled into HGYN as of the filing. Until all of the i's dotted and t's crossed.....this is the srandard language we will see until the official 8k.

[Refined Sugar Kills]

With 74 billion outstanding snares, and a reverse split likely on the way, I hope this doesn't become like GGII/Hempacco.

[Refined Sugar Kills]

Early next year could mean first half of next year, indicating a late June deadline; according to Wang.

[trader59]

“Standard language???” It is the truth as of the date the disclosure was submitted.

[daman45]

LMAO it is standard language in every filing until the 8k merger filing......everyone knows that.

[trader59]

Yeah, sure…
Probably should check GGII’s (Hempaco) market cap today, as well as the rest of their financial statements. It ain’t no multi-billion dollar company. The net loss doubles the revenue of just over a million and they’ve been issuing stock ever since they RM’d in. Check out the 1 year chart, pretty familiar looking OTC pump and dump there.
Legit companies don’t hand over equity ownership to the bagholders of stinky pink shell companies. They “go public” to sell stock and raise money and do it with a proper IPO.

This company’s recently issued 10K says they have no target identified, and given their current status, may have trouble finding one. Did they lie in that disclosure?

[daman45]

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".

[trader59]

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.

[daman45]

Well, everyone has their opinion. Only time will tell.

[daman45]

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.

[trader59]

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.

[daman45]

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?

[trader59]

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.

[daman45]

Yeah, I mean...... I think I just literally covered all of that. Why the repeat?

[trader59]

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.

[Refined Sugar Kills]

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?

[trader59]

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.

[splintered sunlight]

Ain't it the truth.

[Refined Sugar Kills]

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.

[daman45]

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.

[Refined Sugar Kills]

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.

[trader59]

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.

[Refined Sugar Kills]

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.

[Refined Sugar Kills]

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?

[Refined Sugar Kills]

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/

[trader59]

That article is a yawn... their short interest went from a paltry 1900 shares to a paltry-er 1500 shares. So what?

[Refined Sugar Kills]

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

[Refined Sugar Kills]

Super 8/k could be imminent.



But not bloody likely.

[splintered sunlight]

Yes we are.

[trader59]

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.

[Refined Sugar Kills]

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.

[1611]

Audited fins, SEC filing, low float, independent director. IMO.

[splintered sunlight]

EXACTLY.

Especially this dead stinky pink shell company.

[trader59]

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.

[maent]

Could be used to spin off one of their other businesses though. Just a thought.

[trader59]

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.

[Refined Sugar Kills]

The real hongyuan holdings group, the logistics company that recently purchased a 49% stake in Air Begium Airlines.

[trader59]

What, exactly, is "the real deal?"

[Refined Sugar Kills]

I could be wrong, but I think this is the real deal. We'll find out soon enough when the 10q is filed.

[Italia77]

Guys are you seeing that accumulation since november?
Can you give me a graph feedback?
Thanks!
$HGYN former CERPQ Lazar.

[shahid913]

Can you share the link?

[Refined Sugar Kills]

The old, slightly embarrassing, website appears to have been taken down. Something could be cooking.

[Refined Sugar Kills]

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.

[Italia77]

Despite all bad news, I see accumulation since Sept21 $HGYN

[trader59]

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.

[Refined Sugar Kills]

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.