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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!
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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.
I would love to be wrong about it being the logistics company as the RM target. The quarterly report mentions acquiring good growth companies so it sounds like more than one company.
I also think that the logistics company is too large of a company.
Still I think it is a good investment. Wang has stated to me that the incoming company will be NASDAQ ready and that they have no reverse split plans. He has also stated that a law group was recently hired (presumably to work on the legal details).
What makes you think this isn't the airport logistics company?
It even says in the filing, "despite the challenges of cross border business".
Alinson Wang, the consultant for HGYN, has stated to me that they have no plans to do a reverse split. He has been honest in what he has said so far.
Really glad I trade this one.
It was in the .80's when I first started buying it as HGYN....
$HGYN is the former $CERPQ Lazar custodianship....
Reverse split?
A lower share count and higher per share value could make NASDAQ accreditation easier to achieve.
Possibly connected with www.swhyhk.com. IMO.
Nope.
A custodian hijacked the company after the bankruptcy closed and sold it to some Chinese folks. There's been no fairy tale merger. Only thing that's happened is the Chinese folks gave the shell a name similar to a logistics company so that a pump and dump could be attempted. Didn't work out.
This is an SEC reporter, so material events (ie - mergers) would require disclosure.
The reverse merger has already happened.
CERPQ became HGYN.
Uplisting required a one year waiting period, per law, which has nearly been completed.
Good things could happen in 2022, for both traders and longs.
Oh, please. It is all over social media, and the post before yours is about the huge logistics company that the “speculation” is all about.
No huge, thriving company is going to give their equity ownership to the bagholders of this empty shell company.
Once again. We are not the ones making these statements. You are. We are just asking you to provide links or proof of your statements. If you cannot provide these just sit in the corner and wait patiently.
Good chance they'll pump this into dollarland and then dillute to fund-in-part their acquisition add ventures.
We'll see their adverts at the upcoming Beijing Olympics, so I see them capitalizing on that exposure.
LOL, sure, it only "might" be the company...
The last time this crap about a multi-billion dollar logistics company merging into this stinky pink shell company (or "might" be), it was completely debunked. No company doing a thriving business under private ownership is going to hand over equity to bagholders of any OTC shell company, and anyone with common sense knows that.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164368791
Once again, I've never said that it was the same company. You said blatantly and many times that it wasnt. That is why I am asking you for proof. If you are that sure, surely you can provide proof of your knowledge. "The sun rises in the East" See, look at my compass. It's really just that easy. Links would be nice.
Only on the OTC are attempts made to "flip the script" to where "proof" has to be rock solid on debunking the fairy tale that a multi-billion dollar logistics company is handing over their equity ownership to stinky pink company bagholders, but no proof has to be offered that the company is even remotely interested (in addition to being monumentally stupid) in doing so.
It is common sense. No big logistics company is giving the bagholders of HGYN their company. They didn't get to be a big logistics company by being stupid.
So..... You can't prove it?
Oh, please, there’s isn’t a snowball’s chance in Hades a thriving logistics company is going to merge into a dead stinky pink stock and hand over any equity ownership to its bagholders for nothing. That would be monumentally stupid. It isn’t “speculation” that’s a possibility, it’s a pump being run off the name.
So you post your "speculation" to answer someone else's "speculation". You don't have any better information than anyone else. You cannot prove without a doubt that its not Hong Yuan. Just like we cannot prove that it is. Why should your speculation carry more weight than anyone else's???
Nope. Not one of those has anything to do with this stinky pink, that “speculation” was the fairy tale for the pump and dump.
Is this Hong Yuan this Hong Yuan?
https://www.cargoforwarder.eu/2021/10/10/hongyuan-has-eventually-decided-on-brussels/
Or or it this one?
https://www.payloadasia.com/airports/hongyuan-group-sets-up-air-cargo-hub-at-brussels-airport/
Or could it possibly be this one?
https://www.transportjournal.com/en/home/news/artikeldetail/hongyuan-sees-brussels-as-gateway-to-europe.html
I just asked you how you felt about SPACs. I just messing with you. I hope you make lots of money with whatever you do.
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