LCY Technology Corp (4989.TT)

[dalesio_98]

Test

[dalesio_98]

Test ...

[toncatmad]

You got nothing coming lol. Stating the actual facts is not bashing. It’s the truth which doesn’t change.
I get you need someone to be mad at but it’s not my fault you don’t have a clue how any of this works. You shouldn’t have invested then so your loss is your fault. Next time learn the process, do your own DD and maybe just maybe you won’t get conned into buying a worthless stock from a liquidated company.

[dalesio_98]

Test ....

[motorcityAce]

Still around.. we got money coming. That's why y'all bash on the other board

[toncatmad]

Dam this is another one that shows your investing prowess LMFAO!!
1 for 1 split LOL!! There is no such thing FYI…

[toncatmad]

This is another one that aged well for ya lol

[dalesio_98]

Test ...

[dalesio_98]

...

[dalesio_98]

Any developments?

[Gold prospector]

Great point!

[bioaq_sh]

After reading the following April 2023 article qouting LCY about double taxation between both Taiwan & the US, I can't but help think about the value of a certain company's NOLS, which shares are only suspended, not cancelled.

https://www.msn.com/en-us/money/other/double-tax-hinders-taiwan-s-investment-in-american-factories/ar-AA1aqp8L

Article linked above is copied out below;

"WASHINGTON—Bowei Lee’s chemical company wants to open a new American factory to make materials for semiconductors, exactly the type of investment U.S. officials are courting as they seek to shore up chip supply chains and boost domestic manufacturing.

But the Taiwan-based firm, LCY Group, faces a problem: Earnings from the new factory would be taxed twice.

A “double tax” conundrum involving Taiwanese businesses operating on American soil is straining business ties between the U.S. and Taiwan, a technology manufacturing powerhouse and central player in Washington’s plan to counter the rise of China and strengthen U.S. supply chains.

“It’s a big impediment to Taiwanese investments,” said Mr. Lee, chairman of LCY, which supplies materials to Taiwan Semiconductor Manufacturing Co., the huge chip maker that is building its own new facility in Phoenix. “Countries such as Canada and Germany have signed a double taxation treaty with Taiwan, but the U.S. has been very slow at that.”

Despite maintaining robust bilateral relations with Taiwan, the U.S. doesn’t have a formal diplomatic relationship with the island, which China considers part of its sovereign territory. In contrast to arrangements the U.S. has with all its other top trading partners—including China, South Korea, Japan and the European Union—Washington lacks a formal tax treaty with Taiwan.

Since a treaty is typically signed between countries with diplomatic ties, the spokesman for China’s Embassy in Washington, Liu Pengyu, said Beijing has urged the U.S. to cease “all forms of official interaction with Taiwan.”

The lack of a U.S. tax treaty with Taiwan means that Taiwanese businesses and individuals in the U.S. are taxed on their income by both governments and face higher rates for some other taxes.

Taiwan and its political allies are pressing the Biden administration to address the double tax problem.

“The lack of a tax treaty between Taiwan and the U.S. is making it very difficult for Taiwanese businesses to expand and operate in the U.S.,” Bi-khim Hsiao, Taiwan’s de facto ambassador to the U.S., said in a statement.

A new tax treaty would require congressional approval. Last month, a bipartisan group of six U.S. senators introduced a resolution calling on the Biden administration to start negotiating one.

But the Biden administration has yet to commit to address the tax issue.

In response to a question at a House hearing last month, Treasury Secretary Janet Yellen said her department and the State Department will look into the double taxation issue. “I do recognize that this is a very significant problem that we really need to explore ways to deal with,” she said.

While Taiwan has long-pressed the U.S. for a tax treaty, the issue has gained urgency due to an expected surge in Taiwanese investments in the U.S. propelled by the Chips Act. That 2022 law created generous incentives to ensure the U.S. has a domestic semiconductor industry that can compete with China’s and reduce reliance on imports from geopolitically vulnerable places such as Taiwan and South Korea.

Attracting investments from TSMC and its suppliers from Taiwan is particularly important, given that the U.S. relies on TSMC for more than 90% of its needs for the most sophisticated semiconductors. “That’s a vulnerability that’s unsustainable,” Commerce Secretary Gina Raimondo said in February.

To enhance economic ties with Taiwan, the two sides are also negotiating a new trade agreement. A record number of Taiwanese companies attended the U.S. government’s annual investment fair last year.

A spokeswoman for TSMC declined to comment on how the tax issue may affect its investment decision for the Phoenix facility, which is counting on generous financial support from the U.S. government as part of the Chips Act.

She said TSMC doesn’t take a position on double taxation. The company told the Commerce Department in a comment letter last year that the lack of a tax treaty has made it difficult for some of its Taiwanese suppliers to build new U.S. factories.

LCY, the TSMC supplier, currently has a production site in Texas. Mr. Lee said the new facility would pay federal, state and possibly municipal taxes and face a 30% withholding tax on its after-tax earnings if the money is remitted back home. In Taiwan, it would also pay a corporate tax and an individual dividend tax, he said.

Some Taiwanese companies have jumped through hoops to minimize their tax burdens.

For Advantech Co., a Taiwanese maker of industrial computers used for factory automation, U.S. sales now make up roughly 30% of revenue. To avoid double taxation, the company has opted to invest those earnings in the U.S. or Latin America, rather than sending profits home.

“This really distorts our corporate finance management,” said Chaney Ho, Advantech’s co-founder and a board director.

The high withholding tax, which reduces the amount of funds available for dividends, has also discouraged Advantech from increasing dividend payouts to shareholders, some 40% of whom are now American and other foreign investors. “It’s rather ridiculous that we make more money in the U.S., but we can’t pay dividends to the investors,” Mr. Ho said."

[dalesio_98]

Any development ...

[toncatmad]

Sweet!! Im looking forward to LCY going public again. I would also like to see LCY-B go public. When nothing changes for those shareholders of that company LCY bought all the assets from in the cheap it will be all too funny to watch the DD Caw Crew try to explain that one lol

[Investoray]

LCY Technology Corp 4989 tw located in Taipei Taiwan, is still trading on the Taiwan exchange, Current Market Cap is around 155 million$ USD.

https://finance.yahoo.com/quote/4989.TW?p=4989.TW&.tsrc=fin-srch

[toncatmad]

Of course I will. This is comedy gold how so many supposed “Traders…LMFAO!!” know so little about how businesses operate! Know so little about filing and disclosure regulations! Know so little about publicly “owned” corporations yet decide to invest in a Q stock and buy shares after the liquidation was approved and the total dollar amount didn’t even pay off one of the many creditors owed $80 mil or so. Someday maybe folks will listen to the ones like me telling the truth instead of chasing greed trying to be a quick millionaire listening to the liars and scammers. I used to be a noob as well but learned that just about every single pink sheet is a scam no matter who’s name is in the sign out front or the BOD seats inside.
Shareholders who still think they are getting paid are beyond help as intelligence and logic left the building long ago. There are some who woke up but there are still some drinking the cool aid

[motorcityAce]

Stick around which I know you will.. there is a lot of money coming our way. And the ones who shorted will be sad

[toncatmad]

Wow this aged well for ya LOL!! I would say next time ya might want to do some research instead of falling for someone else’s bullchit lies of more to come. BioAmber shareholders will never get shares in another company or any form of monetary payment for those worthless BioAmber shares. That is what happens when you leave all your creditors impaired How can anyone post crap like that and be allowed to actually trade on their own without adult supervision. My god read a book or try using google.

[dalesio_98]

Developments?

[dalesio_98]

A 2nd article with more content.

[Investoray]

You are a week late on that news, it has already been discussed.

[dalesio_98]

Sarnia biochemical plant lays off 30 workers and switches production https://theobserver.ca/news/local-news/sarnia-bio-chemical-plant-lays-off-30-workers-and-switches-production

[dalesio_98]

LCY Biosciences shifting focus as product demand dwindles
By Josh Boyce
January 26, 2023 7:08am

https://blackburnnews.com/sarnia/sarnia-news/2023/01/26/lcy-biosciences-shifting-focus-product-demand-dwindles/

“That’s definitely a possibility,” he said. “We’re not going to exit succinic acid permanently although it’s all based on demand. If we see good demand and there’s a good market then we’ll evaluate the situation at that time and make a decision if we’re going to go back to succinic acid.”

Senior HR Manager Jennifer St. Jean said as a result of the shift, about 30 employees at the Vidal Street plant have been permanently laid off.

“We’re not closing our doors,” said St. Jean. “We’ve retained a core group of professionals that will escalate the development of our new bio-based pipeline products that have reached the mature stable state in the piloting and qualification stages.”

St. Jean said the company is actively hiring for positions like executive sales staff, animal feed, fermentation and engineering scientists.

LCY Biosciences bought the plant for $4.34 million in 2019 as part of BioAmber’s court-ordered liquidation process.

BioAmber declared bankruptcy and shut its doors in 2018.

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A once defunct Sarnia bioplastics plant has risen from the ashes
LCY’s Sarnia plant currently has 51 employees, mostly engineers and operators, and it’s working on plans to expand in the Chemical Valley, he added.

[dalesio_98]

Any updates?

[toncatmad]

Can you post up “all the evidence that points to a 1 for 1=split”.
Can you tell us what a 1 for 1 = split is?

[dalesio_98]

https://www.linkedin.com/posts/lcy-group_boweiresearchconference-brc-activity-7014524949579124736-CUgm?utm_source=share&utm_medium=member_android

[dalesio_98]

Was posted by Biowin at KAHC forum and moved here.

"Update that might be connected to $kahc,
https://www.pacermonitor.com/public/case/46467108/LCY_Biosciences__Nutrition_Inc_et_al_v_Radany_et_al "

[dalesio_98]

Season's Greetings

[dalesio_98]

Lets see what comes of LCY 4989.TT.

[dalesio_98]

Happy Thanksgiving!

[motorcityAce]

All the evidence points to 1for1=Split.. coming soon

[motorcityAce]

Wow.. looks like peeps on the other board are upset.. I would be too , when the LCY Tech 4989.TT go active and they can't cover there bill of a stock that has been suspended for a while.. looks like BIOAQ shares gonna be LCY Tech shares soon.. better save to cover those Bio Shares.. what was it? 55k shorted at 10.00 a pop.. That's 550k .. OUCH.. That Hurts.

[dalesio_98]

So you are against providing information to KAHC/LCY
shareholders unless they are part of your group?

[dalesio_98]

Is it this one from Twitter ...

[iron-eagle]

LCY Tech 4989 is set to join the OTC according to a shareholder manual. Keep your eyes peeled.

IE

[iron-eagle]

LCY Tech 4989 funded the Visolis transaction which was an investment in BioAmber Inc. Does anyone know if 4989 lost their investment in Bioamber Inc? LOL rhetorical question!

IE

[iron-eagle]

Few new post on LCY Tech 4989's parent company Linkedin page...Solar panels in a storm...what storm?

IE

[iron-eagle]

I don't provide information to PwC when it concerns LCY Tech 4989 or any other company for that matter.

Good day,
IE

[dalesio_98]

Sorhay, IE, will you be providing the PR?

[dalesio_98]

Will you providing the PR?

[dalesio_98]

IHub boards are public, nest-ce pas.

[dalesio_98]

Please do, thank you.

[dalesio_98]

An extention to the SPAC was sought or am I mistaken.

[dalesio_98]

From the Caymans, what a surprise.

[dalesio_98]

Please provide the link.

[Sorhay86]

I’ll post the PR from LCY when I’m not on mobile

[Sorhay86]

Likely connected to the failed KAHC spac deal where Bowei and LCY pulled out last minute

[Sorhay86]

The loan is from Carlton Holdings II in the Caymans for almost $884,000,000usd

[Sorhay86]

Saw the announcement from the parent company Li Changrong Chemical for a new loan and endorsement for public offering.