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I'm pretty sure that TDA only accepts customers outside the European Union. Like Norway.
And I'm pretty sure that Etrade only deals with customers from the UK. At least that is how it has been in the past.
Let me know if you find one.
It's still an outrage, when you think about it. It's like living in the 1700's.
I don't know about any european broker that let's you buy HERB but I will check again. As far as some of these US brokers go, from what I know there are certain countries within the EU (or Europe) that are still allowed to open an account with some of them, definitely worth to check on each, from what some traders told me, Schwab and also Etrade still take Germans right now but not Austrian for example. TDA not sure about other EU countries. Definitely worth a try on all these depending on the country one is in.
Congrats on the oil stock, that's huge.
So the outcome seems to be now that either
1) FINRA will process the dividend. In which case there will be no ex-date. In which case they will use the record date. In which case we all qualified for the dividend a long time ago (60% IMO), or
2) The dividend will be denied by FINRA (40% IMO)
Is there ANY broker left for Europeans currently where they can purchase HERB? Because I can't think of one. TDA doesn't allow European customers, right?
Might still be worth the trouble to open an account somewhere if scenario 2 plays out.
Now that some of us are making some really good money on another stock...
Alternatively I could just send a friend the money and have him buy some HERB for me in his account. Although there will be capital gains tax to pay but who cares anyway if HERB is worth $15.
And so, the developments elsewhere might be more important than I thought.
I have no idea.I have never communicated with FINRA.
I am not even sure I understand your question...
"Does FINRA reply in the way you seem to assume that they do?"
Petrejus Does FINRA reply in the way you seem to assume that they do?
aandt Thanks! I actually looked at this document but I did it so fast that I did not notice the information about the authorized sharecount. I notice that there seems to be a lot of leeway regarding the preferred shares.
OK. Then we just have to keep stretching our patience.
Agreed, not sure what else they can do. From the sounds of it (referring to the recent email from today), they are responding to FINRA's requests and have made required payments. This is a FINRA problem and not a company/management problem IMO.
I said it a few times already but obviously peeps don't understand what it means to deal with FINRA on this stuff. They are the worst, most of the time a company can't do anything about it, it's not their fault, it's all FINRA being the biggest jerks around. Some of these otc companies deal 8 months for a simple name change with FINRA, when will peeps get this? Can't say management isn't putting in the effort.
aandt Thanks! Can you publish a copy of the update?
They were created on the updated Colorado registration at the beginning of May
Has anybody found any evidence that the preferred shares actually exist? I tried but was unable to find any proof. I checked the information on the otc website.
Today would be a good day to put it on the daily list.
It's possible...
Can't believe this nonsense anymore.
After everything I have seen (and endured) with these special dividends
They are letting this one go past the pay-date, deliberately....
I'm offering shares for $0.19 today if anyone wants them.
I can't tell you who of us will qualify for the preferred shares because it has become a lottery
Due to an "effective" email sent to the board, again, no doubt!
Now, wait a year after this new email, and we'll be able to say the same thing again!
Well, it is already two days past the pay date.
As I said before, perhaps FINRA is deliberately letting this go past the pay-date. So there will be no ex-date. Because they don't know what to make of this company.
But I doubt it.
Interesting, I received a similar email. Hopefully FINRA will get it done?
"Dear Petrejus (...well...)
Regarding the preferred stock dividend issue, we have been contacting
FINRA for the approval of the preferred shares ASAP, please see the
following email from FINRA
But the FINRA has not yet responded to our final requested letter, and we
will contact the FINRA once again. Thank you for your patience
“Thank you. Your payment has been successfully submitted to FINRA.
Your confirmation number is ####.
You may wish to save your confirmation number for your records.”
Sincerely,
HZ"
I also told them a year ago that I'm still losing money, every day, every week, and every month of the year. (Because we are STUCK here)
A year later and it is still the same....
Because look, what we could have done, if they had paid the friggin dividend on time. We could have made a KILLING (letter size 3837 points) on that other stock I'm investigating.
And now, they don't even have the decency to admit that they have failed once again. Letting us all think that the dividend has been paid. When they have known all along that that is not the case. (I know why.... because they are hoping they can give us something soon).
Don't test my patience Yong Li.... because you are going DOWN, my man.
I'd be happy if they announce the setllement. We'll see about the rest.
I would be willing to sign a petition if we all wanted to file with the SEC-FINRA.
As a suggestion, we may first want to send it to HERB to provide opportunity to respond.
Thoughts?
Thx. Wonder how long time this will take before we can get the dividend, the spin-off and turn it into cash. It has already taken more than a year -_-
Me, december 7
Can you repost what HZ said in his email?
I'm not sure I buy that argument for the plantations. But it may be difficult for the auditor to get access to those numbers.
I think they were ready to go and settle with parent more than a year ago. When the BOD changed completely and all the directors representing parent left. Then, someone must have figured out that they have to spin off the art assets first. Which as you know has taken more than a year. So it's just an endless struggle here. That's what I told them a year ago.
Glad to see I am not the only one entertained by the decade of waiting for the Great Pumpkin to arise from the YaSheng fields!
Yes, you've hit the nail on the head there!
I think this was the one where a now 10 year old "audit" was being used to show that there were riches for shareholders! It was this or that other Chinese "blue chip", I have to find my history notes for this one. You won't find analysis like that everyday!
But, when that letter gets opened, the YaSheng world will change! I'm sure!
Dividends! Step up and get your "dividends" here!
Yes. Remember, they were under pressure already as they had to cancel the spin-off dividend. So they had to give us something.
But you are right. They shouldn't have done it this way. In an SEC filing even. And we are done with excuses here.
RD "This should be the right order
1) Settlement ---> 2) audited financials ----> 3) dividend
Basically, they screwed up. Again. And I'm glad I sent the BOD that letter."
My impression is that they should not have promised the dividend if your listing of the right order is correct and the two first steps had not been taken. But to me the BOD is responsible for declaring that dividend too early if that is the case.
yes......this BOD will be shaking in their boots! This is just like every other Chinese scam where shareholders hope and pray that one of these lottery tickets is going to cash. But this one is different! They have a stock pile of cash just waiting to be given out to European and American "investors". Hilarious!
Sure. The settlement shouldn't be a hard process. It's just a matter of when. We could get the announcement of a new dividend and record date simultaneously with the settlement for the plantations. But this time they will give us the details of the preferred shares.
I wouldn't be selling any shares here. This settlement (the plantations) is still what it's all about.
So Real Dutch do you think they will EVENTUALLY get it right?
Not possible. This dividend will not be paid on May 31. Unless it doesn't go through FINRA at all. But that is very unlikely.
FINRA didn't announce it ahead of the record date. They didn't announce it ahead of the pay-date. So the only option left is that the review period goes past the pay-date. But that is a very unlikely scenario as well. Very unusual for a regular stock dividend.
I'm telling you how it is. They didn't get the things done (in the right order).
Which shouldn't be a surprise.
- the government isn't exactly quick at getting things done
- we did have lockdowns in China. (It has affected XIN's audit for instance).
You should listen to what I am saying. In my previous post.
This should be the right order
1) Settlement ---> 2) audited financials ----> 3) dividend
Basically, they screwed up. Again. And I'm glad I sent the BOD that letter.
They said they'd pay a dividend of preferred shares. They have created a class of preferred shares. Sure, there could be some delays due to FINRA or whatever, but in general I think they are onto it.
Actually I think they never applied for the dividend. That is the feeling I get. The lockdowns in China may have prevented some things from happening that should have happened. Like an audit or settlement.
You're right. That sucks. lol. Then the last day for the FINRA announcement was last friday.
Monday is Memorial Day holiday here in the US, not likely to see anything happen from FINRA on Monday.
Maybe Tuesday? If not then I expect the company will let us know what they will try next. I still think they will eventually get something accomplished here.
If the dividend is processed as planned then FINRA has to announce it on monday. One day before the pay-date at the latest. So just one day left. I know this because I studied all these rules years ago. Hard to find this one on the internet though.
If FINRA does not announce the dividend on monday then we have 2 options left
1) The review is going past the pay-date. In which case they will use the record date to determine who qualifies. IF APPROVED. (40% chance IMO)
2) It has already been denied by FINRA. (60% chance IMO)
The guessing game continues, for a while. But the circumstances are somewhat different. IF WE HEAR NOTHING ON MONDAY.
Whether the company will come out with a statement or change of plans, who really knows. (when).
So the consensus seems to be that it ain't gonna happen? Don't they have to say something prior to pay date if that's the case?
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