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It's pretty amazing. Guess who is in the news today. (translated from dutch news site)
https://www-nu-nl.translate.goog/sport-overig/6302076/ioc-weigert-45-jarige-bokslegende-pacquiao-op-spelen-vanwege-leeftijd.html?_x_tr_sl=nl&_x_tr_tl=en&_x_tr_hl=nl&_x_tr_pto=wapp
All the "hidden assets" aka off balance sheet assets are bundled up and stowed away in Equity Art Corp Ltd, right? And currently this should be way north of USD 2.5 billion, which is quite remarkable. More than 90% of the assets are kept off balance sheet.
100% he's reading a teleprompter, but I guess that's to be expected. I would think someone else wrote the statement. I guess his qualifications is as aandt mentioned, a background in politics, and philanthropy (farming/education/environmental issues/...). It makes sense tbh, if he's recognized as a man of the people, and have been focusing on these things. He really could open a lot of doors for HERB.
Manny Pacquiao was pretty active in politics for several years in the Philippines. He was a Senator and ran for President a couple of years ago.
https://www.reuters.com/world/asia-pacific/boxer-manny-pacquiao-nominated-presidential-candidate-philippines-2022-election-2021-09-19/
Also has an active foundation in the US.
https://pacquiaofoundation.org/about-us/
And has several other ongoing partnerships, here are just a couple links, there are more out there.
https://www.philstar.com/sports/2023/10/04/2301135/pacquiao-partners-australian-education-firm
https://www.ipophil.gov.ph/news/mark-of-a-champion-how-manny-pacquiao-is-earning-millions-from-ip/
Probably another hidden asset. Like the hemp and CBD. And the museums and the plantations. And all the rest.
I have just watched the video. I wonder if he has written this very well-formulated speech himself. What background does he have that qualifies him for his new role? One gets the impression that he has become the head of a big company that can achieve a lot in his country. Up to now I have had the impression that HERB operated on a very small scale in the Philippines. I need more information for the video to make sense to me.
Ok. The video looks legit.
what do you mean by real? He spoke in a video about it lol https://www.yashenggroup.com/news.htm is 100% real and legit he is on board
Maybe that W. Buffett guy wasn't a doofus after all....lol
And now he is on our team *hopefully this is real
Yes, I'm happy for you. Nice to get some cash (liquidity) for a decent price.
Yeah, I will hold the rest and see what happens.
But I am happy to get some out, I have been basically all in here for the past year, back when we thought the dividend would come last March.
Yes, remember this one went from $0.40 to $2.50 in just a week in 2014. We are starting at $0.05 now. You can never tell.
Yeah I will wait for this wave to calm down. It was under .05 a week or so ago.
I am still holding almost 100,000 shares.
Nice. Perhaps you can buy them back for 0.08. lol.
Getting steamed on Twitter.
I was able to unload a block for .20
Researching this one now , looks like the other two we are on possibly gorilla .
This looks legit with Manny Pacquiao on it. I bought some. Could move to $1.00 soon if it gets more eyes or he post anything on his social medias.
https://yashenggroup.com/news.htm
Just found some pictures of MP Wu in the Philippines recently, including some with Manny.
Also found a picture where an MOU was being signed for setting up a Solar farm, among other things it appears, which matches what Manny was referring to in his video.
MOU from January 24
MPW and Manny in late December
Also interesting that David Davies was on the trip with MPW.
I like this a lot, maybe it can put some eyes on this undervalued thing. Doesn't matter if one thinks this is undervalued by a factor of 100 or by a factor of 10 or 20, it is by all standards hugely undervalued based on their audited numbers.
Manny Pacquiao Facebook page with 19M followers- https://www.facebook.com/MannyPacquiao
X (Twitter) - https://twitter.com/MannyPacquiao
Supposed Net worth of 220 M
https://www.sportskeeda.com/mma/manny-pacquiaos-net-worth
https://www.essentiallysports.com/category/boxing/boxing-news-you-deserve-it-all-with-two-hundred-twenty-million-net-worth-manny-pacquiao-makes-major-move-with-new-business-venture-and-fans-are-all-for-it/
Really wonder why he is linking up with Yasheng?
Here's the Facebook page for Oliver Sumblingo Pauya, Traffic enforcement Chief
https://www.facebook.com/teugscpo
Very interesting.
https://www.sportskeeda.com/mma/news-he-s-contacted-us-fight-eddie-hearn-drops-surprising-news-manny-pacquiao-keen-face-conor-benn-upon-return-retirement
Possible fight scheduled with Floyd Mayweather?
https://www.si.com/fannation/mma/boxing/boxing-news-manny-pacquiao-vs-floyd-mayweather-fight-announced-for-2024
They just filed an 8-K about it.With all his political,sporting,artistic and business activities I wonder where he will find the time to spend on Yasheng.
However it is very encouraging that someone like him, obviously a multi-millionaire and superstar in his country, decides to get involved.
We have a new chairman for Philippine operations.Yes!
https://www.yashenggroup.com/news.htm
This all sounds so familiar hmmmmmm.........
I don't care about recovering funds. That would be a bonus if it happens.
But we can sue the directors. Especially those from the US.
Perhaps the Gansu government as well.
It's a total rip-off.
Based on the DEFM14C from 2014 our shares are worth some $15.
Much higher 8 years later.
Probably I (we) will have the money for this.
I want the best lawyers and investigators that money can buy.
Unfortunately, it's usually not possible to collect anything in a lawsuit against a Chinese company, when the assets are all in China.
I've been through this before, where a group of us funded a U.S. law firm with a pretty good record, that was confident with our situation they could sue in Delaware, and get a judgment and collect, through their affiliates in China.
We got a judgment, and even though we found the assets in China, there was no way to collect, unless the company agreed to pay, and they refused.
So we got nothing, and it cost us several thousand each in legal fees. The company in that instance was CSGH, which produced lithium battery materials and was quite profitable.
Hold on to that email. As that is evidence.
It's a total rip-off for $0.20 and probably highly illegal what they are doing.
I still want to sue them. Assuming I will have the money (soon)
We may need your help. As we need to hire a law firm in the US.
And we need someone like you to communicate with them, on our behalf.
That is all. We could even pay you for your services.
But it is not set in stone yet.
Thank you for sharing, I appreciate it.
aandt:
I messaged the company about the dividend, and this is what I got back:
(Note that he got the number wrong. I actually said I had 196,000 shares at the time.)
Dear Xxxxx Xxxxxxx,
In order to exchange your 19,600 share of HERB for HERB’s bond for $3920
kindly ask your broker to deliver a stock certificate issued to you and
when you receive it endorse it in front of your bank so they can medallion
guaranty your signature. Once you have that email a scanned copy front and
back and we will send you an agreement to sign after which you will send
that in with your certificate to us and we will send you the original
bond.
Sincerely
Huirong Zhang
Vice President
Yasheng Group
MY COMMENT: To me, not a very confidence-inspiring reply.
I am curious if the company responded to you at all? It would be interesting to hear if anyone has more details about the buyback proposal.
One Chinese scam to another........
Yeah man, they totally ripped us off.
Yeah, remember all those comments last March about them having little choice but to pay big dividends. Sure doesn't look like that's ever gonna happen.
So much for supposed expertise and unbridled hubris.
3 cents today. 43000 shares traded. I think that seller is gone now.
The can be a legitimate company with moderate revenues. But when a single controlling shareholder, that doesn't matter much. Unless you're buddies with that controlling shareholder, he has no incentive to give you a piece of his pie.
Do you douchers get paid by the word, quote, or reply? Guessing your scam promo was declined here, too…
gosox Yes I remember those days. Today the pps tripled for some obscure reason. But the bid stays the same as before. I have looked upon this stock as more or less a bingo play. I have though assumed this is a real compny with moderate revenues. Perhaps that is too optimistic too?
15,000 traded at open today at .1477…. Very odd. Bid ask still showing .05 - .067
"Hope" is not a strategy.
Allegations are being made of fake assets. a quick skim of the last 10q is concerning: a single shareholder has 83% of the shares. This means common shareholders are powerless.
When a single owner has majority control, they don't "have" to do anything. they can take the company dark, delist it, and stop reporting anything to anyone, and suck all the assets out leaving nothing but a useless corporate shell.
Looking at the latest 10q, i see all of the "profit" is being poured into buying "intangible assets". These intangible assets have fishy written all over them.
(k) Intangible assets
Intangible assets consist of 30 years use right of Fruit vegetable franchise base and are recorded at cost. The cost of fruit vegetable franchise base use right was amortized over 20 years using the straight-line method.
the book value of intangible assets started the 2022 year at $123m. This means they should depreciate *AT LEAST* $6.2m (5%) ... and even more if they've already depreciated previous years from a higher cost basis. yet, the entire depreciation (tangible + intangible) for the 2022 year is only $300k.
The first 6 months of 2023 indicate only $70k depreciation, while another $5m of these "intangible assets" were added.
So questions investors should ask:
- What/where exactly are these "use rights"? Who is the counterparty?
- How do they know the price being paid is fair?
- Why are they not being depreciated on the books?
After personally meeting with the last three chairmen, the Chairman of the (real) Shanghai listed YaSheng, WuMeiping and all of their advisors over the last DECADE it’s just nonsensical that anyone does anything but perhaps ask real questions from someone who has all of the correct information on this non-company. Hilarity ensues when people are dumb enough to call “hedge scum” the culprits here with what? Market cap of around $9.5mm and over 90% owned by a Chinese SOE - leaving under $1mm USD “float” which might trade USD volume $500 bucks on a good day?
HAAHHAHAAHAHAHAHAHAHAHAAAAA……
Hedge fund my a** nobody cares about this POS fraudcap. Nobody could “short” it much less go long for anything but the cost of a McDonalds hamburger without “doubling” the scam share price.
Literally - I have known these guys since around 2008 - before the assets were swapped out and fake “assets” swapped into the “company” - prior CFO’s Chairmen and local “talent” that helped the original Chairman Zhou (dec) scam the Gansu government in China into illegally swapping the original assets out of China.
15 years later people believe they know better than me - they what? - know “the truth” and from what I see here - plenty of losses and kool-aid to go around..
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