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Still a good entry point wow I wish I had gotten.04s darn …..
Yes, I think everyone missed it.
Still waiting for the comments on assets that are off-balance sheet and the dividend.
Audited earnings posted in the website this weekend. They should be filed with the SEC shortly I expect.
https://yashenggroup.com/YASHENG-2022-2023-HERB-10K-f.pdf
To be honest, I think the biggest benefit to us long term shareholders here is the exposure he appears to be bringing to the company. It remains to be seen how far it will go, but already there are a lot of new eyes "discovering" this company that did not before.
MM I agree about teleprompter and that somebody else has probably written his speech.
aandt Thanks for the links! He seems to be a very interesting person from an investor point of view as well. His association with our company appears to be very promising although there is no assurance of a big gain for us.
Sorry for him, but good for the business. 🥊 Less risk of increasing the CTE damage that comes with that kind of sport.
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.
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