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Understanding GMO Victims Litigation By ‘Proxy Representation’.
IMHO:
In regard to Bayer/Monsanto’s 18,400+ & GROWING victims litigation yet to come, this “proxy representation” is a ‘case study’ extremely useful to us shareholders; as applied to Bayer/Monsanto, et al.
USE THIS AS A PROXY REPRESENTATION TEMPLATE OF LITIGATION CASE UNDERSTANDING:
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https://www.morningstar.com/articles/944872/what-opioid-litigation-means-for-healthcare-stocks
QUOTED:
“What Opioid Litigation Means for Healthcare Stocks
It continues to inflict pain on drug manufacturers and distributors.
Sep 4, 2019
Mentioned: Reckitt Benckiser Group PLC (RBGLY), Mallinckrodt PLC (MNK), Walgreens Boots Alliance Inc (WBA), Endo International PLC (ENDP), McKesson Corp (MCK), Costco Wholesale Corp (COST), Johnson & Johnson (JNJ), Allergan PLC (AGN), AmerisourceBergen Corp (ABC), Cardinal Health Inc (CAH)
Across the United States, there are thousands of civil cases, mostly in state courts, represented by state prosecutors to compensate families who have been hurt by the opioid epidemic. The plaintiffs in these cases are accusing drug manufacturers of actively marketing addictive drugs and pharmaceutical distributors of failing to detect or report suspicious opioid orders. Many of the defendants in these cases are generic drug manufacturers, pharmaceutical distributors, and retail pharmacies that we cover. The three pharmaceutical distributors we cover--AmerisourceBergen (ABC), Cardinal Health (CAH), and McKesson (MCK)--handle roughly 90% of the drugs dispensed across the country. Their sophisticated IT infrastructure allows them to track and manage the supply and logistics of drugs. As a result, a key role of the distributors is to track drugs and provide copies of drug orders to the Drug Enforcement Administration. Historically, this role didn’t require policing, but in the opioid civil suits, distributors have been accused of marketing and profiting from the distribution of opioids. The prosecution teams allege that the distributors should have alerted the DEA of suspicious spikes in opioid volume, a step over and above the required reporting. Walgreens (WBA) was included with this group as the company has a generic sourcing joint venture with and more than a quarter equity stake in AmerisourceBergen. There has been considerable speculation that the distributors are in active discussions with prosecutors with proposed financial settlements ranging from $3 billion to $15 billion for each distributor. The distributors should be able to absorb the proposed fines as long as they are spread over multiple years. The first opioid case was settled in 2007, when Purdue Pharma agreed to the Justice Department fine of $600 million for the intense marketing push of a branded opioid drug, OxyContin, in the 1990s. Subsequently, Purdue also settled with 26 states and Washington, D.C., for charges of overprescriptions of OxyContin. In the years through 2017, there were at least eight state and federal opioid settlements where the defendants agreed to pay large fines, including Mallinckrodt (MNK) ($35 million), Costco (COST) ($12 million), McKesson ($163 million), Cardinal Health ($78 million), Cardinal Health and AmerisourceBergen ($36 million), and Purdue ($24 million). These cases were settled in aggregate for nearly $1 billion over a 10-year span. More recently, financial demands have accelerated, fueled by political and social activists advocating for companies to compensate families affected by the opioid crisis. In the most recent civil cases, settlement sums have loomed over $2 billion. In a local Oklahoma court, Purdue and Teva Pharmaceutical (TEVA) reached out-of-court settlements for $270 million and $85 million, respectively. On Aug. 26, an Oklahoma judge ruled that Johnson & Johnson (JNJ) be fined $572 million, but the company plans to appeal to a federal court as a result of “abusive discretion” by the local judge, who is an elected official. We understand that Purdue and Teva settled out of court to avoid the potential negative sway onto the significantly larger federal case pending in hard-hit Ohio. In addition to these Oklahoma cases, two generic drug manufacturing companies, Endo (ENDP) and Allergan (AGN), settled in Ohio for $10 million and $5 million, respectively. Reckitt Benckiser (RBGLY) also agreed to settle with the U.S. government for $1.4 billion. The over $3 billion in cumulative settlements for these settled or decided opioid cases have not been financially crippling to the defendants. This does not include legal fees in mounting their defenses; for instance, we estimate that Teva spends roughly $50 million-$100 million annually. Unlike the prior civil cases, the federal court in Ohio has proposed the consolidation of roughly 2,000 civil cases from across multiple districts, or approximately 85%-90% of opioid cases in the country. This trial is scheduled to kick off Oct. 21, but considerable leaking of proposed terms suggests that there are active settlement negotiations in play that continue to exert significant pressure on relevant healthcare stocks and will probably be an impetus to settle. This consolidation of cases is similar to the landmark multidistrict litigation created in 1991 that was related to the over 100,000 civil personal injury and wrongful death cases against asbestos manufacturers, notably Johns Manville. Multidistrict litigation cases are tried en masse on behalf of the plaintiffs that are “similarly situated” at the federal level to improve efficiency. Because of the large number of parties involved, the civil trials are scheduled to occur in multiple tracks. Overall, the defendants anticipate the federal court to be a more neutral venue relative to local courts run by judges who have a special interest in collecting the largest fines from drug manufacturers and distributors to improve changes of re-election. Although active negotiations in Ohio are behind closed doors, unidentified sources have indicated that Purdue may be exploring an unprecedented $10 billion-$13 billion settlement for deceptive marketing of the most well-known opioid painkiller, OxyContin. The Purdue case is front and center as the company actively marketed branded opioids with aggregate revenue of more than $35 billion. As in the asbestos multidistrict litigation, the defendants filed for bankruptcy protection, which is a strategy Purdue may or may not pursue. Many of the other defendants in the opioid litigation have been very attentive to events transpiring in Ohio to prepare their respective defenses. Based on the figures presented by the DEA, Purdue manufactured only 3.3% of the opioid pills during 2006-12, but unlike its larger peers, the company actively marketed these branded drugs. Teva manufactured 0.9% of the opioid pills distributed throughout the country during this period, while Actavis, a company Teva acquired in 2015, manufactured 34.5% of the opioid pills distributed during this time frame. Although the opioid pill counts for Purdue are relatively lower than the other manufacturers listed, the prosecution appears to be aggressively targeting Purdue as all its opioid drugs were branded and heavily marketed. Drug manufacturers spend significant dollars to market branded drugs, which is likely the crux of the civil case. Unlike branded drugs, generics are significantly cheaper formulations that are sold based on price and not actively marketed. As a result, we think generic manufacturers that have produced larger quantities will likely not be penalized as heavily as peers with branded opioids. AmerisourceBergen is the second-largest distributor and is growing faster than its peers. The DEA has indicated that AmerisourceBergen is the distributor with the fourth-largest volume of opioid prescriptions during 2006-12 (9 billion pills), while Amerisource distribution partner Walgreens was estimated to be the second-largest opioid distributor (13 billion pills). Amerisource’s growth is largely driven by its larger exposure to specialty drugs and improved sell-through of services into Walgreens. AmerisourceBergen’s operations have been hindered by remediation costs for its compounding business (acquired in 2015), but the continued success in specialty is probably masking any of the drag. For the next five years, we forecast cash flows of more than $2 billion. Cardinal Health is the smallest distributor, with growth driven by an increasing specialty mix. The company has been hindered by the integration of prior acquisitions, especially in contract manufacturing of commodity medical devices. The DEA indicated that Cardinal is the distributor with the third-largest volume of opioid pills (11 billion). We model free cash flows of over $2 billion in the next several years. On Aug. 20, the company filed a prospectus with the Securities and Exchange Commission for an unidentified mixed shelf offering (common, preferred, and debt securities). We suspect that this filing is to pre-empt the need to fund a proposed opioid litigation settlement. McKesson is the largest distributor and continues to be challenged in its U.K. and Canada segment. As a result, we anticipate the company to grow slightly slower than its peers. The company is the least leveraged and is forecast to generate the largest free cash flows in the next five years at $7 billion. The DEA indicated that McKesson is the distributor with the largest volume of opioid pills (14 billion). Because it is relatively highly leveraged, Teva is the company we cover that has been the most negatively hit by opioid litigation. Our current estimates assume a settlement of approximately $1 billion. However, in light of recently accelerating settlements, we have taken a closer look at our cash flow forecasts. As of the second quarter, Teva had $26.5 billion in net debt. We estimate that Teva will generate approximately $8 billion in cash over the next 10 years, with the leanest years in 2021 and 2023 due to debt maturities. It will probably not need to refinance until the maturation of three senior notes of roughly $4 billion in 2021. We have conservatively assumed the blended interest rate will increase from 3.3% in fiscal 2019 to 8% in fiscal 2021. The shares are more than 70% off their 52-week high, reflecting significant uncertainty surrounding the opioid litigation, and are trading at 3 and 2 times price to 2020 and 2021 free cash flow, respectively. We think the shares will remain highly volatile until the resolution of the Ohio trial, but we believe Teva is undervalued, and we maintain our fair value estimate of $15 per share with a very high uncertainty rating."
End quote. -- Morningstar 9/4/2019
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Conglomerate Yanglin Soybean Group has obviously seen the rocketing trends of meatless plant-based Soybean entrees at thousands & thousands of restaurants across the globe worldwide.
GO 1.4 BILLION POPULATION CHINA YANGLIN!
FOR AN EXAMPLE OF CHINA’S INCREDIBLE EXPAAANSION GROWTH:
https://www.briefing.com/investor/popuppages/articlepopup.aspx?articleId=NS20190903133803StoryStocks
Owning an EXPANDING 5% of MULTI-MILLIONS YANGLIN for $25K!
“How Trump’s trade wars are fueling Amazon fires.”
“Brazil is now the top exporter of soybeans to China – and that is leading to the rainforest being burned down at an extraordinary rate.”
https://www.theguardian.com/commentisfree/2019/sep/01/brazil-amazon-wildfires-trump-trade-wars?CMP=Share_iOSApp_Other
( All content on this page quoted in entirety — except last sentence supportive to Yanglin. )
“The so-called “lungs of the world” are belching smoke as farmers set out after 10 August in a “day of fires” to clear forest for grazing cattle and planting soybeans. The result was more than 10,000 new fires spreading in the Brazilian rainforest, kindled by drought that drives wildfires raging from Russia to Africa.
Brazilian deforestation is no act of non-government organizations, as the president, Jair Bolsonaro – who called himself “Captain Chainsaw” – absurdly claimed. He ran for president last year exhorting homesteaders to stake their claim by cutting or burning. They scoff at scientists and outsiders alarmed that the planet could cook that much faster if the rain forest is torched, and have openly stated their goals shielded in sovereignty.
The number of fires increased more than 80% this year as the US trade war with China peaked. The Day of Fires was called just as China declared it would no longer buy US agricultural products. The biggest import from China was soybeans, accounting for over half Iowa’s annual crop.
This is part of a long-term development that has seen China invest in production capacity in Central and South America to shift its soy dependence away from the US.
Brazil is now the top exporter of soybeans to China. It is also building its beef export business in Asia as an African virus cut the Chinese hog herd in half, which will take years to rebuild.
As Brazilian savannas that grazed livestock give way to soybean cultivation, cattle move into the rain forest along with row-crop production.
As if the world were not already awash in soybeans, and corn. Upper midwest farmers have watched their soy prices drop by a third as Donald Trump and the Chinese president, Xi Jinping, ratchet up their rhetoric and tariffs.
Iowa soybean growers carefully cultivated China for decades to open up new export markets. Since the days that Nixon’s agriculture secretary, Earl Butz, commanded farmers to plant fencerow to fencerow to feed the world, China became Iowa’s top soy customer. When the state’s governor, Terry Branstad, was appointed ambassador, Iowa farmers thought the key to the door of the Forbidden City had been given to them. Then Trump, who said he loves farmers, started the trade wars with China, Mexico and Canada.
“You will never see the Chinese market the way you had it,” former Mexican ambassador to China Jorge Guajardo told me. “They will never make the mistake of depending on the United States again.”
He adds that Mexican buyers also are leery of counting on US agriculture suppliers. They have a free trade agreement with Brazil. They do not have one with the US.
Arrangements have been made. The supply chain has been twisted another direction. Now, Brazilians are using that language of feeding the world, and planting every last acre by expropriating rain forest from indigenous people if Chinese demand dictates it. And it does.
The soybeans sit in the bin in Iowa and Illinois awaiting a better day, as a harvest fast approaches, while the rain forest burns. In the rolling hills of southern Iowa painted in green pasture you can’t scare up a cattle buyer anymore. The beef slaughter plants in Fort Dodge and Denison are closed now, as the action moves to South America’s new frontier. We are growing so much soy and corn that the Gulf of Mexico is choking from excess fertilizer streaming down the Mississippi River. What we can’t feed to hogs and poultry we burn for ethanol, competing with the Brazilian cane growers who create environmental disasters all their own. Because of the trade wars, Trump has doled out $30 BILLION over two years in disaster payments to make up for depressed soybean markets. We can’t seem to give it away. It has many Iowa farmers talking with presidential candidates about doing things differently – like growing less corn and beans, and instead fighting the climate crisis by planting crops that capture carbon while restoring soil.
Yet the forest burns, and its carbon-capturing capacity goes up in smoke. All for some cheaper soybeans and hamburger. Trade wars may end, but supply chains are hard to bend back.
Art Cullen is editor of the Storm Lake Times in north-west Iowa, where he won the Pulitzer prize for editorial writing. He is author of the book Storm Lake: A Chronicle of Change, Resilience and Hope from a Heartland Newspaper (Viking, 2018) End quote. Guardian News.
NON-GMO & ORGANIC Yanglin will continue prospering & progressing with more 10X expansion growth per decade forward & beyond!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
CHINA CUTS OF 2 TRILLION YUAN IN TAXES+FEES!
That’s USD$279,460,000,000.00 United States Dollars!!
( MASSIVELY COLOSSAL $279 BILLION, 460 MILLION U.S. DOLLARS!!! )
AWESOMELY & ASTOUNDINGLY HUUUGE!!!
> EVEN MORE FOR YANGLIN’S PROGRESS >> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
“US+China begin NEW tariffs as trade war escalates.”
( AS OF MIDNIGHT EARLY THIS MORNING. )
https://www.theguardian.com/business/2019/sep/01/us-and-china-begin-imposing-new-tariffs-as-trade-war-escalates?CMP=Share_iOSApp_Other
TRUMP’S ‘SECRET TAX’ TARIFF WARS COST EVERY U.S. HOUSEHOLD UP TO $1,500. PER YEAR!
( As of June, it WAS FORMERLY $106 BILLION/YEAR, or $831./YEAR COST PER FAMILY.
NOT ANYMORE! —NOW ALMOST DOUBLE THAT!! )
Source PROOF: National Bureau Of Economic Research: June 2019.
“PROOF by PhD Robert Reich: TRUMP’S SECRET TAX ( tariffs ) on Ordinary Americans.”
Distorted irrational perceptions contrary to facts is mental illness.
"Jimmy Carter"-- REALLY-- what happened to interest rates and INFLATION when he was in charge!!
better find another example
“Jimmy Carter: 'illegitimate' Trump only Pres by Russian meddling”
https://www.theguardian.com/us-news/2019/jun/28/jimmy-carter-trump-illegitimate-president-russia?CMP=Share_iOSApp_Other
The old divide us & conquer strategy — while raiding the treasury with loopholes, corruption, malfeasance; but mostly voter suppression aided by Russian cyber-warfare intent to weaken trust in our institutions of democracy.
“Jimmy Carter: 'illegitimate' Trump only president because of Russian meddling.”
https://www.theguardian.com/us-news/2019/jun/28/jimmy-carter-trump-illegitimate-president-russia?CMP=Share_iOSApp_Other
Read it for yourself.
just one question- HOW DID TRUMP WIN!
TAlk about corruption-- CLINTON!
not going to have a political debate-- its off topic.
PLEASE VOTE
FACT: Swamped agencies with ‘political’ coal+gas+oil lobbyists
*6 bankruptcies despite Daddy’s $410 Million inheritance.
*5 FAKE deferments draft dodger cowardice.
*Dozens of women claim rape, abuse & molestation.
*12,000 lies documented by 6 major credible news organizations.
*Presently under 20+ state & federal investigations.
*Federal un-indicted 6 count co-conspirator on court record, who WILL be prosecuted (after leaving office) by Justice Dept.
*Dozens of Sexual Assault Prosecutions ongoing presently.
*Racial Housing Discrimination by Father Fred & Donald Trump judicatory against them with penalties.
*Mafia ties: Trump Plaza FINED over $200,000 for kickbacks.
*Trump University: Trump fined $25 MILLION for fraud.
*Found GUILTY of Conspiring to avoid paying UNION pension contributions& fined over $250K by court.
*Bounced out of casino business for breaking rules, paid $300,000 fine, & another $200,000 NJ fine which bankrupted him for 4th of 6 times bankruptcy proceedings.
*Antitrust Violations: FDA fined Trump $750,000 in 1987.
*Condo hotel fraud: Fined in NY & Florida.
*Refusing to pay workers & contractors: FINED AGAIN after lawsuits won over $5 million.
*Trump Institute University paid millions in fines for fraud to NY.
*Hired undocumented models: fined by U.S. Immigration.
*The Trump Foundation: Forced to close by NY Attorney General & fined 100’s of thousands.
*Violations of Cuban Embargo: 1998 penalties proven paid.
*Rolling back ALL regulations for safety & health, environment, & vulnerable’s poor safety net was & is proven cruelest in history; but gave $2 trillion tax cut to 1% Billionaires.
HUNDREDS MORE !
You gotta be kidding me? — YOU bought it all too!
Listen to a PhD Professor instead of 70% documented lies Fox News for a change.
READ MORE PLEASE!
the circus was the last administration- bowing to our enemies. DRAIN THE SWAMP - BUY AMERICAN.
Recession Risks Disappear When Circus Leaves Town.
Causing Much Higher Recession Risks — Next ‘Trump Tariff Wars’ threats scheduled: 9/1/2019 & 12/15/2019.
Quoted:
“Violence in the name of Trump.”
https://www.theguardian.com/us-news/ng-interactive/2019/aug/28/in-the-name-of-trump-supporters-attacks-database?CMP=Share_iOSApp_Other
Existing U.S. Tariffs on $250 BILLION of goods go to 30% ( previously 25% ) on 9/1/2019 & 12/15/2019 in 2 tranches.
Planned U.S.Tariffs on further $300 BILLION go to 15%; previously 10%.
China Tariff COUNTER-RISE also due on ( October 1st; 70th Anniversary Of PRC ); BUT HAS BEEN DELAYED & POSTPONED BY CHINA DUE TO VERY WISE & SAAVY SAGE BEHAVIOR OF China’s engagement of talks in September to NEGOTIATE MORE.
Sage PhD Professor Robert Reich:
Page 5 of last YSYB 10K:
YANGLIN SOYBEAN INC.
NO. 99 FANRONG STREET, JIXIAN COUNTY
SHUANG YA SHAN CITY
HEILONGJIANG PROVINCE
People’s Republic of China, 155900
(Address of Principal Executive Offices)
86-469-4693000
(Registrant’s Telephone Number, Including Area Code)
PAGE 68:
“The loan of $17 million to Yanglin is considered to be an investment in Yanglin by the Company through a series of contractual arrangements by way of the Loan. As a result of entering into the above mentioned agreements, WFOE is deemed to control Yanglin as a Variable Interest Entity as required by Accounting Standards Codification (“ASC”) 810 (revised December 2003) Consolidation of Variable Interest Entities. The reverse-merger also included an equity financing of $21,500,000 by the issuance of 9,999,999 shares of Series A Convertible Preferred Stock at $2.15 per share to 10 accredited investors.”
“As of April 8, 2013, we had outstanding (i) 24,586,049 9shares of Common Stock, (ii) 5,413,953 shares of Series A Preferred Shares, which were issued in a private placement to the Purchasers under the Series A Preferred Agreement.
The following warrants expired on October 3, 2012,:(i) Series A Warrants to purchase an aggregate of 10,000,000 shares of Common Stock at $2.75 per share, (ii) Series B Warrants to purchase an aggregate of 5,000,000 shares of Common Stock at $3.50 per share, (iii) Series E Warrants to purchase 1,000,000 shares of Common Stock at $2.58 per share and (iv) Series F Warrants to purchase 500,000 shares of Common Stock at $3.01 per share.”
End quote.
Page 4 last Yanglin Soybean Group 10K:
“Organizational History and Company Overview”
“Yanglin Soybean, Inc. (the “Company”) was incorporated in the State of Nevada on May 26, 1921. Prior to October 3, 2007, the Company had only nominal operations and assets.”
“On October 3, 2007, the Company executed a reverse-merger with Faith Winner Investments Limited (“Faith Winner (BVI)”) by an exchange of shares whereby the Company issued 18,500,000 common shares at $0.001 par value in exchange for all Faith Winner (BVI) shares.”
“Faith Winner (BVI) formed Faith Winner (Jixian) Agriculture Development Company (“Faith Winner (Jixian)” or “WFOE”), which entered into a series of agreements with Heilongjiang Yanglin Soybean Group Co., Ltd. (“Yanglin”). As a result of entering the agreements, WFOE gained control of all of Yanglin’s assets, management and business as if Yanglin were a wholly-owned subsidiary of WFOE. However, one of the shareholders of the Company is Winner State BVI, which is 100% owned by Mr. Shulin Liu and his wife, Mrs. Huanqin Ding, has effective control over Faith Winner (BVI) and WFOE as our subsidiaries, because it beneficially owns approximately 74.03% of our common stock. These contractual arrangements included a loan agreement, a consigned management agreement, two consignment agreements of equity interests, an exclusive purchase option agreement, a registered trademark transfer contract and a trademark licensing agreement. The Consignment Agreement was entered into on September 1, 2007, and the other agreements were all signed on September 24, 2007. The exclusive purchase option agreement and the consigned management agreement were amended as of April 3, 2009.” End quote.
CONGLOMERATE YANGLIN SOYBEAN INC HAS TREMENDOUS LONG VALUE!
GO YANGLIN! >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Video: The FUTURE Of Yanglin Soybean Group!
YEEEAAH BABY!!
>>>>>>>>>>>>>>>>
GO YANGLIN GOGOGO!!!
>>>>>>>>>>>>>>>>>>>>>>>>>
“Opening-day frenzy forces Costco to limit numbers at China store.”
https://www.theguardian.com/business/2019/aug/28/crowds-force-costco-to-limit-numbers-at-first-store-in-china?CMP=Share_iOSApp_Other
SEC RECOGNIZES STATED CHINA’S ‘FORCE MAJEURE’.
“Force Majeure clause is a provision in a contract that excuses a party from not performing its contractual obligations that becomes impossible or impracticable, due to an event or effect that the parties could not have anticipated or controlled. (( GREAT RECESSION, ET AL )) These events include natural disasters such as floods, earthquakes and other "acts of God," as well as uncontrollable events such as war or terrorist attack. Force majeure clauses are meant to excuse a party provided the failure to perform could not be avoided by the exercise of due diligence and care.”
End quote.
ABSOLUTELY LEGALLY RECOGNIZED BY THE SEC!!!
IMHO:
China’s { ‘CPC’ Communist Party Of China } Emerging economy ( A Command Economy! ) is forced to adhere to very strict BILINGUAL (( ‘SOX’ = Sarbanes-Oxley )) section 404; which is extremely costly for small companies. USA law firms hired by ‘SHORTS’ anxiously PREY on them for any tiny error or infraction of the rules; which is a tremendous multi-million dollar threat to the foreign China companies survival.
USA law firms initiated by ‘SHORTS’ have taken to preying on China companies as targets for mere enrichment due to tiny technical errors in financial statements. You have seen this done hundreds of times, & it then requires China companies to hire very expensive accounting firms to handle their SEC reporting statements requirements.
YANGLIN MUST be VERY super cautious, & ONLY re-register when coming from a position of STRENGTH.
Soybeans ( Chicago Board Of Trade ) commodity futures this morning are way down to $859 or so.
With a FREEZE ON CHINA BUYING ANY DUE TO CRAZY TARIFF WARS WITH MULTIPLE COUNTRIES & EVEN OUR ALLIES; it’s doubtful that any change will happen until the circus leaves town.
THE MARKET IS NOT PRESENTLY THERE RIGHT NOW DUE TO TARIFFS WARS, BREXIT, NO GLOBAL RECOVERY FROM LAST ‘“GREAT RECESSION’” SEEN YET, EXCEPT USA BLUE CHIPS ETC., ET AL.
Yanglin is a LONG VALUE investment.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
GO YANGLIN YEEEAAAAH!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
How To Bring Delinq Ex Act Reporting Co Current:
( IMHO, The SEC is absolutely worthless for protecting consumers assets, or much else. )
Here’s proof —again:
securities-law-blog.com/2013/01/25/how-to-bring-a-delinquent-exchange-act-reporting-company-current/
“How To Bring A Delinquent Exchange Act Reporting Company Current.”
QUOTED LAW FIRM = SOLID UNDENIABLE IRREFUTABLE PROOF!!!
“SEC Delinquent Filers Program
In 2004 the Securities and Exchange Commission (“SEC”) instituted the Delinquent Filers Program and created the Delinquent Filers Branch as part of its Division of Enforcement. The Delinquent Filers Branch was instituted to encourage publicly traded companies that are delinquent in the filing of their required periodic reports (Forms 10-K and 10-Q) under the Securities Exchange Act of 1934 (“Exchange Act”) to provide investors with accurate financial information upon which to make informed investment decisions. The securities registrations of issuers that fail to make their required periodic filings are subject to suspension or revocation by the SEC and other enforcement proceedings.
Since it was instituted, the SEC Delinquent Filers Branch has suspended the trading and/or revoked the registration of hundreds of companies, often in sweeps of large groups of filers in a single day. Generally, a delinquent filer would receive a letter from the SEC giving the Company 10 days in which to make the filings current, and if such filings were not made current during that time, the SEC would institute administrative proceedings to revoke the registration of the Company’s securities.
Becoming Current
During the early years of the program, the SEC would not allow a multi-year or comprehensive filing, but would require the Company to file all missing reports (3 10-Q’s and 1 10-K for each year delinquent). However, during the recession, and in particular 2008-2012, many companies subject to the Exchange Act reporting requirements became delinquent in the filing of such reports for valid and unavoidable business reasons. In an effort to assist these entities in becoming current with their reporting requirements, the SEC, under certain circumstances, now allows the filing of a multi-year comprehensive 10-K in lieu of the filing of each and every missing report.
Accordingly, a Company that is delinquent in its reporting requirements has three options to become current in its reporting requirements. Upon filing the delinquent reports, the Company will satisfy the current information requirement for use of Rule 144 and will satisfy the “filed all reports” requirement for use of Form S-8.
Option A: File All Past Due Exchange Act Reports
This option is fairly self-explanatory; however, a few practice notes are helpful. In preparing and writing the past due reports, the drafter should complete all the information to the current date of filing the report. That is, the description of the business and business plans, the names and bios of the officers and directors, the sale of unregistered securities—basically everything—should be written as of the date of filing. In addition, there should be an added section in the MD&A which discusses the financial statements attached to that particular report and addressing that particular period. Where appropriate, historical information should be disclosed. So, for example, if the officers and directors have changed, there should be an explanatory disclosure as to the changes and historical information presented, followed by the current officer and director information as of the date of filing.
Accordingly, when completing all past due filings, the bulk of each document will be exactly the same, with the differences consisting of the financial statements, the MD&A section discussing the financial statements for that particular period, and the front page disclosing the date for which the report applies. Each report will be signed and certified by the current chief executive and accounting officers.
Filing all delinquent reports will not satisfy the requirement that a Company has “timely filed” all periodic reports, but it will satisfy the requirement that the Company has filed all reports required to be filed over the subject period of time.
Option B: Request Permission for and File a Multi-year Comprehensive Form 10-K
A Company desiring to file a multi-year comprehensive Form 10-K must obtain permission from the SEC, which requires a great deal of initial groundwork to demonstrate the ability to file the required report in a timely fashion. In particular, a Company desiring to file a multi-year comprehensive Form 10-K must submit correspondence to the SEC’s Office of Chief Accountant at the Division of Corporation Finance that:
Lists all missing periodic reports;
Describes in relative detail the reason for the delinquency and explains why and how the Company intends to resume reporting;
Details how the Company intends to complete the multi-year comprehensive Form 10-K, including the exact financial statements to be included, the date the filing will be made, the auditor that has been retained (it is helpful for the auditor to include a statement that he or she has, in fact, been retained and are engaging in the required services), and any other supportive facts demonstrating the Company’s ability to comply with the request;
Details any information that will not be included in the report that otherwise would be required and the reason for the exclusion (for example, lost or destroyed records) and requesting relief from the inclusion of such information under Rule 409 of the Exchange Act (Rule 409 allows a company to exclude information that is unknown and not reasonably available without unreasonable effort or expense with proper explanations of why the information cannot be obtained and the materiality of the missing information);
Requests that the SEC staff not object to the filing of the multi-year comprehensive Form 10-K in lieu of all individual delinquent reports; and
Promises to file all required future reports in a timely manner
Of course, competent counsel should be retained to either make the submission on the Company’s behalf or assist in the process. Generally, the SEC responds within 10 days. The SEC response reminds the Company that the SEC does not relieve reporting requirements, but that it may accept the one-time multi-year comprehensive Form 10-K as long as such document contains all of the following:
Audited financial statements for each delinquent fiscal year;
A section in the MD&A discussing the financial statements for each set of financial statements filed in the report, including quarterly statements, and a prior year or quarter comparison of results of operations for each year end period provided;
Unaudited summarized financial statements for each of the three quarters (and prior year comparisons) for at least the last two fiscal years;
All material information that would have been disclosed in the delinquent periodic reports had they been filed.
The multi-year comprehensive Form 10-K should be current to the date of filing, including the discussion of the business and business plans. Additional disclosures and risk factors may appropriate related to missing information, reasons for the delinquency in reporting, the impact of the delinquency in reports (such as Form S-3 eligibility), weaknesses in internal controls, and how the Company intends to rectify its issues and remain current in its reporting requirements in the future.
As with Option A, the multi-year comprehensive Form 10-K will not satisfy the requirement that a Company has “timely filed” all periodic reports, but it will satisfy the requirement that the Company has filed all reports required to be filed over the subject period of time. Upon filing the multi-year comprehensive Form 10-K, the Company will satisfy the current information requirement for use of Rule 144 and will satisfy the “filed all reports” requirement for use of Form S-8.
Option C: Terminate Exchange Act Registration by Filing a Form 15 Followed by a Form 10 Registration Statement
If a Company qualifies to do so, they may file a Form 15, terminating its Exchange Act registration and thereby relieving it of the Exchange Act reporting requirements. To qualify to file a Form 15, a Company currently must either have fewer than 300 shareholders, or fewer than 500 shareholders if it has assets of less than $10 million.
As I have blogged about in depth in the past, Title V of The JOBS Act amends Section 12(g) and Section 15(d) of the Exchange Act as to threshold shareholder requirements and registration and deregistration requirements such that the shareholder threshold before requiring registration and subsequent reporting with the SEC has been increased from 500 to either (a) 2,000 or more, or (b) 500 or more unaccredited shareholders. I expect that the SEC will implement rules to amend Exchange Act Rule 12g-4 to conform with Section 12(g).
A Form 15 does not technically relieve a Company’s obligation to file past due reports (only future reports); however, in practice the SEC does not generally require such filings.
An Issuer that files a Form 15 may thereafter file a new Form 10 registration statement subjecting it to the Exchange Act reporting requirements going forward. As with all Form 10 registration statements, the Form 10 will include two years of audited financial statements.
Option C is especially attractive to a Company that is in excess of two years delinquent in its reporting requirements and cannot reasonably obtain the records necessary to complete its audits for those years beyond the two-year period.”
The Author:
Laura Anthony, Esq.
Founding Partner
Legal & Compliance, LLC
Corporate, Securities and Going Public Attorneys
LAnthony@LegalAndCompliance.com
*****************************************************
END QUOTE.
((( Yanglin could also list anywhere else in the world they desire, & we could trade on that exchange as well. )))
PROOF POSITIVE!!!!!!!!!
>>>>>>>>>>>>>>>>>>>>>
GO YANGLIN GO!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>
Why would a mere software algorithm on E*TRADE affect your thinking?
Going dark is not going private.
”Going dark” should not be confused with a “going private” transaction.”
“A “going private” transaction generally involves the cash-out of all or a substantial portion of a company’s public shares so that the company becomes eligible to delist and deregister its shares under the Exchange Act. “Going private” transactions can take many forms and may involve a merger, tender offer or reverse split of the company’s shares. “Going private” transactions require extensive and detailed disclosure filings under Rule 13e-3, the “going private” rule. “Going private” transactions are often undertaken by or at the direction of controlling shareholders or third party acquirors and require extensive board consideration, disclosure, fairness opinions, SEC filings and often a shareholder vote.”
“Going dark,” on the other hand, can be accomplished without a shareholder vote, fairness opinion or any shareholder cash out. While some companies electing to delist and “go dark” have considered the possibility of providing shareholders with a liquidity event, such as a tender offer or stock repurchase program, in practice this is not often done because companies which “go dark” rarely have sufficient cash resources to make a meaningful tender offer. Nevertheless, such a liquidity event could be undertaken in connection with a “going dark” transaction by a company that has the cash resources to offer one, provided that care is taken not to trigger the “going private” rules.”
“Public company burdens are particularly acute for companies with a market capitalization of less than $50 million and total revenues of under $100 million. Public company compliance costs can range from $1.0 million to over $3.0 million annually even for such a relatively small company. The more troubled the issuer, the more burdensome public company status can become as a company spends a greater proportion of its diminishing resources dealing with difficult disclosure and accounting questions. In the past there has been some stigma associated with “going dark.” As the current recession has deepened, this negative perception may have less force as companies face the very high costs of remaining a public company in a very difficult business environment.
—quoted law firm in entirety.
Who the hell knows what we have. It shows zero in my ETrade account!
are we holder of PRIVATE CO shares?
Most new China Listings 10X~20X Book Value Already.
Bili =14.39, but BV is only = $3.13 !!!
Nio =$2.89, but BV is only = .32 cents !!!
Pinduoduo =$30.42, but BV is only $3.13 !!!!!
YY = $54.61, but BV is only $53.77.
Qudian = $7.87, but BV is only $5.58.
Huya = $22.86, but BV is only $4.05 !
Weibo = $40.27, but BV is only $8.64 !
Luckin Coffee = $18.85, but BV is only $1.13 !!!!!
Iqiyi = $17.56, but BV is only $3.32 !
Lexinfintech = $10.12, but BV is only $3.91 !
The 9 LTD = $1.12, but BV is a NEGATIVE -$3.40 !!!!!!!!!
One exception: CGA China Green = $5.31, & BV =$ 10.21 modestly anyway —per 2019.
Disclaimer: Own NONE.
NON-GMO CONGLOMERATE YANGLIN SOYBEAN GROUP IS FAR & AWAY MUCH BETTER!!!
YANGLIN IS THEE VERY BEST OF THE BEST TO COME!!!!!!!!!
> >> >>> >>>> >>>>> >>>>>> >>>>>>> >>>>>>>>
LYFT WAITING until 2023 to (maybe) profit!
And some think Long Value YSYB Yanglin is a concern...
( Especially after Yanglin expanded 10X since 2007! )
GO YANGLIN GOGOGO!!!
> >> >>> >>>> >>>>> >>>>>>
ONLY real threat to Yanglin Soybean Group+ourselves:
( WILL NON-GMO & ORGANIC YANGLIN HELP SAVE THE WORLD? ) You betcha NON-GMO will!
TOXIC DISEASE causing SMOG Particulates:
“Particulate matter consists of extremely small particles that can contain hundreds of toxic chemicals. Fine particles, those of 2.5 micrometers or less, present the greatest health risk because such small contaminants can be inhaled deeper into the lungs and even enter the bloodstream. Both short-term and long-term exposure to elevated levels of particulates can harm health.
Exposure to particulate pollution can cause many of the same respiratory problems as exposure to ozone, along with a range of cardiovascular prob- lems, including heart attack, stroke, congestive heart failure, and reduced blood supply to the heart. These problems can result in increased hospital admissions and premature deaths. Particulate pollution can also cause coughing, shortness of breath, asthma attacks, and increased emergency room visits.
Children are particularly at risk from exposure to particulate pollution. For example:
• A pregnant woman’s exposure to elevated levels of particulate pollution increases her risk of having her baby early. More than 15,000 pre- term births in the U.S. in 2010 were likely the result of particulate pollution.
• Exposure in utero to particulate pollution
raises the risk that a child will have an autism spectrum disorder. The higher the mother’s exposure to particulate pollution, the higher the autism risk for her child.
• Particulate pollution may trigger changes in children’s brains that are early physical markers of Alzheimer’s disease.
• Children who are exposed to elevated levels of particulates may experience irreversible damage as particulate pollution interferes with lung growth and development. Exposure to particulates may also cause children to be less able to fully inhale and more likely to develop asthma.
pollution are more likely to develop dementia. Another study that looked at both older men and women exposed to elevated ozone and particulate pollution found elevated Alzheimer’s disease risk.
Air Toxics
Fossil fuel combustion releases toxic air contaminants such as benzene, formaldehyde and 1,3-butadiene that contribute to smog and particulate pollution, and that are also hazardous on their own. At sufficient levels of exposure, these pollutants can irritate airways and lungs, cause asthma, worsen asthma symptoms, and cause leukemia and other types of cancer. Levels of air toxics are not included in the analysis presented in this report.
• Short-term increases in particulate pollution may raise the risk that children will develop respiratory infections, such as influenza. A study of people living in Utah’s Wasatch Front region, which includes Salt Lake City, found that more young children received medical care for lower- respiratory infections in the weeks following spikes in particulate pollution.
Older people are vulnerable to neurological damage from particulate pollution. Older women who live in areas with higher levels of particulate pollution are more likely to develop dementia. Another study that looked at both older men and women exposed to elevated ozone and particulate pollution found elevated Alzheimer’s disease risk. End quote Only partial text quoted.
https://environmentarizonacenter.org/sites/environment/files/reports/Trouble%20in%20the%20Air%20vAZ.pdf
( THE ONLY REAL THREAT TO CONGLOMERATE YANGLIN SOYBEAN GROUP IS ENVIRONMENTAL CORRUPTION & MALFEASANCE. )
HOW IS ALL THIS UNREGULATED TOXIC POLLUTION POSSIBLE WITH CORRUPTED OVERSIGHT?
“Koch Industries, a private company, is the United States’ 17th-largest producer of greenhouse gases and the 13th-biggest water polluter, according to research from the University of Massachusetts Amherst - ahead of oil giants Exxon Mobil, Occidental Petroleum and Phillips 66. The conglomerate has committed hundreds of environmental, workplace safety, labor and other violations. It allegedly stole oil from Indian reservations, won business in foreign countries with bribery, and one of its crumbling butane pipelines killed two teenagers, resulting in a nearly $300m wrongful death settlement. The dangerous methane leakage, carbon emissions, chemical spills and other environmental injustices enacted by Koch’s companies have imperiled the planet and allegedly brought cancer to many people. But it took Koch’s own struggle with the disease for him to care about cancer and fund research to combat it.
This is the tragic mindset of many a rightwing oligarch: The toils, the woes, the maladies of humankind are irrelevant — unless they happen to me, or perhaps my close family members. I’ve never struggled to live on $7.25 per hour, so why is it a problem? An ailment has never caused me to go bankrupt, so why would anyone possibly need government subsidies to pay for life-saving medical care? Climate change has never directly affected my life so I’ll keep on denying that humans have anything to do with it. Even though I inherited a business and a fortune, I earned every cent of my astronomical net worth. If you worked as hard as I have, you would have what I have, too.
Koch epitomized this grotesquely selfish mentality during his 1980 vice presidential campaign on the Libertarian ticket, when he ran on abolishing Social Security, Medicare and Medicaid, welfare benefits, the minimum wage and the Environmental Protection Agency. He put $2m of his own money into the effort and campaigned to ax all campaign finance laws so he and his brother could maximize their bloated political influence without any pesky rules attempting to honor the constitutional premise of American elections: “one person, one vote.”
It is this cruel mindset that was the real cancer plaguing David Koch. It wouldn’t kill him, but it would spread itself into university curricula, the halls of Congress, regulatory agencies, and the White House. It possessed the unfathomably rich who came before him, and it will infect the opulent oligarchs who come after him. It is the cult of anarcho-capitalism, the faithful worship of the divine free market that has shined so brightly on Koch and his family. If only we could do away with government altogether, we’d become a true utopian society: a handful of corporate monarchs ruling over billions of wretched serfs who toil away until their deaths, faithfully adding zeros to the quarterly revenues of the select few at their own fatal expense.
Not only did Koch help unleash countless metric tons of greenhouse gases from the earth, he was a key funder of climate change denialism, stiff-arming scientists in order to further plunder the earth he was destroying. Revelations in Christopher Leonard’s new book, Kochland, show that Koch played an even greater role in funding climate change denialism than we previously knew. As we careen towards a climate catastrophe that seems more and more likely to happen within the next 11 years, we can rightly pin a portion of the blame on David and his brother.
With Charles, David funded and participated in a network of free-market think tanks that produced academic literature in support of slashing taxes and gutting regulations in order to aid mega-corporations like Koch Industries. These ideological centers include the Cato Institute, which the Kochs founded and where David was a long-time board member; the American Enterprise Institute, where he was a member of its National Council; George Mason University’s Mercatus Center and the Institute for Humane Studies; and the Heritage Foundation. Now alumni of the Koch academic and policy network have become government administrators, regulatory officials, political advisers and lifetime judges.
In 1984, David co-founded the predecessor to the nonprofit Americans for Prosperity (AFP), among the first of many political major groups the brothers would fund and operate. The Kochs increased their political spending and engagement over decades, using AFP and other groups to publicize the think tanks’ laissez-faire policy proposals and pressure members of Congress to support them. In 2009, AFP helped get the allegedly grassroots Tea Party off the ground, as it and other Koch network organizations began years of campaigning against President Obama’s effort to give millions of low-income Americans health insurance and expanded Medicaid. David has funded research into cancer therapies but appears to believe that only the financially secure deserve treatment.
Spending by the Kochs’ political groups and campaign donations from the Kochs and their company’s PAC made a wave of rightwing ideologues into lawmakers at the state and federal levels. The Tea Party sweep in 2010, a phenomenon that laid the groundwork for a rightwing nationalist president, would not have been nearly what it was without the Koch largesse. Now the Koch political network claims to be distressed at President Trump’s cruel immigration policies and tariff wars, yet the network championed the contemporary far-right movement that has seated countless lawmakers who revel in anti-immigrant and nationalist policymaking.
In the current decade, while Koch-backed state legislators made sweetheart deals with oil and gas companies and crippled the progress of solar companies, Koch beneficiaries in the House and Senate were cutting taxes, undoing federal regulations, and doing all they could to kick millions of Americans off of their health care coverage.” End quote. Only partial text quoted.
“Death and destruction: this is David Koch's sad legacy.”
https://www.theguardian.com/commentisfree/2019/aug/27/death-destruction-david-koch-legacy?CMP=Share_iOSApp_Other
( We only have ONE decade left to address Climate Change Global Warming before it cascades out of control forever —to end with human extinction. NO PLAN B! )
This is the only threat to NON-GMO & ORGANIC Yanglin Soybean Group’s expansion growth; but it may cause less meat & dairy consumption in lieu of plant-based SOYBEAN (meatless) healthier wholesome vegan entrees worldwide.
Worth pondering about to activate attention to what world scientists call the ‘6th Extinction’ in world history RIGHT NOW.
SUPPORT NON-GMO YANGLIN SOYBEAN GROUP BY SUPPORTING ENVIRONMENTAL JUSTICE!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
GO CONGLOMERATE YANGLIN SOYBEAN GROUP GOGOGO!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
ONLY TEN YEARS LEFT TO POSSIBLY CONTROL GLOBAL WARMING FROM CASCADING!
“Piles of hail, flash floods and a tornado hit Spain – video”
https://www.theguardian.com/global/video/2019/aug/27/piles-of-hail-flash-floods-and-a-tornado-hits-spain-video?CMP=Share_iOSApp_Other
China MUST Use Only NON-GMO For Any Human Soy-Burgers!
It’s illegal to sell GMO ANYTHING in China to humans!
Therefore, when this soybean plant-based (meatless) burgers, nuggets, etc., et al — HITS CHINA’S 1.4 BILLION POPULATION, YANGLIN WILL EXPLODE HUUUGE!!
FACT: Meatless Soy Plant-Based Vegan entrees are seeing BOOMING INTEREST across the globe.
Yum brands (YUM) & (YUMC) owns 22,621 KFC in 136 countries; & 5,003 in CHINA ALONE. They announced a soy plant-based vegan meatless boneless wings & nuggets entree already selling nationwide.
(QSR) owns 17,796 Burger King restaurants in over 100 countries; & they already sell a SOY plant-based meatless burger called the ‘IMPOSSIBLE BURGER’ in coordination with (BYND) Beyond Meat Inc..
Pizza Hut, Taco Bell, Burger King & more are now under the umbrella of (RBI) as of 2014 with Buffett & 3G Capital merger traded on TSX & NYSE.
( The NYSE is the world’s biggest by CAPITALIZATION of $30.1 TRILLION! ) China listings WILL BE BACK!
Both companies are huge very large conglomerates with many other subsidiaries known to us all.
JUST THINK WHAT 1.4 POPULATION CHINA (( NON-GMO SOY-PLANT-BASED BURGERS & NUGGETS, ETC., ETC., ETC. )) WILL DO WITH YANGLIN SOYBEAN GROUP BEING THEE BIGGEST EXCLUSIVELY NON-GMO 2 MILLION TONS PER YEAR PROCESSOR IN CHINA?
Answer:
TREMENDOUS! TREMENDOUS!! TREMENDOUS!!!
GO CONGLOMERATE YANGLIN SOYBEAN GROUP NON-GMO SOY PLANT-BASED BURGERS & NUGGETS, ETC., & MORE GALORE!
****************************************************************
GO NON-GMO YANGLIN BURGERS & NUGGETS — TO COME SOON...
****************************************************************
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
ALREADY IS GLOBAL WORLDWIDE BABY!!!!!!!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
JNJ Opioid Ruling May Be $17B Biggest In History!
“Aug. 26, 2019 3:13 AM ET|About: Johnson & Johnson (JNJ)|By: Carl Surran, SA News Editor
Johnson & Johnson (NYSE:JNJ) is bracing itself for a ruling today from an Oklahoma judge over whether it should be held liable in a lawsuit by the state's attorney general who argues the company sowed the seeds of the U.S. opioid crisis.
The verdict, expected at around 4:00 p.m. Eastern Time, will be the first on whether J&J's sales of opioids contributed to an epidemic described by the Oklahoma AG in his opening remarks as the "worst man-made public health crisis in the history of this country and this state."
The state has asked for more than $17B to fix the epidemic over a 30-year plan; if the judge sides entirely with the state, the verdict would be the biggest monetary award handed down in a bench trial in U.S. history.
"Johnson & Johnson took a gamble here, going to trial in front of the world in a televised courtroom," says Yale Law School professor Abbe Gluck. "They could have a huge victory or they could have a huge defeat, and that's going to set a tone for everything that follows."
Update: According to Evercore ISI's Elizabeth Anderson, the company will be fined between $500M and $5B. If the fine is $1B - 5B, then this may reinforce the view that drug distributors could be fined as much as $20B. RBC's Randall Stanicky counters that most investors are expecting a fine of less than $500M.” End quote.
https://seekingalpha.com/news/3494484-johnson-johnson-opioid-ruling-expected-today
HOLY SMOKES!!!!!!!!!!!!!
UPDATE FROM NEW YORK TIMES JUST NOW:
“$572 Million Decision Against Johnson & Johnson in Landmark Opioid Trial
The first case against a drug manufacturer for the national public health disaster may indicate what lies ahead in 2,000 more lawsuits.“ End quote.
( 2,000 MORE JNJ LAWSUITS — JUST LIKE MONSANTO / BAYER HAS GOT WITH 14,800+ LAWSUITS! )
https://www.nytimes.com/2019/08/26/health/oklahoma-opioids-johnson-and-johnson.html?smid=nytcore-ios-share
NBC NEWS JUST NOW:
( JNJ CAUSED OVER 6,000 OPIOID DEATHS IN OKLAHOMA ALONE! There’s 49 other WORSE states stats! )
“Johnson & Johnson must pay over $572 million for its role in the Oklahoma opioid epidemic that officials claim led to more than 6,000 deaths in the state over nearly two decades, a judge ruled Monday.
Oklahoma Attorney General Mike Hunter claimed in court that Johnson & Johnson (J&J) and its pharmaceutical subsidiary, Janssen, marketed opioids to doctors while downplaying the risks of the addictive painkillers since the 1990s. The state claimed that the company's sales push created “a public nuisance” that led to more than 6,000 deaths in Oklahoma over nearly two decades.
J&J has denied any wrongdoing and its attorney, John Sparks, disputed the application of the public nuisance law made by Oklahoma prosecutors. Sparks said the state was misinterpreting the law, having previously limited it to disputes involving property or public spaces.
Cleveland County District Judge Thad Balkman said Monday that Johnson & Johnson must pay $572,102,028.
The ruling is being seen as a litmus test for nearly 2,000 pending opioid cases before a federal judge in Ohio, especially as other pharmaceutical companies faced with similar accusations have chosen to settle.“
https://www.nbcnews.com/news/us-news/johnson-johnson-must-pay-over-572-million-its-role-oklahoma-n1046476
CRIMINAL CORPORATE MALFEASANCE that kills 130 opioid victims per day in the USA!
“Young are victims of the opioid crisis.
More children are being sent to foster care due to a parent's opioid misuse. Psychologists are ramping up efforts to help. From 2013 to 2015, the number of children in foster care nationwide jumped almost 7 percent to nearly 429,000, according to the U.S. Department of Health and Human Services' Administration on Children and Families. Parental substance use was cited as a factor in about 32 percent of all foster placements, a rise of 10 percent from 2005.
The increase in demand for foster care comes at a time when opioid deaths have surged. From 2000 to 2015, more than half a million people died of an overdose, and currently 91 people a day die from overdoses of prescription or illicit opioids, according to the Centers for Disease Control and Prevention. And, unfortunately, many children, the indirect victims of the crisis, are not getting the care and services they need.“ End quote.
https://www.apa.org/monitor/2018/01/opioid-crisis
Thank goodness NON-GMO Conglomerate Yanglin Soybean Group has nothing but healthy wholesome goodness!!
GO YANGLIN GOGOGO!!!
>>>>>>>>>>>>>>>>>>>>>>>
U.S. Listed China Stocks Up After PBOC Rates Change.
Very helpful to China businesses like Yanglin!
https://www.caixinglobal.com/2019-08-26/chinas-central-bank-puts-floor-under-mortgage-rates-101455164.html
WHOA!!! KFC WILL OFFER PLANT BASED NUGGETS!
MANY—MANY—MANY OTHER RESTAURANTS JUMPING FOR PLANT-BASED (MEATLESS) FOODS TOO!
(( VEGANISM UP OVER 400% IN UK )) Even more in USA!
MEAT SUBSTITUTES ENTREES ARE ON FIRE AROUND THE WORLD!!
BYND Beyond Meat is UP 4% today — on the news...
KFC & BURGER KING OWNED BY YUM BRANDS, which is HUUUGE IN CHINA!!!!!!!!!
Conglomerate Yanglin SOYBEAN Group WILL SOAR SOONER THAN YOU THINK!!
GO YANGLIN GO!!!
>>>>>>>>>>>>>>>>>>>>>>>
LINK:
“Give peas a chance: KFC to hold US trial of vegan ‘chicken’ nuggets”
https://www.theguardian.com/lifeandstyle/2019/aug/26/give-peas-a-chance-kfc-to-hold-us-trial-of-vegan-chicken-nuggets?CMP=Share_iOSApp_Other
>50K JNJ lawsuits=$6.2 Billion, Cash ONLY $14.4 billion!
HOW BAYER/MONSANTO & JOHNSON & JOHNSON MAY LIKELY GO BANKRUPT SOON!
Conglomerate YANGLIN Soybean Group will ZOOM & KA-BOOM SOON!
GO YANGLIN GOGOGO!!
>>>>>>>>>>>>>>>>>>>>>>
NON-GMO & ORGANIC YANGLIN!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
— YEEAAAH BABY YEEEAAH!!!!!!!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
https://dashboards.trefis.com/no-login-required/iMrn0t14/How-Much-Money-Could-Johnson-Johnson-Have-To-Shell-Out-To-Settle-Its-Lawsuits-
https://dashboards.trefis.com/no-login-required/iMrn0t14/How-Much-Money-Could-Johnson-Johnson-Have-To-Shell-Out-To-Settle-Its-Lawsuits-
funny "CHINA,CHINA ,CHINA"
He Loves China So Much, He Copies Their Wall!
( That’s how you say “chain her” with an Aussie accent. ) ~ humor!
‘SHINA’ IS A GREAT COUNTRY! ~ WOW! ~ ‘JAINA’ IS TOO!!
( Is the U.S. just a reality show for the rest of the world now? )
All the more reason to appreciate & support LONG VALUE share-ownership of YANGLIN SOYBEAN GROUP!
GO NON-GMO & ORGANIC HEALTHY WHOLESOME NUTRITION GOODNESS!!!!!!!!!
>>>>>>>>>>>>>>>>>>>>>
GO YANGLIN GOGOGO!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
China FREEZES U.S. Agricultural Purchases & MORE!
Wall Street Journal quoted 5 minutes ago:
“China will impose tariffs on $75 billion worth of U.S. products to retaliate against U.S. moves to slap punitive tariffs on an additional $300 billion of Chinese goods.
China’s cabinet said Friday that it will impose tariffs of 5% and 10% on what amounts to roughly the remaining U.S. imports it has yet to imposes punitive taxes on. It said it will also impose tariffs on U.S. vehicles and car parts, instead of holding off on such a plan.
U.S. stocks fell after China announced the retaliatory tariffs.
Chinese tariffs on $75 billion in U.S. goods will be imposed in two batches, on Sept. 1 and Dec. 15, the same dates U.S. tariffs go into effect. Chinese tariffs on U.S. auto goods will start Dec. 15, according to the nation’s cabinet.
The two countries have been locked in a prolonged trade and technology dispute, with trade officials making little progress in resolving the conflict. After President Trump announced his plans for fresh tariffs at the start of the month, Beijing responded by officially announcing the freezing of purchases of U.S. agricultural products and letting its currency drop to its lowest level in a decade. A weaker yuan makes Chinese exports cheaper.”
End quote.
https://www.wsj.com/articles/china-to-impose-tariffs-on-more-u-s-products-11566562931
YANGLIN REVENUES WILL JUMP HIGHER!!!
ESPECIALLY DOMESTICALLY IN 1.4 BILLION POPULATION CHINA!!!!!
GO YANGLIN GOGOGO!!!!!!!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Appeal For Reinstating $250M Damages WILL ROCK THE WORLD!
((( It’s absolutely inevitable that Conglomerate Yanglin Soybean Group WILL BOOM & SOAR!! )))
Quote: “August 19, 2019
“Serious, Deadly Injury” Cited in New Appeals Court Filing Over Roundup Cancer Claims
A California appeals court should reject efforts by Monsanto to overturn a jury verdict awarding millions of dollars to a school groundskeeper and approve $250 million in punitive damages the jury ordered a year ago this month in the first Roundup cancer trial, according to a brief in the case filed Monday.
The brief filed by lawyers for Dewayne “Lee” Johnson responds to arguments by Monsanto made in the appeal and cross-appeal lodged in the state appellate court. The appeal was initiated last year by Monsanto following an Aug. 10, 2018 jury decision that marked the first of three courtroom losses for the agrochemical giant and its owner Bayer AG. The jury in the Johnson case awarded $289 million in total damages, including $250 in punitive damages. The trial judge then lowered the punitive amount to $39 million for total damages of $78 million.
While Monsanto wants the entire jury decision thrown out, Johnson’s attorneys are asking for the total of $289 million to be restored by the appeals court.
Johnson is one of roughly 18,400 people suing Monsanto over allegations that Monsanto’s glyphosate-based herbicides such as Roundup cause non-Hodgkin lymphoma (NHL) and claims that Monsanto has spent decades covering up the risks.
Both sides in the Johnson appeal are awaiting the scheduling of oral arguments, which are expected within the next couple of months. A decision by the appeals court could come before the end of the year.
The appellate decision could be pivotal. Bayer shares plummeted after the Johnson verdict and have continued to be weighed down by two more jury decisions against Monsanto in two subsequent trials. Bayer has indicated it is ready to talk about a global settlement of the Roundup cancer litigation, and a decision by the appeals court could substantially impact the direction and outcome of settlement talks.
In the brief filed Monday, Johnson’s lawyers argued that Monsanto’s conduct was so “reprehensible” as to warrant much more than a “slap on the wrist,” and cited precedent court decisions finding that punitive damage awards equal to 5 percent of a defendant’s net worth is appropriate for “minimally reprehensible behavior.”
Based on Monsanto’s stipulated net worth of $6.8 billion, the punitive damage award of $250 million equals 3.8% and is “a light punishment considering Monsanto’s highly reprehensible behavior,” lawyers for Johnson stated in their brief. The punitive damage award of $250 million “is not unreasonable and it appropriately serves California’s goals of protecting public health, deterring future corporate malfeasance and punishing Monsanto,” the brief states.
The Johnson argument goes into great detail about evidence obtained through discovery, including internal Monsanto emails in which company scientists discussed ghostwriting scientific literature, Monsanto worries about how to counter building evidence of genotoxicity with its herbicides, the company’s failure to do carcinogenicity testing of its formulations, Monsanto’s cultivation of friendly officials within the Environmental Agency (EPA) for backing, and the company’s secret payments to front groups like the American Council on Science and Health (ACSH) to promote the safety of Monsanto’s herbicides.
Johnson’s attorneys say Monsanto’s deceptive conduct has been similar to that of the tobacco industry.
“The Serious, Deadly Injury Suffered by Johnson Supports a Finding that Monsanto’s Conduct Was Highly Reprehensible,” the Johnson brief states. Johnson’s terminal diagnosis and his very painful physical condition warrants the jury award of $289 million, his lawyers wrote.
“Johnson is suffering from extremely painful, disfiguring lesions all over his body, a consequence of the fatal NHL induced by Roundup,” the brief states. “In light of the high reprehensibility of Monsanto’s behavior, the deathly harm to Johnson, and the high net worth of Monsanto, the punitive damages award of $250 million dollars awarded by the jury comports with due process and should be upheld.”
( MONSANTO’S DECEIVING SPIN ON THE TRUTH WILL NEVER SUCCEED. )
Monsanto’s brief contradicts the Johnson position on every point and states that there is no legal reason to reinstate the $250 million punitive damage award. The company asserts that because the EPA and other international regulators back the safety of its herbicides, the courts should do the same.
“Monsanto had no duty to warn of a risk that, far from being a prevailing scientific view, worldwide regulators agree does not exist,” the Monsanto brief states. “Reinstatement of the $250 million punitive damage verdict would result in the largest judicially approved award of punitive damages in California history, in a case with exceedingly “thin” evidence of malice or oppression. There is no basis for an award of punitive damages in this case, much less the $250 million awarded by the jury.”
Johnson has additionally failed to establish that Roundup “actually caused his cancer,” according to Monsanto. “Even if Plaintiff introduced some evidence to support a failure-to-warn claim, the worldwide regulatory consensus that glyphosate is not carcinogenic establishes the utter lack of clear and convincing evidence that Monsanto acted with malice,” the company’s brief states.
“The jury’s unusually large compensatory award is just as flawed. It is based on a straightforward legal error—that a plaintiff can recover pain-and-suffering damages for decades beyond his life expectancy—that was induced by counsel’s flagrant attempts to inflame the jury.
“In short, virtually everything in this trial went wrong,” the Monsanto brief states. “Plaintiff is entitled to sympathy, but not to a verdict that ignores sound science, distorts the facts, and subverts controlling law.”
End quote.
YANGLIN IS GLOBAL ALREADY! GO YANGLIN GO WORLDWIDE!!!
http://yanglinsoybean.com/
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https://usrtk.org/monsanto-roundup-trial-tracker-index/
MBA CEO Shulin Liu ONLY Earns $76K/Yearly.
As of 2012, per last Yanglin 10K.
Maybe $100K by now, & maybe not; due to downturn.
AVERAGE USA CEO PAY IN AMERICA IS $14.5+ MILLION DOLLARS IN 2018; MUCH MORE IN 2019!!!
Here’s why we’re very lucky!
Dr. Robert Reich: The 5-Step CEO Pay Scam:
Another scam tactic we with China Yanglin Soybean Group don’t suffer from, but all in the USA certainly do!
Dr. Robert Reich: How USA corporate welfare HURTS YOU:
Dr. Robert Reich: Is America Becoming A Third World Country? ((( YOU BETCHA IT IS!!!!!!!!! )))
Long Value investments in China do take some time, but QUICKER USA STOCK LOSSES ARE A LOT WORSE! Corruption has proven much worse in America, compared to China due to their very strict laws & severe punishments. With China’s 68 ways to get the death penalty, it’s easy to see in any news coverage. Anyone who reads the SEC. FBI, or any state’s Attorney General’s enforcement web sites can prove it to themselves very easily; as it’s so overwhelming in cases being prosecuted & convicted including police.
We do have many advantages coming our way, & already safeguarded in place with Yanglin Soybean Group.
There definitely IS a HUUUUGE positive optimistically realistic Yanglin Soybean Group perspective!
GO YANGLIN GO BABY GO!
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YANGLIN SOYBEAN Established 24 Years Ago In 1996!
Per last 10K:
“On October 3, 2007, the Company executed a reverse-merger with Faith Winner Investments Limited (“Faith Winner (BVI)”) by an exchange of shares whereby the Company issued 18,500,000 common shares at $0.001 par value in exchange for all Faith Winner (BVI) shares.”
The loan of $17 million to Yanglin is considered to be an investment in Yanglin by the Company through a series of contractual arrangements by way of the Loan. As a result of entering into the above mentioned agreements, WFOE is deemed to control Yanglin as a Variable Interest Entity as required by Accounting Standards Codification (“ASC”) 810 (revised December 2003) Consolidation of Variable Interest Entities. The reverse-merger also included an equity financing of $21,500,000 by the issuance of 9,999,999 shares of Series A Convertible Preferred Stock at $2.15 per share to 10 accredited investors. End quote.
Website updated 2013:
“Heilongjiang Yanglin Oil & Fat Group is a private technology enterprise group company. It was established in 1996 and is headquartered in Jixian County, the “Hometown of Soybean Oil in China”.
The Group is mainly engaged in the deep processing of non-GM soybeans and is involved in the fields of grain and oil distribution, rice processing, agricultural research, livestock and poultry breeding, hotel services, tourism and holiday, and logistics. Now has 10 branches and 1128 (RECENT DATA SEEN 2K+) employees. There are 5 soybean processing production lines (Yanglin Oil First Factory, Second Factory, Third Factory, Sun Wuliankai Company, Qing'an Yangda Company), processing capacity is 1.8 (RECENT DATA SEEN OF 2M+ TONS) million tons of soybeans per year; one international first-class refined rice production line, annual processing rice 40,000 tons, the main products are selected soybeans, refined rice, soybean oil, pressed oil, quaternary oil, low temperature soybean meal, high temperature mash, microencapsulated powder oil, concentrated protein, concentrated phospholipid, defatted soy flour. The products are sold domestically to the Northeast, North China, South China, Southwest China, etc. Some products are exported to Japan, South Korea, Russia, Indonesia and other (RECENT DATA SEEN MORE) places.
“Yanglin Brand” soybean series products have been rated as China **** products, and “Yanglin” brand products have passed the China Green Food Development Center certification, organic food certification and non-GMO certification. And since 2002, it has won the China Green Food Expo Best-selling Product Award. The registered trademark of “Yanglin” was recognized as a famous trademark. Corporate Bank credit rating AA, ** **** contract and credit enterprise, has passed ISO9001: 2000 quality management system certification and ISO22000: 2005 food safety management system certification, with the import and export qualifications.
Over the years, the Group has actively participated in the comprehensive development and utilization of non-GMO soybean resources in China according to the relevant provisions of the national agricultural industrial policy, giving full play to the advantages of technology and resources, and has successively built a comprehensive deep processing project for soybean special protein and powder oil, non-GM crude oil project, and alcohol. The French Concentrated Protein Project has developed high-end products such as powdered fats, functional health oils, concentrated phospholipids, and concentrated protein. It has formed a new pattern of diversified development with soybean processing as the leader. ( YANGLIN HARBIN STORE HAS SURPRISINGLY HIGH VOLUMES)
The rapid development of Yanglin has received the attention and affirmation of leaders at the national, provincial and municipal levels, and has given a high evaluation. It has been awarded the honorary title of “Focus Industrialization ** Key Leading Enterprise”, “National Agricultural Industrialization **** Leading Enterprise”, “High-tech Enterprise” and “Private Technology Enterprise”. End quote.
http://yanglinsoybean.com/introdiction.asp?menu=37&bclass=%B9%AB%CB%BE%BC%F2%BD%E9
multi-million dollar sophisticated multi-layered WEBSITE: ( last updated 2013 )
http://yanglinsoybean.com/
GO YANGLIN GOGOGO!!!
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Buy American? $345B Market Cap JNJ causes CANCER!
SEE JNJ ACTIVE FEDERAL PROSECUTIONS & LAWSUITS GALORE BUSINESS-WIRE LINK BELOW.
Tens of thousands of JNJ lawsuits & MULTI-BILLIONS of dollars in CANCER lawsuit court penalty awards already & growing fast in number.
Another greedy immoral blue-chip behemoth corporate entity that cares less about gaining billions off the dollars in profits over suffering victims horrific agony of cancer.
( THIS SHOCKING CORPORATE CAUSED CANCER AGONY IS THE NORM NOW. )
MOST ALL OVERSIGHT AGENCIES RESTAFFED WITH FORMER LOBBYIST POLITICAL APPOINTEES!
YOU MUST LOOK OUT FOR YOURSELF!!
Scientifically research it all by yourself now & start by protecting yourself with NON-GMO & Organic foods.
NO REAL SAFETY & HEALTH AGENCIES ANYMORE IN USA!!!
In China, ONLY pigs, fish & fowl get to eat toxic poisonous GLYPHOSATE GMO’s; UNLIKE THE USA!
In the USA, we all eat toxic poisonous GMO’s; to our cancerous risking detriment!
Support Yanglin Soybean Group’s NON-GMO & ORGANIC HEALTHY WHOLESOME FOODS that will literally save your life!
yanglinsoybean.com/
Many sages suggesting China micro-caps will rebound within next 2 years; after the circus leaves town.
GO YANGLIN GOGOGO!!!
>>>>>>>>>>>>>>>>>>>>>>>
https://www.businesswire.com/news/home/20190816005457/en/JOHNSON-JOHNSON-INVESTIGATION-UPDATE-Louisiana-Attorney-General
QUOTE:
“JOHNSON & JOHNSON INVESTIGATION UPDATE by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Johnson & Johnson - JNJ
August 16, 2019 10:50 PM Eastern Daylight Time
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Johnson & Johnson (“J&J”) (NYSE: JNJ).
The Company has been embroiled in significant litigation by over 11,000 consumers claiming that its iconic talc powder products contained asbestos that caused cancer. Some cases have resulted in massive verdicts against J&J including a $117 million award by one New Jersey jury in April 2018 and a $4.7 billion award in Missouri to 22 plaintiffs in July 2018. On July 12, 2019, news sources reported that the Company was under investigation by the U.S. Justice Department regarding whether it lied about the possible cancer risks from its talcum powder.
Recently, on July 29, 2019, the Company disclosed that it had received a civil investigative demand from the Federal Trade Commission relating to possible antitrust law violations by the Company in marketing its blockbuster rheumatoid arthritis drug, Remicade.
The Company has been exposed to significant financial losses as well as a securities class action lawsuit for failing to disclose material information to investors, violating federal securities laws, which is ongoing.
KSF’s investigation is focusing on whether J&J’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of J&J shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-jnj/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.”
End quote.
BULLISH ON CHINA! ‘GREATEST ECONOMY OF 21ST CENTURY’
Who says?
RAYMOND DALIO:
https://en.wikipedia.org/wiki/Ray_Dalio
THIS IS SOLID GOLD VIDEO!
https://www.cbsnews.com/video/ray-dalio-capitalism-needs-reform-wealth-inequality-is-a-national-emergency-60-minutes-2019-07-28/#pageViewGuid=79c9e263-d1df-4638-ab51-925b6a50997d
NON-GMO & ORGANIC CONGLOMERATE YANGLIN SOYBEAN GROUP WILL BLOSSOM & BOOM!!
GLOBALLY WORLDWIDE BABY!!!
GO YANGLIN GOGOGO!!!!!!!!!
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“By Warren E. Buffett Oct. 16, 2008 Omaha”:
“THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
So ... I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.
Why?
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month ? or a year ? from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.
A little history here: During the Depression, the Dow hit its low, 41, on July 8, 1932. Economic conditions, though, kept deteriorating until Franklin D. Roosevelt took office in March 1933. By that time, the market had already advanced 30 percent. Or think back to the early days of World War II, when things were going badly for the United States in Europe and the Pacific. The market hit bottom in April 1942, well before Allied fortunes turned. Again, in the early 1980s, the time to buy stocks was when inflation raged and the economy was in the tank. In short, bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price.
Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
You might think it would have been impossible for an investor to lose money during a century marked by such an extraordinary gain. But some investors did. The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy.
Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.
Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”
I don’t like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term. Nevertheless, I’ll follow the lead of a restaurant that opened in an empty bank building and then advertised: “Put your mouth where your money was.” Today my money and my mouth both say equities.”
END QUOTE.
—Warren E. Buffett is the chief executive of Berkshire Hathaway, a diversified holding company.
IMHO, BUY GLOBALLY WORLDWIDE!
10 years of ‘Blue Chip’ CAT earned us just DOUBLE OUR INVESTMENT.
10 years of YSYB may earn us 10,000%!
$10,000. X 10,000% = ONE MILLION DOLLARS!!!
Our 5% YSYB investment is ONLY about $20K+ or so from memory.
( We have over $1M invested ‘LONG VALUE’ in China alone. ~ One million dollars is poverty these days ! )
GO YANGLIN BRAND GOGOGO!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
RULE 501-D: Accredited Investors
“To the extent the price of our common stock remains below $5.00 per share or we have net tangible assets of $2,000,000 or less, our common shares will be subject to certain “penny stock” rules promulgated by the SEC. Those rules impose certain sales practice requirements on brokers who sell penny stock to persons other than established customers and accredited investors (generally institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000). For transactions covered by the penny stock rules, the broker must make a special suitability determination for the purchaser and receive the purchaser’s written consent to the transaction prior to the sale. Furthermore, the penny stock rules generally require, among other things, that brokers engaged in secondary trading of penny stocks provide customers with written disclosure documents, monthly statements of the market value of penny stocks, disclosure of the bid and asked prices, disclosure of the compensation to the brokerage firm, and disclosure of the sales person working for the brokerage firm. These rules and regulations adversely affect the ability of brokers to sell our common shares and limit the liquidity of our securities.” End quote. YSYB 10K page 30.
August 21, 2015, ~ updated 2018 Motley Fool:
https://www.fool.com/investing/general/2015/08/21/does-qualifying-as-an-accredited-investor-even-mat.aspx
“Definition of an accredited investor
To be considered an accredited investor according to the SEC, at least one of the following conditions must apply to you:
* You must have earned an individual income of more than $200,000 per year, or a joint income of $300,000, in each of the past two years and expect to reasonably maintain the same level of income.
* You must have a net worth exceeding $1 million, either individually or jointly with a spouse. This figure excludes the equity in your primary residence.
* You must be a general partner, executive officer, director, or a related combination thereof for the issuer of a security being offered.
Why being an accredited investor is significant:
The appeal of being an accredited investor is that it opens up new opportunities to invest in asset classes such as hedge funds, venture capital, and the like.
According to the SEC, being accredited shows that an investor is sophisticated and has sufficient funds so as not to need the same protections as an unsophisticated investor.
But don't worry if you consider yourself sophisticated financially just not rich. All is not lost.
For most people, becoming an accredited investor is irrelevant
For the overwhelmingly vast majority of people, there's no real benefit to being considered accredited.“
End quote. Motley Fool ~ 2018.
GO YANGLIN!
MOST HERE HAVEN’T INVESTED IN YSYB EVEN 10 YEARS YET!
YSYB IS A ‘LONG VALUE’ STOCK.
YSYB IS NOT A TECHNICAL CHART DAY-TRADERS STOCK FOR FLIPPING SPREADS.
Of course you knew that up front.
WITH ALL HONEST TRUTHFUL SINCERITY, OUR OWN EXPERIENCE IS ‘LONG VALUE’ DOES WORK!
YOU WILL INDEED PROFIT COMPOUNDING MULTIPLES!!
Hang in there ~ Recovery Of Markets always surprises most!!!
CEO MBA SHULIN LIU IS A SURE BET!!!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I appreciate your high level of confidence.
Pesticides=TOXIC@PPMillion. PFAS=TOXIC@PPTRILLION!
Quote:
“Is your takeout lunch bowl covered in toxic 'forever chemicals'?”
“Compostable bowls are considered eco-friendly, but they are covered in chemicals that persist indefinitely and are linked to troubling health effects.”
https://www.theguardian.com/commentisfree/2019/aug/16/is-your-takeout-lunch-bowl-covered-in-toxic-forever-chemicals?CMP=Share_iOSApp_Other
“The most concerning varieties of PFAS – PFOS and PFOA, which have been linked to a broad range of serious health effects – have been banned or phased out by industry. But the newer varieties approved for use in food packaging by the FDA have risks of their own, concerns summarized by German government scientists in the peer-reviewed journal Environmental Sciences Europe. First, they’re just as persistent as the older varieties, remaining in the environment for unknown periods of time. They also take days or months for humans to excrete, meaning they accumulate quickly in our bodies. While the scientists write that these compounds carry a “risk of adverse effects on humans and the environment, which will rise with increasing exposure”, we do not yet know what those effects may be. Unlike PFOS and PFOA, which have been extensively evaluated, many of the newer varieties of PFAS have simply not been studied for potential health impacts.”
End quote ~ ( Partial content. )
Bon Appétit toxic poisonous chemicals?
SUPPORT NON-GMO & ORGANIC YANGLIN SOYBEAN GROUP!
yanglinsoybean.com/
————————————————————————
“Plastic wrapped in plastic: the wasteful reality of America's grocery stores.”
https://www.theguardian.com/us-news/2019/jun/19/plastic-wrapped-in-plastic-the-wasteful-reality-of-americas-grocery-stores?CMP=Share_iOSApp_Other
‘Long Value’ PATIENT Investors Are SELF-WILLED.
“People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game.” — Peter Lynch
“Cease negative mental chattering. —If you think a thing is impossible, you’ll make it impossible. Pessimism blunts the tools you need to succeed.” —Bruce Lee ( Complete determination without xenophobia. )
“It takes remarkable patience to hold on to a stock in a company that excites you, but which everybody else seems to ignore. You begin to think everybody else is right and you are wrong. But where the fundamentals are promising, patience is often rewarded—Lukens stock went up sixfold in the fifteenth year, American Greetings was a sixbagger in six years, Angelica a sevenbagger in four, Brunswick a sixbagger in five, and SmithKline a threebagger in two.” Peter Lynch, One Up On Wall Street
“The world is full of foolish gamblers and they will not do as well as the patient investors.” Charlie Munger
"Patience can produce uncommon profits." Philip L Carret
“The typical big winner in the Lynch portfolio generally takes three to ten years or more to play out.” — Peter Lynch ( IMHO: THAT WAS QUOTED IN 1989. IT’S NOW 30 YEARS LATER.
DOUBLE THAT PATIENT WAITING TIME IN 2019.
CONSIDER ‘LONG VALUE’ TO BE SIX TO TWENTY YEARS POSSIBLY. )
“Patience is essential.” Howard Marks
"It is possible to make money— and a great deal of money—in the stock market. But it can't be done overnight or by haphazard buying and selling. The big profits go to the intelligent, careful and patient investor, not to the reckless and overeager speculator." J Paul Getty
"I think the record shows the advantage of a peculiar mind-set - not seeking action for its own sake, but instead combining extreme patience with extreme decisiveness" Charlie Munger
“This company looks cheap, that company looks cheap, but the overall economy could completely screw it up. The key is to wait. Sometimes the hardest thing to do is to do nothing.” David Tepper
“Most people are too fretful, they worry too much. Success means being very patient, but aggressive when it’s time.” Charlie Munger
"I consider patience to be the most important ingredient for success in the market." Francois Rochon
“People always want investments to go up like a line.…That’s just not reality. You make 80% of your money in 20% of the time in investing and you have to be patient.” Jeffery Gundlach
"[There] is the need for patience if big profits are to be made from investment. Put another way, it is often easier to tell what will happen to the price of a stock than how much time will elapse before it happens." Phil Fisher
“One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do” James Rogers
“Patience, patience and more patience. Ben Graham said it, but it is true of all investment disciplines, not only value investing, although it is indispensable to that.” Peter Cundill
“Inaction and patience are almost always the wisest options for investors in the stock market.” Guy Spier
“Throughout all my years of investing I've found that the big money was never made in the buying or the selling. The big money was made in the waiting.” Jessie Livermore
“There aren’t always great things to do, and sometimes we maximize our contribution by being discerning and relatively inactive. Patient opportunism – waiting for bargains – is often your best strategy.” Howard Marks
"Having deep conviction in what you own is the best bulwark against impatience upending investment returns." Jake Rosser
"I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up." James Rogers
"You have to be willing to hang in when prevailing wisdom says you're wrong." John Neff
“You don’t have to be fully invested all the time. Have patience, keep your standards.” Irving Kahn
“We don’t get paid for activity, just for being right. As to how long we’ll wait, we’ll wait indefinitely.” Warren Buffett
“I like to be very patient and then when I see something, go a little bit crazy.” Stanley Druckenmiller
“In our style of doing things, patience is patience is patience” Peter Cundill
“When there’s nothing particularly clever to do, the potential pitfall lies in insisting on being clever” Howard Marks.
"Happiness ensues when it is not pursued - investing is the same thing. Success occurs when you are willing to wait for opportunities” Mark Kingdon
“Investors need discipline to avoid the many unattractive pitches that are thrown, patience to wait for the right pitch, and judgement to know when it is time to swing” Seth Klarman
"The big money is not in the buying and selling … but in the waiting" Charlie Munger
“The stock market is like the weather in that if you don’t like the current conditions all you have to do is wait awhile” Lou Simpson
“The single most important skill for being a good investor is to be very content with not doing anything for extended periods and that’s perfectly fine” Mohnish Pabrai
“Our success rests on having the discipline to wait patiently for opportunities to present themselves and then having the courage to run towards them when everyone else is running away” Steve Leonard
"Some would say that this patience is part of our strategy, but I would say it's more part of our DNA. I like to say 'If there's nothing to do, do nothing'." Jim Tisch
“We don’t have to swing at everything” Mario Gabelli
“The trick in investing it just to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot. And if people are yelling 'swing you bum', ignore them. There is a temptation for people to act far to frequently in stocks just because they are liquid” Warren Buffett
"Be patient. Watched stock never boils" Peter Lynch
“You have to have patience in any business, and I think ours is no different” Andreas Halvorsen
"Legendary investor Peter Lynch always emphasized the importance of being patient: 'Frequently, years of patience are rewarded in a single year'." Francois Rochon
"Some great investment success once said, 'You make your money by the waiting.' Now that doesn’t mean sitting around for the next depression, you can’t do that, but a fair amount of patience is required in some of these good investment records. Patience followed by pretty aggressive conduct when the time comes. " Charlie Munger
"Sitting still is the hardest thing to do. As Pascal wrote 'The hardest thing for a man to do is sit quietly in a room'" Mark Kingdon
“Money managers running all types of strategies need good action plans for periods when the opportunity set is fallow. They must resist the allure of stretching parameters and rationalizing why merely good positions are okay to establish in the absence of very good or great positions” Paul Singer
"The beauty in this business is that there are just hordes of future opportunities waiting and some of them may be huge if you're patient. And I think Ben Franklin summed it up well: 'He who has patience can have what he will'." Frank Martin
"Have patience. Stocks don't go up immediately" Walter Schloss
“Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculator was selling” Benjamin Graham & David Dodd
"Being patient is at the cornerstone of everything we do" John Rogers
"We do a lot of thinking and not a lot of acting. A lot of investors do a lot of acting, and not a lot of thinking" Lou Simpson
"Investors who aspire to long term success cannot afford the luxury of impatience [though they usually think the opposite is true]" Frank Martin
"Value investing requires deep reservoirs of patience and discipline" Seth Klarman
"We have a culture of patience. Even though we work hard every day trying to uncover the next great investment, we only deploy our capital when we have real conviction that we have found one. When we don’t find interesting ideas, we do nothing and hold cash. For this reason, I’ve often joked that I’m 97% unproductive. While this means I better be damn productive the other 3% of the time, it also means exercising patience often and waiting for great opportunities." Brian Spector
“The stock market is designed to transfer money from the active to the patient.” Warren Buffett
"Patience, a long-term focus, and avoiding the fads are key for successful investing" Steve Romick
"My mantra has always been like that of Milwaukee Braves pitcher Lew Burdette, who once said 'I earn my living from the hungriness of the hitters.' I earn my living from the hungriness of investors, from their decisiveness, their forcefulness, from their great urge for immediacy" Mark Spitznagel
"Phil Carret is about 96 and has been investing for over 70 years. He has done very well but he is patient. I'm not as patient as he is but I'd like to last as long." Walter Schloss
“Patience is one of the most important virtues for making any value investment.” Jim Tisch
"If you've done the numbers and are satisfied with them and the principle is right, you just have to grit your teeth and be patient" Peter Cundill
"We think one of our advantages is the ability to be more patient than others, especially as investment time horizons appear to be getting shorter" David Einhorn
"The key rules are don’t swing the bat unless it’s a slow pitch right down the middle of the plate, and don’t be bullied by the market into doing something irrational, whether buying or selling. This may sound obvious or clichéd to some, and perhaps confusingly ironic to others, but the ability to sit and do nothing may be the most rare and valuable investing skill of all. Inevitably, extreme price dislocations occur that create real opportunities for action, and only the patient and prepared investor can recognize such ideal situations and take full advantage." Chris Mittleman
"Patience, steady emotions, and common sense all are important when investing in common stocks" Ed Wachenheim
“In essence, healthy investor behaviour means being disciplined, patient and unemotional” Chris Davis
"What you are trying to do is find specific investments that you think over time are going to work out when someone’s gotta sell. There is always a problem. All you gotta do is wait and take your time and there is always somebody who has made a mistake or a company is over-levered and really what we try to do is wait for those moments in time when we can invest" Marc Lasry
"In my free time, I listen to some old Wall-Street Week TV shows (I keep quite an extensive personal archive). In 1996, Louis Rukeyser interviewed the legendary Philip Carret and asked him what was the most important lesson of his 75 years of experience. Carret answered just one word: “Patience”. Francois Rochon
"Our stay-put behaviour reflects our view that the stock market serves as a relocation centre at which money is moved from the active to the patient" Warren Buffett
"I prefer the laissez-faire approach to investing that waits for simple ideas, and eschew chasing down complex opportunities that exert pressure to take action." Allan Mecham
"Patience is one of the most critical attributes for a long-term investor because you can be right and the market may tell you that you’re wrong, and it may tell you so for an extended period of time. It may reach the point where your sanity begins to be questioned by clients and even your colleagues. I’ve been in situations like that. There were many times where I’ve been involved in an investment, where it looks like it might not work out, and it ultimately did work out, and worked out wonderfully" Chris Mittleman
"Charlie Munger says: 'you don’t make money when you buy a stock, you don’t make money when you sell a stock, you make money by being patient and you make money by waiting'. Waiting for the right pitch, and then waiting for that pitch to kind of mature and develop. The single most important skill set that you can bring to value investing is patience. You have to have a temperament where you're very happy watching paint dry. I would say that is the most difficult thing for investors and you can trade lot of IQ points for patience. You don’t need a lot of IQ points but you need a lot of patience. That’s the piece that usually gets missed." Mohnish Pabrai
"Our aim is to keep portfolio management grounded in a mentality of long-term business ownership. We've tried to stack the odds, via our policies and procedures, to promote a business minded approach - not a fund manager approach - that allows the four most important investment principles to flourish: patience and discipline, and more patience and discipline. Our reasoning is simple; It's easy to do dumb things in investing." Allan Mecham
"It's one thing to be patient and understanding, but that shouldn't come at the expense of intellectual honesty." William Martin
"We're like a basketball team playing without a shot-clock, patiently waiting for lay-ups and slam dunks, while the opposition operates within the confines of a 24-second shot-clock forced to take a raft of unbridled shots" Allan Mecham
"The biggest challenge for investors is patience and that is in short supply. You used to get a quarterly statement and often throw it in the garbage; now you can check your stock price 30 times a minute. There’s a lot more data, a lot more ability to crunch numbers and compare people. That works against investors, and patience continues to be the hardest challenge. It always was, but now it is even worse." Joel Greenblatt
"Value investors take great pride in their patience, but for patience to be a good thing, your thesis has to be right. At some point you may have to recognize when new information presents enough of a challenge to your thesis that you should revisit whether or not this is an investment you would make today. That’s the process we go through when fundamentals are negatively deviating from our thesis." Bill Nygren
"My only competitive advantage is patience and slightly superior analytics on the same information that everyone else receives. So far that’s worked out fine and we think it will work out in the future as well." Mohnish Pabrai
"Good investing is a matter of waiting to see the opening and then moving with strength. Lao Tsu wrote, 'He who knows how to be aggressive, and yet remains patient, becomes a receptacle for all of Nature's lessons'." Bennett Goodspeed
"If we were private business owners/investors, long spans of inactivity would raise no eyebrows. No reasonable person would expect a farmer to sell his farm in order to buy a different farm every decade, let alone every year or several times a year. As public -market investors, however, this 'sitting on our hands' behaviour is unusual" Clifford Sosin
"We agree with Warren Buffet’s observation that the stock market is designed to transfer money from the active to the patient. By only swinging at fat pitches and avoiding curveballs thrown far outside the strike zone, we attempt to compound your capital at an above average rate while incurring a below average level risk. In investing, patience often means the accumulation of large cash balances as we wait to purchase 'compounding machines' at valuations that provide a margin of safety.” Chuck Akre
"The salient skill for an investor to master is being able to sit still, without tiring of sitting still, while recognising the constant tug of an overconfident psyche." Allan Mechum
“The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.” — Peter Lynch
“THE PRIMARY ‘REALITY’ IS NOT WHAT I THINK, BUT THAT I LIVE, FOR THOSE ALSO LIVE WHO DO NOT THINK.” —Bruce Lee ( meaning the actual conduct & behavior demonstrated: walk the talk—for real. )
YSYB IS A HIGHLY PROBABLE POTENTIAL COMPOUNDING MACHINE.
Yanglin Soybean Group will perform majestically over time & sooner than you realize.
How will it soar if it is delisted?
10 Cent Q2 Revs UP 21%! CHINA! CHINA!! CHINA!!!
BUY ( PRC ) PEOPLE’S Republic Of China.
In terms of purchasing power parity, ( PPP GDP ) China’s economy has been THEE LARGEST IN THE WORLD SINCE 2014, according to the World Bank.
China is 2nd WORLDWIDE in terms of nominal GDP with about $13.5 TRILLION ( 90 Trillion Yuan ).
China has been the #1 manufacturer since 2010, after overtaking the U.S., which had been #1 for the previous 100 years.
China is in 2nd place in regard to 338 Billionaires, & 3.5 MILLION MILLIONAIRES!
China brought more people out of extreme poverty than any other country in history.
GO YANGLIN GOGOGOGOGO!!!!!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
18,400+ CANCER Plaintiffs Lawsuits SUING MONSANTO!
OVER 5,000+ NEW SUFFERING CANCER LAWSUIT PLAINTIFFS ADDED IN LAST ( 4 ) MONTHS!!!!!!!!!
MONSANTO CAN EXPECT THOUSANDS MORE SUFFERING CANCER PLAINTIFFS LAWSUITS TOO!!!
MONSANTO CARES NOT.
THEIR SOLE STRATEGY IS DENY, DEFEND, & DELAY... — TO CONTINUE PROFITING ON VICTIMS.
Conglomerate Yanglin Soybean Group will soon soar!
> >> GO NON-GMO & ORGANIC YANGLIN!!! >>> >>>>
did you check out the links??? Garbage digester would solve many problems- INCLUDING the plastic problem.
the previous post was NOT a misprint-- over 11 million visitors.
here is the solid waste system in action.
here is a solution-- yet others will not install this system:
PLEASE SHARE:
http://www.tnledger.com/Knoxville/editorial/ArticleEmail.aspx?id=107479&print=1
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NO. 99 FANRONG STREET, JIXIAN COUNTY
SHUANG YA SHAN CITY
HEILONGJIANG PROVINCE
People's Republic of China, 155900
(Address of Principal Executive Offices)
86-469-4693000
(Registrant's Telephone Number, Including Area Code)
As of April 8, 2013, there are 24,586,049 shares of common stock, par value $0.001 per share, outstanding.
Shulin Liu, is founder, Chairman and Chief Executive Officer of Yanglin. Mr. Liu is involved in Yanglin's overall management and is responsible for establishing strategic directions. From 2002 to present, Mr. Liu has been the Chief Executive Officer, Chairman and Director of Yanglin when its name was changed. From 2001 to 2002, he jointly established Jixian County Golden Land Oil Company Limited (predecessor to Yanglin) with Ms. Huanqin Ding and Mr. Shulin Liu and had been the Chief Executive Officer, Chairman and a Director. From 1996-2000, he was manager of Jinxian County Longfu Food & Oil Trade Co. Ltd., Xiwang Feed Company, Jixian County Tianlin Food & Oil Co. Ltd in Jixian County. From 1992 to 1996, Mr. Liu was appointed General Manger of Jixian Construction Material Food and Oil Trading Company. Prior to that, from 1983-1992, Mr. Liu assumed the positions of supervisor at the Shuangyashan Jixian County Land Authority, supervisor of the Minerals Resources Management Station, and manager of Labor Service Company of Land Bureau of Jixian County. From 1980 to 1983, Mr. Liu worked as a government officer in Shuangyashan Jixian County, Fuli Town. Mr. Liu holds a Master degree in Enterprise Management from Heilongjiang University.
http://www.forbes.com/profile/shulin-liu/
Soybean Oil and Soybean Salad Oil
Soybean oil is obtained by the extraction of oil from soybean seeds. Soybean oil contains various vitamins, minerals and unsaturated fatty acids which are essential to the well-being of the human body. It is an important ingredient in products such as salad dressings, margarine, paint and medicines. The price, adaptability and performance of soybean oil make it appropriate for a broad range of food, chemical and medical manufacturing applications. Soybean oil refers to Grade IV oil, as compared to the more refined salad oil. Both oils are for human consumption.
Soybean Meal
Soybean meal is manufactured by grinding soybean flakes which remain after removal of most of the oil from soybeans by a solvent or mechanical extraction process. Soybean meal is an important raw material used in the animal feed and farming industry due to its high protein content and edible characteristics. Given the PRC's closer proximity to customers in Asia, there is a growing demand for PRC produced soybean meal from countries such as Korea and Japan. This in turn has led to an increase in demand for our soybean meal products.
Concentrated Soy protein
Soy protein, protein extracted from the soybean, has been used since 1959 in foods and for its functional properties. Concentrated soy protein, as one of the three kinds of proteins, contains 70% soy protein. It retains most of the fiber of the original soybean and is widely used as functional or nutritional ingredient in a wide variety of food products, mainly in baked foods, breakfast cereals, and in some meat products. Because soy protein concentrates are available in different forms and very digestible, they are well-suited for children, pregnant and lactating women, and the elderly. They are also used in pet foods, milk replacements for babies (human and livestock), and even used for some non-food applications. Recently, soy protein popularity has increased due to its use in health food products, and many countries allow health claims for foods that are rich in soy protein.
Yang Nan was appointed as the Chief Financial Officer of the Company by the Board of Directors of the Company effectively on December 26, 2011. Prior to his appointment as the Chief Financial Officer of the Company, served as an auditor at Baker Tilly, Beijing, China from October 2010 through October 2011, where he prepared audit papers, drafted and reviewed consolidated audit reports and notes and implemented and reviewed testing procedures relating to sales, procurement and production. From September 2009 through September 2010, Mr. Yang served as a Deputy Manager at LSC Business Consulting (Tianjin) Co., Ltd. From January 2008 through September 2008, Mr. Yang served as the Chief Accountant to Maxwell Alves Solicitors, London, United Kingdom. Mr. Yang received a Master of Science in International Accounting from the Anglia Ruskin University, UK in July 2009 and attended the London College of Accountancy from January 2004 through July 2007. Mr. Yang is a member of the Association of Chartered Certified Accountants.
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