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There were significant changes to the Assets held by Yasheng between 2014, 2015 and 2021. These changes reflected the swap of management rights to GAAT (original) with 30 year lease management rights to GY (new). In the 2015 10k, the swap was described as a 1 for 1 swap in value but there were significant reductions to asset value. The Co is still significantly undervalued relative to present Operating Income and Assets.
2014 (original)
$112M Receivables
$341M Inventory
$905M Property
$1,009M Intangible
$2.48B Total
2015 (Inventory/Property/Intangible drop)
$112M Receivables
$1.2M Inventory
$10M Property
$101M Intangible
$258M Total
Q1 2022 (Receivables/Inventory drop further, Property increases)
$0.4M Receivables
$0.9M Inventory
$133M Property
$128M Intangible
$267M Total
Not sure I agree trading at fair value.
Current valuation only recognizes earnings. There is no recognition for the $139M tangible, or $127M intangible assets.
Even discounted they are worth more than $0.
I would understand doubt if this company was scammy, but after reviewing their books they appear to be 100% legit. They are operating a well run, profitable business.
There are obvious issues with OTC reporting which are complicating matters on the Dividend and with FINRA. However, they are running their business well.
Q1 '22 FINS are the real deal! Even without the Plantations $HERB would be trading +$1.50, if it were a US Based OTC company. Totally undervalued IMO.
Legit business. No dilution.
$3.03M Q1 '22 Sales (up 18% YoY)
$0.97M Q1 '22 Profit (up 37% YoY)
$4.66M Cash (up $3.87M YoY)
$140M Tangible Assets (up $1.69M YoY)
Inventory down $2.3M YoY
Liabilities flat YoY and only make up 1% of Assets
Sales & Marketing only 4.4% of earnings
We all need to talk about this more. As bearish market pressures continue, the markets will respond to profitable, cash rich business. Unprofitable, debt heavy businesses will struggle or cease to exist.
Brian K. Kistler
President, Chief Executive Officer & Director, Dong Fang Hui Le, Inc.
Brian K. Kistler is a businessperson who founded Freedom Holdings, Inc. and Powder River Coal Corp. and who has been the head of 17 different companies. Currently, Mr. Kistler occupies the position of Chairman, President, Chief Executive Officer & CFO at Freedom Holdings, Inc., Chief Executive Officer & Director at King Resources, Inc., President, Chief Executive Officer & Director at VGTel, Inc., Chief Executive Officer & Director at Soellingen Advisory Group, Inc., President, Chief Executive Officer & Director at Dong Fang Hui Le, Inc., President for Success Holding Group Corp. USA, President at World Financial Holding Group, President at New Opportunity Business Solutions, Inc. and Director & Chief Compliance Officer at Resgreen Group International, Inc. Brian K. Kistler is also on the board of Renavotio, Inc. (former President, Secretary, Treasurer & Director) and UAV Corp. (former Director).
In his past career he occupied the position of Chairman, Chief Executive & Financial Officer at Powder River Coal Corp., Chairman, President & Chief Executive Officer for KMRB Acquisition Corp. II, President, CEO, CFO, Director & Secretary at Big Time Holdings, Inc., President, CEO, Secretary & Director at World Financial Holding Group, President for Success Holding Group International, Inc., Vice President at Clean Transportation Group, Inc., Manager of LPL Financial Holdings, Inc., Principal at Edward Jones Investments, Chairman & President at Aroga Holding Corp., Chief Executive Officer & Director at Advanced Environmental Petroleum Producers, Inc., Manager of Raymond James & Associates, Inc. and Principal at Hilliard Lyons Capital Management LLC.
https://www.wsj.com/market-data/quotes/DFHL/company-people/executive-profile/45203348
Could they be waiting for the May 15th record date to pass before creating the Preferred shares, so they know how many shares to create?
I acknowledge the record date has been moved many times which is obviously frustrating for long term holders.
I'm averaged in about the same as everyone else. The $0.15 bump was nice yesterday.
OTC is starving right now for solid companies - good balance sheet and profits. Alpha, Sharpe, Cooley and Currier have killed all the momentum with failed or stalled Custos.
Commodities are the theme and there is a solid catalyst with the upcoming dividend.
IMO there should be more buyers for this stock if more people knew about it.
Would like a small run personally. It would be great to get my initial investment out. Not sure what your average is, but I've been loading slowly since last Spring.
There is little to no awareness in Twitter or Stocktwits about this stock which may explain the low volume.
Questrade in Canada - Yes
Interactive Brokers - No
They have 3.7M cash on hand and there are government sponsored credits available for Energy projects. Mom also has a lot of money if needed.
Commodities all up and HERB unnoticed. Complexities aside, it is still a very profitable and growing business with legitimate farming of goods needed around the world.
Inflation will only drive profit up.
I honestly think they are focused on operations.
I know as shareholders we want to be the highest priority, but this is a time of high commodity pricing and demand. I selflessly want them maximize this opportunity to generate as much high margin revenue as possible.
It will continue to grow their cash position which will help us more in the long run.
More cash = higher dividend or new business or an acquisition.
Also interested to see how they handle the 2015 swap out. They were all intangible assets which makes me leary that the market will recognize full value.
In YaSheng Groups eyes, the swap of agricultural management rights for lease management rights was an equal trade, but it doesn't appear so on paper yet. Albeit there have been solid YoY improvements to profit and their Cash position.
A company of this size does not sit on $7M in cash for long. I am expecting some kind of news...
The way I see it, there will be very few sellers now that the stock is PINK Current, and buying will increase as new brokers open up.
Based on current financials this is a minimum $1.00 stock. It's obvious that there are current operations based on the MoM improvements to profit and MoM increases to their cash position. Add another $0.50 - $1.00 if their plans with Equity Art and $BTZI pan out.
There are no Prefs and no Notes to dilute the price down.
The ASK will slowly get chipped away until the stock reaches its target price.
The question is ... at what price point will you sell?
Questrade allows buying in Canada
Interesting info posted on Stocktwits. Looks like float may be locked and shorts are in trouble.
Anyone know if the dividend was ever paid out on DRNG?
$HERB made a little under $1M profit in Q3 '21, on over $3.6M sales. 25% margin is a decent margin.
Assets went up $3.78M largely due to improvements in their cash position. Inventory holdings continue to drop suggesting they are selling product.
These are all financial indicators of a healthy operation. An improving cash position means the company can start to think about reducing debt, or additional acquisitions-dividends. All of these will improve share value. There is low risk of an offering to raise cash and plenty of room in the SS making a RS a low risk as well.
Not sure what isn't to like....
Agreed that more investment should be put into China. There are many significant opportunities for traders.
Take a look at this morning for example...
$ITP just announced a fantastic quarter and shorts continue to hit the stock. It should be trading above $2, but is being held below $0.41. The hourly and 4 hour MACD are reversing and ready for a pop. Meanwhile, traders are chasing $PPSI off momentum with no other catalyst. Not sure I understand what drives this trading behavior.
There remains huge upside in $HERB.
I think HERB is very undervalued and there are many companies (chinese or other) that are very undervalued ($BXLC, $CCOM, $ITP, $DXF, $PLIN, $QCCO, $REPO, $SIAF, $SVIN, $SSTT, $TALN, $UAHC ....). I have positions in some of these. The market determines the price which is influenced by public opinions.
$HERB "has" an interesting business which is improving YoY, worthy of a +10X valuation increase based on their current operations and share price ... and much, much more if your interpretations are correct. Their financials continue to get stronger at a time when many business are struggling due to the pandemic.
The consolidation of Equity Art and dividend payout is interesting along with their relationship with $BTZI. I still don't fully understand why they moved to Colorado (could it be for their Hemp and CBD operation??). I also don't know if Rouge Mountain has any valuable assets in their 54 California land claims? The Betel Nut operation is a risk and the baby formula business didn't work out.
Going dark was a strike against them, but they fixed that. There are as many (if not more) dark North American companies which have not reported for 5+ years. $HERB was one of the many.
Maybe I'm missing something ....
They've added $6M in cash over the past 9 months; inventory costs have been cut in half suggesting they either sold it or wrote it off.
Their assets more or less haven't changed at +- $270M since 2014, since the swap out. Debt is up a bit.
Sales are steadily increasing YoY despite the pandemic and net income is improving. Their agricultural business seems to be doing well. I agree that there are portions of the US operations that have been failures and the betel nut business is a significant risk.
Financials are unaudited and could not be accurate, but how many OTC companies publish audited financials....
$HERB has a market cap is $20M which is lower than most custodians being traded on the promise of a RM. $HERB has hard assets, cash in the bank and solid sales that are less than 1/10th of their market cap.
$1B in assets, the spinoff and the dividend are solid additions to shareholder value. I agree 100% that shareholders should be fighting for this. I will be.
IMO Pink Current status may not change whether we receive full disclosure. There are many OTC companies that operate with a "beg forgiveness" approach.
I've spent many hours reviewing this company and it's subsidiaries. There are things that do and things that don't make sense. However, IMO this company is significantly undervalued based on it's current disclosed assets and earnings. The plantations, or value that Equity Art adds are icing on the cake if your interpretations are accurate.
I am looking forward to an exciting few weeks ahead.
BTW, the Ask was looking healthy today. Maybe that bidder at $0.07 will figure out they may not get their fill and may end up chasing if waiting too long to buy. It looks like the new floor has been set at $0.20.
Cheers.
Two updates to OTCMarkets made today.
Mei P. Wu, was removed from the President and Director position. A minor change was also made to the company description.
Looks like they are getting things ready for the next step.
I didn't comment on why the share price is what it is. My comment was solely highlighting that we don't know why $HERB is currently yield. We have ideas ... but only HERB and OTC Markets has the real answer.
Lots of companies still sitting in Yeild Status awaiting the painfully slow OTC approvals. I don't think it's fair to say the current status is $HERB's fault. We really won't know what's next until $HERB or OTC Markets informs shareholders.
Yes someone is chasing down the ask. Always bidding below the current bid.
You can buy on Questrade in Canada
Anyone notice the attorney letter. Current should be days away now.
The YoY financial performance looks like the business is healthy.
- assets up $10M since Dec 2020 due to property and intangibles
- 1h '21 sales up 26% YoY
- 1H '21 profit up 50% YoY due to lower COGS
- inventory down considerably (they are selling it).
No issues buying or selling on Questrade
$BRGO Market data is showing 1 stock transactions to bring down the PPS. Tell tale signs of shorting.
A company would not dilute 1 share :)
I'm not seeing dilution. Looks like low volume shorting.
$BRGO is on pace to report $5M Net Inc over a 12mth period.
$BRGO was trending to $2M Net Inc annually before the GearBubble acquisition. GearBubble adds $27M in annual revenue and assuming 20% profit adds $5M Net Inc. Say $BRGO reports 51% of GearBubbles earnings, they should be reporting in the range of a combined $5M Net Inc annually.
Typical valuation multipliers are in the range of 3x to 10x earnings putting $BRGO valuation in the range of $15M to $50M.
The current market cap is $2.1M .... there is +700% upside potential.
Do the math. Am I missing something?
Yup. There's more than just oil there.
I will be doing a much deeper dive on MDMP. I've had many discussions with Guy87.
I'll share findings with a few select people of interest.
You couldn't be more right.
$PURY SS update may be related to $GWSO 04-07-2021 filing (10-12G/A).
$GWSO may be using the PureRay HLE Grow Light.
Royal App Ltd, was also SuperUp. Links to a couple articles on the Shelfy.io application
https://ecommerce.cioreview.com/vendor/2019/superup
https://www.jpost.com/jpost-tech/israeli-innovators-transform-how-the-world-buys-and-sells-589264
Shelfy.io was presented at a NY, NY conference this past Jan 2020. Looks as if they secured A.S. Watson as a client.
Go to page 19.
https://www.export.gov.il/api/Media/Default/Files/Press/NRF_2020catalog.pdf
Here is a link to info on the Shelfy.io application bought by Metro One
$WOWI Posting a few links on the Royal App Ltd. service acquired by Metro One Telecommunications for $2.4M.
— Adrian (@AdrianVella11) March 31, 2021
Their lead product is https://t.co/oVhprIpfIv valued at $48M. Fantastic video available to view.https://t.co/NmkoZCXD8yhttps://t.co/2LlOh7yanhhttps://t.co/HpycqbhKB4
Here's a 1 page ENKS DD sheet for those that are interested.
https://twitter.com/AdrianVella11/status/1365028355754590212
Do you see that $0.97 bid... I'll keep buying if you want to keep selling.
I know what I own. Do the DD. Uncover the endless Jems that this company has to offer. They are not only financially successful, but also humanitarian.
Ask yourself, how long do you think their value will go unnoticed? Or did you not take the time to read their press releases.
https://www.otcmarkets.com/stock/ENKS/news
https://www.einpresswire.com/sources/u374895