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Yes I saw the CXDC proposal.
So, what you are saying is that they could pay us a $5 dividend - or buy us out with the same money?
Buy out a $15 stock for $5?
I still think a merger should give us the most bang for the bucks. Even if it may take a few months to get there from when they announce it.
RD, when have they last made (any significant) changes to their website, prior to this weekend?
I believe TDA Ameritrade do not accept clients from within the European Union. If you are from a European country outside the EU, it should be fine - like Norway. Isn't that right, snow?
And yes, Interactive Brokers is the option for Europeans from EU-countries who want to buy HERB.
Loss of 12.1 MUSD.
Maybe putting in a 0.05 bid is the easier option for lazy me
Absolutely agree with Dino on this one.
"...the Company expects to file the Report no later than May 14, 2020 (which is 45 days from the Report’s original filing deadline of March 30, 2020)"
I take 50 after 6 months.
Let's say they announce a merger. How long could it take from announcement till effective and done? And HERB shareholders can sell their shares on SSE?
A 3-5 dollar/share dividend coming our way would be nothing short of sensational.
If they have to get rid of us, then a dividend and a buyout is probably the way to do it.
A merger will not get rid of the minority shareholders.
It is a fantastic story you are telling, RD. If it comes true, you will be a hero - and famous.
How does this affect HERB?
So if the appraised value is $23.60/share, what valuation could the SSE then put on it, if they would manage to merge?
"Boring. Lift the bid to 0.02. Soon you won't be able to get it for 0.03, IMO."
I second that.
The probability that something good will come out of this sometime soon is close to zero if we ask Mr Market. The value of the company has been declining for 16 years now, with a few upturns here and there. The company has been silent for five years. We hear nothing, we see no indications that these immense values could ever materialize into shareholder value.
If they actually planned to do something, they could have done it a year ago or two years ago. Why would it take five years to do a buyout? And if they haven't done it in five years, they could wait another five years or even more.
Everything has changed because of corona? They need to get money out of the company now? If they wanted to pay a dividend, that is not an overly complicated measure and should not be a decision that takes months and months to make.
Broccoli sucks
I want to see a dividend AND a merger. The sister company Gansu Yasheng Industrial Group that is listed in Shanghai commands a p/e of 91.
Lengthy and complicated procedure? Well, they have been silent for five years now.
No, we don't know. We're kept in the dark. They might even have $7.
You have been saying that we should expect a buyout offer around $5/share - IF it comes. But considering that HERB should have $5 cash/share by now according to the 14C that was filed in December 2015, $5 seems low. How low could a buyout offer be and what determines what a fair offer would be?
A buyout offer for 5, 7 or 10 usd. Just think about it. 1.4 cents a share.
Aahh you're putting pressure on us...now I must add some too....
The traded volume in HERB seems to have picked up lately. Wonder why that is.
What would be the reasons for a company like HERB to stop filing? And is there a scenario where we could see them start filing again?
So what on earth was their reason to take him on board then?
It is very intriguing to consider what different directions this play may take. They seem to be piling up cash and all we get is total silence. By now the shareholders should be the owners of $5/HERB-share in cash. Looking at the valuation, Mr Market says we are screwed. On the other hand, now and again it is those people who dare to challenge Mr Market and prove him wrong who make the really juicy profits.
A 700MUSD dividend, like RD suggests, would mean $4.5/share - from a company that currently is trading under 2 cents a share. It just sounds too good to ever materialize.
But what are the worst case scenarios here? I suppose we are experiencing that now; nothing, silence, limbo. Will the minority shareholders be screwed? Did we throw our money away? Some say that the 83% ownership by the Gansu provincial government will ensure that the minority shareholders will not be defrauded. Ruerd Heeg also suggests "huge dividends from YaSheng Group in a few years" in his Seeking Alpha-article from 2016.
I don't even dare to think about what a dividend, whatever size it was, would do to the share price.
Will we get more exucuses and mumbo jumbo about unlocking value and another two, three, five years of waiting? Or will we actually get something of substance this time?
--
"It doesn't make sense.
- Not updating the website.
- No S-1 amendment
- No shareholder meeting
- Still not addressing the dilution.
They are not even spending money on press releases. All we get is these web posts. And nothing, not a word, from Fredly/Heng Ren.
Going dark aside, the lack of activity can only point to one thing. An acquisition or change in control."
Thanks for informing the market about this.
Since the company doesn't
--
"10-K: for Fiscal Year Ended 12/31/19 due Monday, March 30, 2020"
With $5,75 cash per share the previous offer is off the table. Not selling for less than $7 now. But we'd really need 10, at least.