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I have no idea where this investment is now.
Many of China’s wealthiest citizens have increasingly sought to emigrate from the country in recent months as the Chinese Communist Party (CCP) has instituted some of the world’s strictest lockdowns as part of its “Zero-COVID” policy.
Maybe we should be looking for a Vancouver based company
Looks like no second act for Management
What Board might have info on SPACs. I've looked and can't find one.
(My interest: I've stumbled into a couple SPACs and ended up more up than down. I was looking at unusual volume two days ago, and stumbled across another one (TSPQ) but am not finding info. If there is a general board for it on Investorshub I would appreciate a point in the right direction. Or anywhere else for that matter.
If this post is seen as inappropriate, I apologize.)
Don't look much here anymore.
Stopped looking when Shanghai got locked down. Don't know if it is/was a legit company but with Shanghai going back into lockddown etc, doubt we will find out anytime soon if at all.
But those poor folks sure aren't going to worry about the concerns of a US Penny Stock holder. So, HOMU goes back in the closet.
Good Luck
May lose money. But it wasn't a POS. It was company in an unstable Country and they obviously were not part of the side that won earlier this year.
I do hope they have a second act. We will see.
Wouldn't be the first; won't be the last.
Good luck to you
I bought some with that thought
Not good. But not as bad as I thought what may happen. I guess we will find out if they have good secondary contacts.
Plus side on the 25M: Activity
Down side: Going Backwards?
But can you imagine trying to do business in Shanghai, with the lockdown. And if Beijing goes dark? Can't think this is helping at all.
I'm here, whatever.
Good Luck.
I've been here coming on two years. So I was just joking around.
Nothing American Penny stock holders say or do will have any influence on this company. It they have it, we make money. If they don't, we don't.
In the mean time, "A little song, a little dance, a little seltzer down your pants."
It will be Premier Dog Shit
It will the best Dog Shit--- sorry, Dog Merde ever
It will be "HOUMU HOLDINGS DOG MERDE"!
Good for them and us.
Let's hope
If this SPAC actually works, I will have so much fun spending the $. LOL.
Send some meals on wheels to the CEO.
Those folks in Shanghai are suffering and we need him to keep his strength up
I have no idea where they are now with the regional mess and all
I'll give your opinion its due weight.
Just the Fact Jack
Unless Wei likes to waste his time and money.
Fun Fact. Homu Not Dead
The real reason Shanghai is locked down is to keep the Homu story under wraps.
LOL.
xmet. Yes, Comrade. That going up to $2 was fun.
Watching HOMU decline--- not so much.
But it looks like they are setting up for something.
Hope it is something good.
Good luck and keep battling
I've never known a company that isn't for the insiders.
Again there has to be something for them to be inside it.
A 70% of something is better than 100% of nothing
And if they did add, it is for something.
Sure haven't been dumping it on the market. LOL
It's ALIVE!
Thanks
Thanks
Well, that would a lot of alright.
Hope your right
By JOE McDONALD
Associated Press
Posted2/10/2022 7:00 AM
BEIJING -- A Chinese real estate developer that is struggling under $310 billion in debt is promising to deliver 600,000 apartments this year, a newspaper reported Thursday, in a show of confidence it can avert collapse and resume normal business.
Evergrande Group has left financial markets guessing at its status since the developer warned in December it might run out of cash. Its struggle to avoid default alarmed investors, but Chinese officials say any financial impact can be contained.
Xu Jiayin, the Evergrande founder, announced the plans to deliver apartments at a Feb. 6 meeting with employees, the Securities Times reported. It said the company aims for monthly sales of 10 billion yuan ($1.6 billion) to make sure construction can be completed.
The report suggested Evergrande aims to carry on normal business, contrary to expectations among investors the company might be broken up or shut down.
The target of 600,000 apartments is comparable to deliveries in one of Evergrande's busiest past years, the newspaper said.
Evergrande and some smaller developers are scrambling to comply with tighter limits on borrowing imposed in 2020 to rein in surging debt the ruling Communist Party worries is dangerously high.
Evergrande says it has 2.3 trillion yuan ($350 billion) in assets, but the company has struggled to turn that into cash to pay bondholders and other creditors.
Thanks
When (and if) is there mandatory paperwork to keep the shell functional? If you know.
I'm sticking around, as I've always believed you don't spend time and money the way this guy has for no reason. Just a long haul.
Let's hope that is followed by Metallica's Ecstasy of Gold
But this is taking quite a while
The Company is going to have to talk to us sometime.
Post 18159 on this Board.
If they had the generator going that could have save the equipment. After that ?
That Wire article is not fun to read
Am I reading this correctly, they have one site operational now?
Good for them.
$.04
Now we're cooking. Granted at 3000 on very low heat. LOL
An update should be interesting reading
I buy a penny stock with North American Holdings and end up learning the politics of Middle Asia.