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The real hongyuan holdings group, the logistics company that recently purchased a 49% stake in Air Begium Airlines.
I could be wrong, but I think this is the real deal. We'll find out soon enough when the 10q is filed.
The old, slightly embarrassing, website appears to have been taken down. Something could be cooking.
If confirmed that this is the right Hongyuan Holdings Group, the one that purchased half of Air Belgium recently, we could see some real accumulation.
Not just from penny flippers, but from value investors, institutions, and smart money.
Why would an imposter file quarterly reports?
You'd think criminal impersonators would steer clear of a regulatory agency such as the SEC.
If this is a fraud, it's an elaborate one, and an extremely risky one for the perpetrators involved.
A company called Hongyuan is definitely on an aquisition spree.
https://www.air-belgium.com/ab/hongyuan-plans-to-take-a-stake-in/
Hopefully, it's our hongyuan and not some other one.
If it does turn out to be ours, we may be on the ground floor.
It's been a long, bumpy, and painful ride; but God willing, hopefully it's almost over..
Hopefully soon, or at least this calender year.
You seem like a knowledgeable guy, based on your posts here. Any thoughts on the latest docket updates?
The docket says, "FINAL Application for Compensation (Fifth and Final) for Archer & Greiner, P.C., Trustee's Attorney, period: 3/1/2016 to 1/18/2022, fee: $223,229.00, expenses: $3,084.20. Filed by Archer & Greiner, P.C.. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Proposed Form of Order) (Carickhoff, David) (Entered: 01/20/2022)"
Does this mean the case is wrapping up, or is the word final just a confusing legal term?
Honest people don't create bogus entities that masquerade as legitimate ones to capitalize on their brand recognition.
So if Mr. Wang is as honest as you say; we should have nothing to worry about.
Hopefully, this Hongyuan is this Hongyuan.
https://www.aviacionline.com/2022/01/air-belgium-acquires-its-first-boeing-847-8f/
A lot of docket updates lately. I wonder what's up.
They aren't just handing over anything.
They'll use tactics like reverse splits or rumors of reverse splits to shake out the weak hands.
Case in point: earlier this year when they announced a r/s, caused a sell off, and then subsequently cancelled it.
Docket updated again, Peter Kent mentioned.
Seems the rusty gears of our legal system are still turning in this case, albeit slowly.
HongYuan seems to be a holdings company, not a pure logistics company; though their shipping and logistical subsidiaries appear to be their bread and butter.
What makes you think this isn't the airport logistics company?
It even says in the filing, "despite the challenges of cross border business".
Perhaps eventually, once all these legal shenanigans have run their course.
At least the docket was finally updated.
https://www.inforuptcy.com/browse-filings/delaware-bankruptcy-court/1:16-bk-10202/bankruptcy-case-liquid-holdings-group-inc
Reverse split?
A lower share count and higher per share value could make NASDAQ accreditation easier to achieve.
The reverse merger has already happened.
CERPQ became HGYN.
Uplisting required a one year waiting period, per law, which has nearly been completed.
Good things could happen in 2022, for both traders and longs.
Good chance they'll pump this into dollarland and then dillute to fund-in-part their acquisition add ventures.
We'll see their adverts at the upcoming Beijing Olympics, so I see them capitalizing on that exposure.
Is this Hong Yuan this Hong Yuan?
https://www.cargoforwarder.eu/2021/10/10/hongyuan-has-eventually-decided-on-brussels/
Or or it this one?
https://www.payloadasia.com/airports/hongyuan-group-sets-up-air-cargo-hub-at-brussels-airport/
Or could it possibly be this one?
https://www.transportjournal.com/en/home/news/artikeldetail/hongyuan-sees-brussels-as-gateway-to-europe.html
There can only be a sale of a debtors' non exempt property when there is a buyer, so what happens when there is no buyer?
Since this is on the grey market, any movement at all seems curious to me.
I wonder what's up.
The Beijing Olympics could be a catalyst for this ticker.
If you're looking for a reverse merger to invest in, consider HGYN.
It's already completed the lengthy process and is now pink current.
LIQDQ doesn't even have a custodian yet.
It's already dead and buried, we're just waiting for the estate (if any) to be sold off and divided.
I don't think volume is very meaningful when 50,000 shares can be had for a mere 100 bucks.
Just penny flippers making their lunch money.
Let's just hope a Chinese governmental entity or CCP leader takes no position in this company.
The last thing we want is for Marco Rubio and friends to place it on their congressional sheet list.
The bankruptcy will end eventually, even if there is no discharge.
As there is no legal obligation towards unsecured creditors, we may get nothing but a clean shell.
It's an investment choice because of its shell, and its potential for reverse merger.
Those are ghost posts that haven't been updated since bankrupcy. Any current activity is simply rigor mortis, nothing more.
Sell the "assets" for a dollar if you have to, just give us our clean shell!
I wonder if Muddy Waters have this on their radar.
Seems like trusty is his own accountant, and using his own LLC accounting firm(himself), and paying himself for his own accounting services out of the cash or insurance.
A nice and steady paycheck, more reason to keep this thing going.
Liquid's software was ahead of its time........by a year or two.
Now, after 6 years, it's passe.
I wonder what happens in a chapter 7 when assets can not be liquidated.
Praying for a custodianship may be our best bet at this point.
A potential custodian could bypass the trustee and, with court approval, take possession of LIQDQ and it's remaining cash and liquid assets.
My guesses are, the trustee is either milking this thru his crony acccounting firm, GM & Co., or he simply can't find a buyer for liquid's holdings.
Has anyone tried to contact the trustee?
On other bankrupt tickers I have owned, trustees were somehow reached for comment.
Hongyuan Holdings should have chosen HOYO as their ticker symbol, not HGYN. Oh well.
The shell has more potential value than the software at this point, maybe Lazar will come to the rescue.