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Im thinking of doing the same..... but still holding back just in case she dips friday....
Thats what Ive been told....I didnt realize the restrictions when I started ..... lesson learned.
I know...I'm pissed because my broker account wont let me buy VSTN....
Tell me about it...Im in 2 right now that dumped without reason..... Im watching for bottom here... This is unreal
True....I'm holding fast....its just a matter of time.....
Yeah...I'm going to sit back on this one awhile.... Until we hear this company is alive at least. GLTA
Very true.... Im learning.... With my job if it doesnt move use a BIG hammer or more glue and make it move !!! LOL
Thanks... Now why isnt the price back up between .80 and 1.20 ?
I see the price jumping to 40's without any trouble...when?
But could go over a dollar if they pump this with a good market campaign again.... Any opinions ?
whats the formula to figure a fair share price based on earnings? Divide o/s by earnings x 11 or 15 ? Still very much a Plumber :) LOL
I'm trying to figure some numbers of possible earnings in the next few years based on thier plans in the works....
So all that was from the 8K's filled....news releases..Corp..web site etc.... and the Aug. 10th Corporate update pretty much shows YASH and YHGG are very serious about being a HUGE trading company here and China and also Russia... The past 30 to 60 days PR has nothing but headlines showing the trail YASH has made in antisipation of this "Merge" What do you all make of this? And how will this work out..... YASH board will be replaced with Groups and BVI's?
Now that the 1st two Exchanges are all but final the next is to take YHGG into YASH right? Help me out here.. how will this play out??
After the share exchange agreement is completed between Yasheng BVI and YASH, YASH will consolidate YHGG's operation into its own. This has already been disclosed in YASH' recent news release. This is how Yasheng BVI benefits from the deal. YHGG will never become a reporting entity again. If it could, it would choose to be relisted itself without merging with another company (YASH). ????????????????????
See you at the bank :))Or the poor house ?
Yasheng BVI is the 48% shareholder (a majority shareholder) of YHGG. Yasheng BVI will become the majority shareholder of YASH after the share exchange agreement currently under process. The other 52% YHGG shareholders (minority shareholders) will not get any YASH shares.
1. What do you think about the share exchange agreement in terms of it only allows Yasheng BVI receiving YASH shares? Positive :) The reason is that YHGG is not a SEC reporting entity and YASH is a SEC reporting entity. It's obvious that only a SEC reporting entity who is current on all its filings will provide the best shareholder valuation in terms of stock price.
2. So basicly Yasheng BVI unilaterally entered into the share exchange agreement with YASH and YASH also has the Peoples Republic of China's Licence to sell...through Yasheng Logistics :))
Yasheng BVI Exchange... Yasheng BVI is a 48% shareholder of Yasheng Group (Parent company) With 48% BVI is then a majority holder of the parent company right?
2.The only thing I see not so good is Yash may have to issue more shares..or maybe not depending on how you read this....as long as BVI has 55 percent ??
On August 26, 2009, Yasheng Eco-Trade Corporation (the “Company”) entered into a Stock Exchange Agreement (the “Exchange Agreement”)
with Yasheng Group (BVI), a British Virgin Island corporation (“Yasheng-BVI”), pursuant to which Yasheng-BVI agreed to sell the Company
75,000,000 shares (the “Group Shares”) of common stock of Yasheng Group, a California corporation (“Group”) in consideration of 396,668,000
shares (the “Company Shares”) of common stock of the Company (the “Exchange”). The parties agreed to close the Exchange as soon as possible,
but a closing date has not been set.
As the Company does not presently have the authorized amount of shares of common stock to provide for the issuance of the Company Shares, the
parties agreed that the Company will issue the amount of shares of common stock presently available at the closing and will issue the balance of
such Company Shares upon increasing the authorized shares of common stock. The Company has agreed that the Company Shares held by
Yasheng-BVI are non-dilutive in that Yasheng-BVI shall never own less than 55% of the issued and outstanding shares of the Company. Yasheng-
BVI may appoint a number of directors to the Board of Directors to provide voting control of the Board of Directors to Yasheng -BVI. The
Company has also agreed that the 38,461,538 shares held by Capital Properties will be held for the benefit of Yasheng-BVI, which Capitol
Properties has agreed to. Further, both parties have agreed to restructure the Exchange Agreement for tax or other purposes as needed and the
Company has agreed to enter into the required financing arrangements that are acceptable to Yasheng-BVI prior to Closing.
Yasheng Logistics purchase
The only reason for this is the Chinese Govt. licence. (read last paragraph)
1. To obtain permission from the chinese govt. YASH will merge or “Buy” a subsidiary of Yasheng Group...
On August 26, 2009, Yasheng Eco-Trade Corporation (the “Company”) entered into an agreement with Yasheng Group, a California corporation
(“Group”), pursuant to which the Company agreed to acquire 49% of the outstanding securities (the “Yasheng Logistic Securities”) of Yasheng (the
United States) Logistic Service Company Incorporated (“Yasheng Logistic”), a California corporation and a wholly owned subsidiary of Group. In
consideration of the Yasheng Logistic Securities, the Company will issue Group 100,000,000 restricted shares of common stock of the Company (the
“Company Shares”). The Company is required to issue the Company Shares and Yasheng Logistic is required to issue the Yasheng Logistic
Securities within 32 days of the Agreement. Further, Group has agreed to cancel the 50,000,000 shares of the Company that were previously issued
to Group.
The sole asset of Yasheng Logistic is the certificate of approval for Chinese enterprises investing in foreign countries granted by the Ministry of
Commerce of the People’s Republic of China.
Maybe I can help.. There are 3 different things happening here..! Its a complex merge from a plumbers stand point so feel free to explain this to me after my next several Posts LOL!
From what I see there are 3 mergers or "Buys" to complete this....
No....Not even a word. I think its just a gamble this guy has a plan to get things going....or wait for a PR for something to go by..... ????
Looks like all sellers today ?
Is this going to fly soon?
It has to POP ! This is gunna kill me waiting !! LOL
Its starting to move a little today.....
I'm in pretty low....I wont double down unless it drops another 10%
Nice.... It would be nice to keep closing green til we get good news and a good push upward....
Crap !! I missed this one !! I cant watch !
Before next Wednesday....news past due..they usually post every 7-10 days. Anybody see level 2 qoutes? Looks like NITE is buying...but Im just now figuring out this crap :) LOL
SoGo trade wont let me buy this....WTF ?? !!! I need a new Broker....who do you all use?
Nice.....19? and still no news...I still say this was way over sold for no real reason....
Ok good ...News will come any day.... Im looking for info on the court approval to give us the go ahead to purchase property from Pfau LLC case #08-12840-PB11 To be honest that deal and several other plans in the works could keep the news coming steady.... $$$$$$$$ :)
Thanks Cheepo
That was a lot of reading... It could be any of several things, reasons, or persons, that bought these shares. A copy of the 8k was sent to a firm representing many companies Law Offices of Stephen M. Fleming PLLC.
Relax folks..... the good news is soon these two companies should form a very nice money making machine for share holders.... The “Exchange Agreement" was filed 9-1-09 in 8K for the merge... Should I figure some numbers for you guys on the combined income the next several projects should bring the company next 1-5 years? Not including the 71 mil YHGG brings now? Oh wait... I'm just the Plumber that goes on a "gut feeling" You guys tell me ok? LOL
If I'm out of line let me know but it could just be we found a good thing.... (All my unprofessional Opinions)
I think we are laughing because this investor bought all these shares at .57 cents while the price was falling.... I think elcheepo is hoping that means that the leak was the merger is a done deal.... Mostly we are just having fun and being positive (hopefull) I was asking elcheepo the same question what he meant.... :)
Hmmmmmmmmmm What are Hmmmmming about elcheepo ???? The leak right there with investor??? Hmmmmmm?????
Shhhhh!!!! Let me buy in before you post all this good news everywhere !!! LOL Thanks R.
Yes...within the next 10 days..
What search engine do you use Ronnie? I cant find shit for news compared with what you dig up !!!
Summary of YASH
Yasheng ECO-Trade Corporation (YASH)
Website: www.YashengEcoTrade.com
“Yasheng Group The Parent Company of YASH Has Over Fifteen Thousand Employees with Offices in the U.S. and China. The Company Reported USD $656 Million in Revenue in 2007, and Net Income of USD $71 Million.”
Overview
Yasheng ECO-Trade (YASH) is an independent emerging resources company. The Company’s focus is on the acquisition, exploration, and development of undervalued assets. YASH’s objective is to find, acquire and develop resources at the lowest cost possible and recycle its cash flows into new projects yielding the highest returns with controlled risk
The company competencies include financial services, mergers and acquisitions, accounting, real estate development, and natural resources exploration.
Yasheng Group (The Parent Company)
Yasheng Group (The Parent Company) is a a diversified industrial conglomerate incorporated in California, which operates a group of companies engaged in the agriculture, chemicals and biotechnology businesses in the People’s Republic of China.
Through three major industries, Agriculture, Chemical, and Biotechnology, the company’s operating categories include: chemical engineering, agricultural production, biotech, pharmaceuticals, textile products, printing and dyeing, commercial trading, beverages and inorganic salt manufacturing.
The Company produces over 51 major products in Northwest China, seven of which have received the national ‘Green Award’ for meeting the environmental and health quality standards.
The Company’s products are sold in China as well exported to the U.S., Canada, Australia, Pakistan, Iran, and many other countries in Europe and Asia. Major customers include well-known companies; Tsingtao Beer, KFC, and McDonalds, among others.
China’s growing population and increasing demand for food, along with favorable policies from the central government, have created a favorable environment for Yasheng to grow its operations and businesses within China. The company has dedicated a considerable amount of resources in bringing advanced technologies to expanding its product lines and improved yield.
Yasheng Group employs over fifteen thousand employees with offices in the U.S. and China. The company reported USD $656 million in revenue in 2007, and net income of USD $71 million.
The Yasheng growth plan is to capitalize on its longstanding market leadership in the Chinese agriculture industry. At the same time, the Company is poised to expand further into the global market through organic growth and merger and acquisitions.
Yasheng ECO Trade Corporation is currently under a term sheet to acquire the Yasheng Group, pending board approval. This transaction is subject to the drafting of a final definitive agreement, performing due diligence as well as board approval of the Company.
YASH Investor Highlights
Yasheng Group, the Parent Company of YASH has over fifteen thousand employees with offices in the U.S. and China. The company reported USD $656 million in revenue in 2007, and net income of USD $71 million.
Announced that YASH has developed a strategy with UFX Bank, through an arrangement with a third party, to provide export currency hedging for Yasheng Group (”Yasheng”). Yasheng currently exports worldwide and trades goods in multiple currencies. Yasheng currency translations for 2008, per its audited financials, were over $87 million and have accumulated $238,919,350 since 2006. As a result, YASH, through the above described arrangement, is currently developing a hedging program to minimize Yasheng’s exposure to wide fluctuations in currency.
The Asian Pacific Trade Zone is currently scheduled for construction to begin in 2009. The location of the project is in The California Enterprise Zone in Southern California. This strategic location provides easy access to all major export transportation services. The port of Long Beach & Los Angeles are within 45 minutes of the location and linked by a high speed container rail system.
The projected economic impact of the Asian Pacific Trade Zone on the company are Annual Sales of almost $70 million with $21 million coming from import and export freight income, $16, million coming from domestic direct sales, $15 million from lease agreements with participating companies and the remaining $22 million coming from the sales of pharmaceutical and drip irrigation products.
YASH recently announced that based on current market conditions and Federal and Local incentives available to the company, it has decided to move forward with leasing an existing building rather than building a new complex. Based on construction bids received from a general contractor, the cost of building the project would be in excess $70 million. In today’s market, a similar building can be purchased for $30 to $40 million. The company’s strategy is to lock in today’s prices with a lease with an option to buy. This allows the company to operate at a lower cost via low lease payments and still take advantage of reduced prices for the purchase. Chairman Rubin states further that “when we plug in the new cost structure to our business plan for the logistics center the feasibility is tremendously improved!”
Announced it has has engaged Legend Transportation Group to consult on the development of its Logistics Center. As part of its effort to open the Yasheng Asian Pacific Cooperative Zone and Logistics Center before the end of 2009, Legend Transportation Group has been hired to provide expertise in transportation management systems, common carrier LTL services, full truck load brokerage, expedited services, pool distribution and vendor consolidation, freight management, bill audit and payment, green transportation and small carrier evaluation.
Announced it has has signed an Agreement creating the Yasheng Group Russia. The Yasheng Group Russia, as part of a Joint Venture with Create Agrogroup Zao, will be developing an Eco-Trade distribution and logistics center in Russia similar to the one the company is currently working on in Southern California. The joint venture is the culmination of several months of negotiations headed by former Prime Minister of Tajikistan and ambassador to Russia Abdoumalik Abdoulladjanov. The first stage of the development is a Stock Breeding Complex in the Russian Federation. The purpose of the development will be to increase exports to China, which management believes will be a significant opportunity for the company. Create has been working for several years acquiring over 220 acres of land and has recently received approval to begin stage one of the developments.
Announced it has has signed a Financial Advisor Engagement Letter with a foreign investment banking firm to obtain bank financing for the Yasheng Russia Breeding Complex. The expected cost of the project is $186 million that is projected to be completed in three stages over five years.
Announced YASH has signed an agreement with Better Online Solutions (“BOSC”) for Consulting Services for the Yasheng Asian Pacific Cooperative Zone and the Yasheng Russia Live Stock Breeding Complex.
Announced that Cukierman & Co. Investment House LTD. will work on behalf of YASH to identify potential acquisition target companies as well as facilitate YASH’s expansion into Europe and the Middle East. Cukierman & Co. Investment House Ltd is the leading European oriented investment house.
Asian Pacific Trade Zone
The goal of this venture is to build an international platform for driving Gansu Province and other Chinese Province’s overseas investment enterprises and exports. The project will be positioned to combine the agricultural and industrial advantages of the Gansu Province with the logistics and distribution services of the Cooperation Zone’s service platform to provide a basis for expanding markets through local representation.
The projected economic impact on the company are Annual Sales income of almost $70 million with $21 million coming from import and export freight income, $16, million coming from domestic direct sales, $15 million from lease agreements with participating companies and the remaining $22 million coming from the sales of pharmaceutical and drip irrigation products.
The project is currently scheduled for construction to begin in 2009. The location of the project is in The California Enterprise Zone in Southern California. This strategic location provides easy access to all major export transportation services. The port of Long Beach & Los Angeles are within 45 minutes of the location and linked by a high speed container rail system. The Southern California Logistics Airport is just 15 minutes south of the location with a full range of global.
Its ok....up on a low volume day is good.....finished Green before a PR release I'll take anyday... IMO it maybe tomorrow or a wait til monday for a "Takeoff"
Im in this party tomorrow morning....I'll buy at ask to boost your price a little :) !! LOL
Do I wait for dip? In your opinion?? Looks safe to just jump in.....just past its 200MDA nice milestone Yes??
If they dont hurry and leak the info its gunna be a done deal.... I think Sept. 30th is some type of dead line ?? Im wondering if they wont be putting together a slam dunk PR for late this week or start of next.....Hope Hope :) LOL
Thats ok.... I'm going to play on FNXC for a little while see if it pops in the next few weeks....if not I may try something else... Does this make me a "bottom Feeder" buying FNXC ?? LOL Good luck.....
Ronnie nice pick....you mentioned this one awhile back....is it to late to get in ? Wheres the low guess where this may end up short and long term???
3rd try got 10k more !! Ok finally I'm in !!!
Got another 10k second try !!!