I think that the sharp website gives all the DD you need. besides, we don't even know what business these guys are in.

ok but what innocence is being maintained? If they are innocent then why wouldn't they just agree to not commit securities fraud? Hell, aren't they supposed to agree to that? By not agreeing to it, are they not saying that they will commit securities fraud?

Did you see the news that just came out?

Former Shareholder Says That Yasheng Eco-Trade Refuses to Agree to Injunction
SAN DIEGO, CA – Plaintiff George Sharp announced today that Yasheng Eco-Trade Corporation (OTCBB: YASH) has rejected Mr. Sharp’s proposal to settle the case in exchange for a cash payment to Mr. Sharp that was previously proposed by the Defendants, and a stipulated injunction which would prevent the Defendants from committing Securities Fraud.
According to Mr.Sharp, the Defendants, through their attorney Michael Goch, offered him a reimbursement of the cash losses incurred as a result of the Securities Fraud and other causes of action that he alleges that Yasheng Eco-Trade, Darren Dunckel and Yossi Attia committed. Mr. Sharp countered the Defendants’ proposal by agreeing to accept the cash payment, provided that the Defendants also agreed to an injunction compelling them to comply with SEC rule 10b-5; hold annual general meetings of the shareholders; disseminate press releases about all material events; and, refrain from participating in spam email and mailer campaigns.
Mr. Sharp states that the Defendants’ responded by refusing to stipulate to any injunction.
Mr. Sharp commented, “How is the public expected to have confidence in the public markets, when those that run public companies can be brazen enough to state that they will not agree to refrain from activities which constitute Securities Fraud? “
Mr. Sharp has established the website www.sharp-v-yasheng.info where the complaint and the correspondence regarding the settlement proposals can be viewed. Ongoing information about the lawsuit is also available there.
Mr. Sharp is a former Vortex Resources Corporation, now known as Yasheng Eco-Trade Corporation (OTCBB:YASH), shareholder who has filed a civil action for Fraud, Negligent Misrepresentation, Securities Fraud and violations of the California Business and Professions Codes 17200 (unfair Business Practices) and 17500 (False Advertising) against the Company and its CEO Yossi Attia. The Complaint was filed in the San Diego County Division of California Superior Court (Case No. 37-2009-00100574-CU-MC-CTL) on October 19, 2009, and served upon the Defendant on October 26, 2009. The case is currently in the process of being transferred to Los Angeles County for a jury trial.

CONTACT: George Sharp
george@clippercp.com
(310) 498-4455

How will this POS ever move when a Securities Fraud lawsuit is out there?

Not with that outstanding lawsuit it won't.

chuck441, I wonder if your evaluation here is as valuable as that astute observation you made on YASH. Which, by the way, is down 90% since you pumped it.

Same here Smartipant. I warned these guys for months that the company was getting sued by a shareholder and nobody believed me until a press release was issued. Incidentally, the press release came from the shareholder, not the company. Now I here that this is about to be announced as a class action suit with other burned investors being invited to join in.

Checked out the website after my last post and it seems that Sharp has updated it. Darren Dunckel is now a defendant and the lawsuit has more allegations.

www.sharp-v-yasheng.info

This thing ain't going anywhere while this lawsuit is still going on.

The website has been taken down and is "Under Constructions" probably to hide all references to the Yasheng Group.

Wait a second. Am I to understand that these guys expect to put up a defense without proving that their business is legitimate?

How about self-serving management, dead Yasheng deal and a lawsuit. That's why.

Losing money in the stock market is no crime but losing to people intent on pumping and dumping and dishonesty is something else. Is that the case here? It appears so but I guess Sharp will get to the bottom of it. Hard to say that his lawsuit has no merit though. We may not know what he knows.

Well it is not my lawsuit but I understand what you mean. I think it is more likely that you lost your money because the company is not forth right with its shareholders. This is a classic pump and dump scheme. The evidence is clear and I have a feeling that there will be a few who end up paying for it.

Posting about nothing is the biggest waste of time.

Oops! Look like I spoke too soon. They high closed it. Goodgolly the blog is at www.sharp-yasheng.info

Exactly what I said goodgolly. I did find his blog post about the trades in YASH being manipulated interesting. The company must have seen it as well because it looks like they stopped the upticks.

Looks like the market didn't appreciate that cheap stunt of a press release the Company put out Friday. This pattern looks so familiar form the Victory Capital lawsuit. I learned the hard way on that one.

Precisely

I have a feeling that he might know something that has not come out yet and when the boys find out what he knows, they'll get a sinking feeling.

How does this help people who bought the stock after this information came out?

I don't want to get into a game of slap and tickle with you. Let me just say that Sharp has NEVER lost a lawsuit. He knows what he is doing. I learned that with Victory Capital who countered sued him for $10 million and got their clock cleaned. Since then there was Golden Arch Resources which is now in receivership and a few others who's names escape me. I also believe that his lawsuits have resulted in a couple of SEC investigation against the culprits and one or two who ended up in jail. Dismiss this guy at your own peril.

That is an SEC filing. Not a press release. You have to be lucky to come across that.

Well if you read my previous posts, I said that he has done this before and has destroyed two public companies in the past. Near as I can see, his allegations are true (the Company did not put a press release about the reverse split. I would never bet against this guy.

And as I understand the First Amendment, Mr. Sharp is free to announce when he goes to the bathroom, if he so desires.

Wow! You sound like a lawyer. Or do you just play one on TV?

Let me help you out here Ronnie, since you don't seem to get all the press releases.

Former Shareholder Responds to Yasheng Eco-Trade Allegations

SAN DIEGO, Oct. 30, 2009 (GLOBE NEWSWIRE) -- Plaintiff George Sharp responds to Yasheng Eco-Trade's (YASHENG) press release of October 30, 2009. In its statement YASHENG infers that Mr. Sharp is not a former shareholder. Mr. Sharp assures that the evidence will show that Mr. Sharp was a shareholder exactly under the parameters detailed in the complaint. Furthermore, YASHENG falsely accuses Mr. Sharp of having tried "to settle the matter for a nominal fee." Mr. Sharp denies this accusation and will prove that it was, in fact, YASHENG representative, Darren Dunckel who telephoned Mr. Sharp just hours after the Company was served with the Summons. According to Mr. Sharp, Mr. Dunckel implied that the Company was prepared to pay Mr. Sharp $5,000 "to go away."

Mr. Sharp is a former Vortex Resources Corporation, now known as Yasheng Eco-Trade Corporation (OTCBB:YASH - News), shareholder who has filed a civil action for Fraud, Negligent Misrepresentation, Securities Fraud and violations of the California Business and Professions Codes 17200 (unfair Business Practices) and 17500 (False Advertising) against the Company. The Complaint was filed in the San Diego County Division of California Superior Court (Case No. 37-2009-00100574-CU-MC-CTL) on October 19, 2009 and served upon the Defendant on October 26, 2009.

Further information about this lawsuit and a copy of the complaint can be obtained at the website: www.sharp-v-yasheng.info

Good luck to you

Painting the tape is a phony trade like the 100 share trades to the upside that constantly appear on Yasheng prints. This type of trade invariably appears right after someone dumps their stock and brings the price down. Someone always seems to come in right afterward and buy 100 shares to the upside making it seem like things aren't so bad. This is highly illegal. Either that, or there are a lot of people with an extra 11 bucks in their pocket.

Hmmmmmmm, I notice that you dodn't post Sharp's original press release.

Well it didn't tank because they kept painting the tape yesterday, which is highly illegal and if the NASDAQ finds out, the Company will regret it. I know of two companies who have been taken off the BBs and moved down to the Pinks for painting the tape.

This is curious.

Sharp puts out a press release, and this message board dies and the Yahoo message board disappears altogether.

Hmmmmmmmmmmmmmmmm.

Your best bet is to review their press releases. According to the lawsuit, they filed the required SEC paper work but while they were putting out all kinds of press releases about everything else, they never told the public about the reverse split. I think he is complaining about all the announcements of stock repurchases too. I guess they never came true.

oops sorry. www.sharp-v-yasheng.info

Yasheng served

www.sharp-v-yasheng.com

Looks like Yossi Attia was named as a Defendant in the lawsuit recently.

http://www.sharp-v-yasheng.info/

It's not a matter of IF they get sued. They HAVE been sued. www.sharp-v-yasheng.info

that isn't buying, that is selling but it is not a lot unless you consider $30,000 worth of stock a lot. What there is however is a lot of painting the tape which is very illegal.