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I agree that this is the right move for the time being. My suggestion all along to Laxmi has been to only post here with informative updates and stay out of the back and forth dialogue.
But for now it seems best he stay away and focus his limited energy on getting things done for the benefit of the company and shareholders.
I communicate with them in English, my Chinese language skills are fading, it's now been over 10 years since I worked in China. I can still understand basic conversations but am not able to communicated nearly as well as before. They only respond to me periodically, and I know there are others who get the same messages I do.
The dividend wording seems most likely just leftover wording from previous reports. It wasn't on the last annual report they filed this year but it was in the previous quarterly reports from 2023. So they probably were using a template from last year. I am curious what their plan is for the dividend, but it seems like the previous plan using preferred shares is a dead end. I would be happy to be wrong of course.
Interesting. They have done this before- published the report on the website first.
https://yashenggroup.com/f-HERB-06-30-2024..pdf
They aren't actually even required to file, it will be interesting to see if they file it.
Nothing unusual jumps out at me after scanning the report, pretty consistent with past reports.
Been looking into the "lead inventor" working with Yasheng that was mentioned in the PR - Shuting Zhang.
Found his company he runs- Xi'an Shuguang Electric Power Equipment Co., Ltd.
http://www.xashuguang.com.cn/About.html
Here is one of his patents- https://apps.wanfangdata.com.cn/patent/article:CN202311103418.0
Not sure what the connection is to Yasheng, can't really look into company details like I used to. China has shut down access to company filings from outside of China. Not really much point in it anyway.
If the funds truly are marked pending with available date of 29 then I see no reason for the 31st date to not be met. So I will leave it at that.
July 29 is 3 business days from now (if you don't count today). Pretty standard. And then Laxmi has said staff payouts would be July 31, that's the 2nd business day after funds are process and available on the 29th. Seems reasonable and acceptable to me. Also, there are no more third party barriers. So seems to me the path is clear.
My view is that we were told funds would be released from India by today. And it looks like that is exactly what is happening. It should be no surprise that Bank of America is taking a few business days to process. That is pretty standard practice. So why not wait out the process before jumping to conclusions?
For me nothing has changed. Still expecting value to be realized eventually. As for when, no idea. I expected them to get something done already by now. The company has communicated recently that something is in the works.
But another factor is that there are buyers that have announced their intention to buy shares here soon once they have funds arriving from another source. That could also have an impact, if of course it occurs.
And yes I know... a lot of IF's. But since you asked, that's what I am seeing.
This was after the solar and boxer news, in early May. But I haven't received any replies since. I ask for updates periodically.
I believe it is option 2
I haven't heard anything from the company in a long time. I have asked for updates periodically with no response.
Good email, will be interesting to see what they respond with. They have been very quiet for quite a while.
Things are moving forward nicely, thanks for keeping everyone updated.
Appreciate the update here! Hopefully the funds will be released soon.
It seems as though the company has chosen the silent path once again. I wonder if they will file any quarterlies at all, or just wait until the annual report. It's looking like the latter unfortunately.
My point though is to suggest you refrain from responding to every question. Let them question. Their questions will be answered by delivering results.
My suggestion is to ONLY post here with updates and relevant info and stay out of the back and forth conversation. Responding to the negativity is not helpful or productive. I have said it before and I continue to believe that the best response is to produce results. I know you are working hard on delivering, but until tangible results are seen there will always be those who will question and make comments. No amount of words can silence them.
Delivering on promised results will silence many doubts and turn the tide. I continue to believe that we are nearly there. But we are not there yet. So my request is that you refrain from responding to all the noise and only post here with meaningful updates.
8K Filed. Solar Farm agreement for Kramer Junction land with Pivot Energy
https://www.sec.gov/Archives/edgar/data/1123312/000121390024031680/ea0203608-8k_yasheng.htm
Item 8.01 Yasheng Group’s Subsidiary Enters into Binding Agreement with Pivot Energy.
On April 2, 2024, Yasheng Group’s wholly subsidiary entered into an agreement with Pivot Energy in order that Pivot Energy develops and builds out a large solar project on the 81 acres located in Kramer Junction, California, owned by our subsidiary.
Pivot Energy (https://www.pivotenergy.net/) is a national solar provider that develops, finances, builds, and manages solar energy and energy storage projects that help decarbonize our nation’s electricity, increase equitable access to clean energy for local communities, and provide real cost savings to American businesses and families. As a Certified B Corporation, Pivot is required to meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.
The company has been very quiet since the annual filing. Hopefully they provide some updates on things and don't just go silent all year long. Under their current filing status as SEC Reporting CF, they are not required to file quarterly reports.
Appreciate the update.
Everyone here knows there has been delays. Anything involving large sums of money crossing borders often comes with delays. It's been frustrating for everyone. But all indications are that things are moving now.
Yeah not surprised.
Appreciate you keeping shareholders updated!
I noticed today that they have renewed the annual filing with the state of Colorado as they should.
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20211155660&fileId=20241247371
What's interesting though is they have ALSO incorporated a new entity, Yasheng Group USA Corp.
Filed on January 11, 2024. https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20241044821&fileId=20241044821
Share structure is the same as existing company-
The corporation is authorized to issue:
Common shares - 800,000,000
Annual report now filed with the SEC
https://www.sec.gov/Archives/edgar/data/1123312/000121390024016717/formcar1.pdf
Audited earnings posted in the website this weekend. They should be filed with the SEC shortly I expect.
https://yashenggroup.com/YASHENG-2022-2023-HERB-10K-f.pdf
To be honest, I think the biggest benefit to us long term shareholders here is the exposure he appears to be bringing to the company. It remains to be seen how far it will go, but already there are a lot of new eyes "discovering" this company that did not before.
Manny Pacquiao was pretty active in politics for several years in the Philippines. He was a Senator and ran for President a couple of years ago.
https://www.reuters.com/world/asia-pacific/boxer-manny-pacquiao-nominated-presidential-candidate-philippines-2022-election-2021-09-19/
Also has an active foundation in the US.
https://pacquiaofoundation.org/about-us/
And has several other ongoing partnerships, here are just a couple links, there are more out there.
https://www.philstar.com/sports/2023/10/04/2301135/pacquiao-partners-australian-education-firm
https://www.ipophil.gov.ph/news/mark-of-a-champion-how-manny-pacquiao-is-earning-millions-from-ip/
Yeah, I will hold the rest and see what happens.
But I am happy to get some out, I have been basically all in here for the past year, back when we thought the dividend would come last March.
Yeah I will wait for this wave to calm down. It was under .05 a week or so ago.
I am still holding almost 100,000 shares.
Getting steamed on Twitter.
I was able to unload a block for .20
Just found some pictures of MP Wu in the Philippines recently, including some with Manny.
Also found a picture where an MOU was being signed for setting up a Solar farm, among other things it appears, which matches what Manny was referring to in his video.
MOU from January 24
MPW and Manny in late December
Also interesting that David Davies was on the trip with MPW.
Manny Pacquiao Facebook page with 19M followers- https://www.facebook.com/MannyPacquiao
X (Twitter) - https://twitter.com/MannyPacquiao
Supposed Net worth of 220 M
https://www.sportskeeda.com/mma/manny-pacquiaos-net-worth
https://www.essentiallysports.com/category/boxing/boxing-news-you-deserve-it-all-with-two-hundred-twenty-million-net-worth-manny-pacquiao-makes-major-move-with-new-business-venture-and-fans-are-all-for-it/
Really wonder why he is linking up with Yasheng?
Here's the Facebook page for Oliver Sumblingo Pauya, Traffic enforcement Chief
https://www.facebook.com/teugscpo
Very interesting.
https://www.sportskeeda.com/mma/news-he-s-contacted-us-fight-eddie-hearn-drops-surprising-news-manny-pacquiao-keen-face-conor-benn-upon-return-retirement
Possible fight scheduled with Floyd Mayweather?
https://www.si.com/fannation/mma/boxing/boxing-news-manny-pacquiao-vs-floyd-mayweather-fight-announced-for-2024
They are working on it, I have my account and have started to see tokens. I am guessing more to come this week.