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When you are asking for months for an address or contact number or anything else such as a name or contract agreement to confirm any of the ‘deals’ and you don’t get it, then indeed you start to worry especially when there has been dilution n the meantime worth close to half a million dollars.
You mean if for example you tell Boris that you have a couple of very rich friends to whom you would like to recommend the VIP club, he will not give you contact information?
Still a mystery what that volume was all about without dilution and without the shareprice going down much more with all those shares hitting the market.
I can only access the first pages of the trial documents.
https://www.lacourt.org/paonlineservices/civilImages/searchByCaseNumberResult.aspx?caseNumber=BC691885
Have you become a member and can access all?If so can you post the 2nd of yesterday’s proceedings in case it is interesting.
Seems these have been going at it for years, there was trial in China and plaintiffs house was seized.
The good news at the moment would have to do about dilution.
Why they have been doing it monthly recently and how much more can be expected at these price levels.
Looks like the trial is under way.
06/10/2019 Minute Order ( (Non-Jury Trial (1-2 days)))
Filed by Clerk
Yasheng Group is mentioned as defendant too.
Any idea what this is all about and if anything positive can be expected depending on the outcome for shareholders?
Don’t know what it means but all the filings on behalf of the defendants is from Meiping Wu.
I’m afraid that Yasheng Group not filing anything means they don’t give a sh*t anymore about anything that happens in the US including their stock.
Unless of course the filings by WU is for both(‘et al’ as per the case name).
http://www.lacourt.org/CaseSummary/UI/casesummary.aspx?caseNumber=BC691885
The other thing about HERB that makes the chance for a comeback bigger than other Chinese gone dark companies,is that they have already done it once - that is filing after going dark.So they might do it again.
They raised their O/S to 22M and they expected the shareprice to stay at around $10 without first showing any revenues!
7Million more shared issued last month.
And who knows perhaps a few million more yesterday perhaps.
What is the explanation thsi time?
He obviously thinks he is addressing naive investors and idiots.
When you have $5Million cash at the turn of the year and you go and spend it on anything other than the shareprice when you are trading at 1% of book value, who cares if in a year you start making big profits again but it is more inventories and receivables?
Any cash they had has once again gone into inventory and receivables.
Obviously more important than dividends or buybacks, or the reduction of debt.
Such a never ending story even when business is slow!
O/S back to where it was unfortunately.
Company buying back some shares and then issuing them again?
Interesting that the reduced O/S is still there on the OTC page increasing the chances that it is not a mistake.
It also coincided with the highest volume this year almost matched by yesterday’s volume.
In case it is the collaterals being returned it could get interesting.
In their new filing they now say that Ron has just 10M shares.Thought he had many more.
Are they restricted?Cause also the float is at just over 100M.
8.4 Billion O/S now.First time ever that during a buyback period the O/S number goes up instead of down!!!
So what happened?Henry just announces the postponement of dividends and not of the start of the buybacks?
Nothing this time about buying the PLFX shares.
Sorry.My mistake.Read it as a sentence.Director 10% owner.
So he was given these 5Million shares?Have not read his employment contract.Obviously I was wrong and this is no news if that is the case.
I click that link but I cannot find AXXA mentioned anywhere.
Can you help please.
Do we have any information this time on the internet about who SRII and Mac One Energy are?
Did a quick search but found nothing.
I guess it is the same old story.All profits are receivables not cash.
And makes you wonder, how come a company with zero bad debt over the years from their main business lines, not being able to secure even small loans with so many millions in current assets.
Yes.It shows about 100,000 less.This site makes mistakes from time to time.But if it has gone down, it could be another positive.
Solomon with $5Million in cash?That is some news.
He was issued Preferred Shares he can convert into 250,000,000 common stock.
Still cheap but they have no cash.So it will depend on margins and with what terms they can get capital to start developing the site.
However there are now over 260,000,000 shares outstanding.
Is this guy serious?
He expects investors to keep buying another 20 Billion or so shares to pay his convertibles, while he will be watching happy with his 50Million shares?
He thinks with the PR he put out today he will manage to attract investment of about $2,000,000 buying his 0.0001 shares?And that only if nobody else decides to start selling at 0.0001.
And how can you start a buyback program while still issuing shares for convertible debt???
Just pay off that debt if you have cash available from April 15.
And the reason for going dark?
Still profitable,current assets in the hundreds of millions...
Just too much greed to make all this wealth of more than half a billion his own alone?
What is the point now?
He has diluted himself out of any ownership in the company.
So why does he still care?
Receivables as usual but don’t worry, still the only company in the world with zero bad debt!
Has anybody figured out why in case there is any value in what Henry has been promising, he has diluted his ownership in the company to below 1%?
He will have a CC as the owner of about $5000 stake in the company next week?
It doesn’t make any sense does it?
Actually it was last week to be honest.
Thought it was the same situation like now many millions on the bid at 0.0001
Sorry.Obviously I was wrong.
More odd is why some new 0.0001 orders get filled.
Shouldn't they be waiting in line behind 2Billion shares?
Or to make it look as if there is endless demand at 0.0001
Henry must also say how he plans to increase his current $5,000 investment in the company.
Wonder why they don’t enter the PVC Doors and Windows Double/Treble Glazed market.
It is a huge one.They have the showrooms and the stuff.Perhaps with the new manager they will consider it, if it indeed fits into their market plan.
So Henry with basically 0% ownership in the company at the moment, what
is your plan to regain a respectable % in order to make all your upcoming promises and efforts worthwhile for you?