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It is my assumption as well that they will not wait with the filings till the last day of the four weeks he (?) mentioned as their timeline (like SIAF, or that they just postpone the deadline forever, like ITUP).
I don't know why I got that feeling, maybe just my wishful thinking? But since they know that everyone are waiting for the dividends that should have been paid May 21 and they screwed that one up, I think that they will not give us a time frame in writing and screw it up once again. My money is (literally) on that they will deliver this time, according to their promises.
Week 1 of 4 completed.
Still not a shareholder, snow?
"expected to be completed in 2-4 weeks..."
I am more of a believer in respectful and polite communication. Maybe even more when it comes to dealing with Asians.
Getting the feeling that we are waiting for a filing that never comes, just like with ITUP. Still no signs of life when entering the "last minute"-stage is never a good thing.
"Not sure if I misunderstand you here, but they only need to be current prior to the september 28th deadline, not 60 days in advance or anything such."
Ok, my apologies. I tried to put together what you and RD have said in different posts and I may have got it wrong.
Yes.
Yes.
What you call "from time to time" I call "constantly".
Or is it just semantics?
I am less interested in strategies. The main question to me is, can LP be trusted - at all? My conclusion and my answer to the question made me sell my shares.
I hope for your guys' sake I was wrong.
Like LINK Oracle already concluded: LP's "word/opinion/promise of deadlines carries absolutely no weight".
So why should he be trusted in any other matter if he cannot be truthful in this one?
I hope that you are right and I am wrong. I hope you guys will make money on this and not lose.
Laxmi is proving over and over again that his sincere promises regarding getting current can not be trusted. And still you choose to trust everything else that he says? I just don't get it. He is filing plans and intentions. His billion dollar company has a website that is a joke.
And come September 28, the new deadline (deadline, yeah right) will be moved ahead yet again. Two days ago the target was still end of July with the "intention" to file July 15.
Sep 28?!
I would laugh out loud if it wasn't because my fellow investors and friends are hurting. What a joke. What a sad joke.
A $1/share dividend still sounds a lot - like in "too good to be true".
Remains to see if it has increased or decreased in value then. In two months we will - hopefully - know.
How do you know that? Yes I know that they invested a lot of money in the company some years ago. But that doesn't guarantee us a +$1 dividend?
"the dividend alone is worth more than a dollar. "
Not to me. Any kind of documents can be sent electronically these days.
"To me a certificate refers to a document and not some electronic information. The same goes for documentation. "
I have read the filing. What part of the text implies that they will send us paper by mail?
A paper? Why would they send us a paper? It is 2021.
No. It is not cancelled. It is delayed. Like they told me in their email reply. They will file an additional 8k. Worth waiting for.
We seem to be the only believers. If my position wasn't more than full already I'd buy some more at this level. Strange that so few seem to take any notice of the recent activities. I am expecting an eruption. Krakatoa.
I see what you are saying. I am just not sure there actually is a 20 banger upside in this stock. Oh yeah, if you ask the CEO there is, definitely. But really, has he given you any reasons to believe him? You find him trustworthy after his repeated 99,9% certainty-statements?
And if you also take their website into the equation, come on... This is not the website of a company that will raise +700MUSD. They have been recommended to get a professional website for a long time now, and they just can't get it done. It is on such an amateurish level that I would sell my shares just because of this, had I not already sold them. I just hope you guys don't lose a lot on this devastating spectacle.
A lot of smooth talk, no action. Not even a website. And that is basic. Basic.
Yes, you are right, 20x. But even so...
No one here who is worried about
- so called news from the company is no news, only expectations and intentions?
- very "confident" statements of the company's ability to raise hundreds and hundreds of million dollars at a share price more than 100x the current?
- no news that verify any positive cash flow or created value for the shareholders?
- promises of financial filings and critical timelines are broken time after time after time?
- allowing greed to blur common sense?
Then you will regret that you didn't buy more, when you could, at $0.10
What is encouraging is that they replied. I sent them two (polite... ) emails.
I actually received a reply to my email. They apologize for the delay in the dividend. They will file additional disclosure in an upcoming 8k, says the email from HERB, signed Hui R. Zhang, vice president.
I have sent HERB two emails asking about the dividend, the first one in the beginning of June and the second one today. Silence.
They should give a clarifying update.
One month now since we were promised to receive our share dividend.
They could file a Form 10, they could pay a substantial dividend, they could buy out the minority owners and go private and the could merge with a listed company on a senior exchange. I suppose the Form 10 or a merger could be the options that generate most bang for the bucks long term.
I guess the worst case scenario 2017 was that HERB would remain silent another three years. Now it is remaining silent another seven.
"But what is not possible is what perhaps most people are expecting them to do, which is nothing."
This is the part I don't understand. Going dark isn't something that happens by accident. It's something you choose to do. So, if that is a major failure, why did they choose not to file?
"They have failed miserably (by going dark)."
If we only consider the float of 14M shares and assume that the number of shareholders has somewhat diminished to about 300 due to years of silence, it would give an average of 47,000 shares per shareholder.
All three are valid guesses, I suppose. But what I find utterly incomprehensible is that the people at HERB wouldn't check this in advance? First you make sure that things will work according to plan and you check and you double check - THEN you send out a press release or a filing. Everything else is very amateurish, to say the least. And I am having a hard time to believe that someone who is trusted to sign off an SEC filing would be such a dilettant.
I have asked myself the same thing. But I just can't understand how anyone could benefit from a bogus filing. There must be a lot more potential cons than pros to a false SEC-filing.
"...whether the PR was real or not."
This is just taking too long.
You will probably have the time to buy a whole bunch of the ones for sale at $5.4 before they do.