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Yes, you don't want to be perceived as totally insane. But that is what HERB does to us.
Not sure I agree with you regarding what SHOULD be the value of the dividend. I do understand you don’t want to sound like a crazy guy and assign a value of $25 to a 14-cent stock. But if we discuss the SHOULD be-value, well…
The plantations were worth $2,3B 2015, a value of $15/share seven-eight years ago
If we apply a YOY-growth of a modest 6% on only the value of the plantations, we get $3,5B. That is $22/share. On top of the plantations HERB also has a lot of other business areas. So, HERB could easily be worth more, probably at least $4B+ for all we know, $25/share.
#metoo
It is hard to imagine they even could.
Is the shareholders' only option to accept an offer from the company and sell their shares "blind", without a clue of what the value of the hidden assets are?
And this amount is based on the assumption that the will give us 1 preferred share for ever 10 common shares that we own and then buy these shares of us for $10+ per common share? A buyout of the off-balance sheet assets? And what will be left for the shareholders is the company we see in the audited filings? If so, I'd expect more than $10.
What is huge?
50 c?
$1?
$3?
Early next week apparently changed to just "next week".
In other words, sometimes during this week.
In other words, probably Friday.
Also, they intend to to engage a market maker to submit a 15c211. That should get rid of
Warning! This security is eligible for Unsolicited Quotes Only
Until the fair value of this company is disclosed, any surge in share price will only be temporary.
We should put together a bunch of people and make a bid for the entire company at $5/share, just to get to see the books.
"Dear Petrejus,
please look for dividend news early next week.
Sincerely
..."
Very strange that we, the shareholders, are compelled to chase them about dividend updates. They are doing a lousy job, to say the least.
Until the missing billions are returned to the shareholders, no pressrelease will change anything.
So, this week ends tonight after trading close. Should be interesting. And potentially disappointing.
Maybe they are finally realizing that keeping >90% of the assets off the balance sheet is a cul-de-sac.
It is time to come clean. Show us the billions.
Yes, it is always in the future, a few months down the road.
I think they are setting up a new opportunity for us to exercise our patience. As in another several months of waiting.
When it comes to patience, we are the Navy Seals. The absolute elite.
"Dear Petrejus, we are working on news to release this week. Please be patient."
1 min ago...
You can't really do that if you are a reporting company, can you? Isn't that the whole idea with being listed, that you can not just completely randomly disclose some assets and leave other assets "off the balance sheet" at your own discretion? Such a course of action makes it completely impossible for the market to assess any investment opportunity.
If there is one thing that would get an auditor firing on all cylinders, it should probably be "This is considered an off balance sheet asset".
POLL before HERB's Monday-update on the dividend
HERB's shareholder will receive the preferred stock dividend:
1. Within a few weeks after the record date Feb 27
2. Not before August
3. After 10-12 more months, maybe more
T -1.
After two years of struggling, they should know what it takes to get the dividend through. Not that I am holding my breath this time either. My system is set for "waiting-mode" for reasons of self-preservation and I would be very surprised if we actually would get our dividend at last in March.
On another note, we should get our dividend some day and this time is as good as any. Maybe they will surprise us.
Or we will get to wait another year.
I am bracing myself for yet another disappointment.
Still no paydate communicated.
Not very reassuring.
Two more weeks till Feb 27. When should we expect to hear something from FINRA? Not that I see why they should approve the dividend this time either, with most of the assets undisclosed. But let's hope the Form C does the trick.
To quote aandt:
not sure why they would try so hard if there wasn't any value behind it.
Probably not very many people who have seen the last dividend announcement, but no one seems to believe that there is any merit to it - or that it will add any value.
The company resumes dividend plan and someone elects to sell out 53k shares for 6-8 cents. I wonder why.
Remains to see if RD's theory of a buyout will hold - or if they just want to give us a piece of the accumulated profits.
If a buyout is coming, it could be mind blowing.
Thanks, TF.
I personally do not have any intentions to buy more HERB since I already have a full position. I was merely thinking of the status of the company. It comes across as suspicious and unreliable with the current unsolicited quotes-warning.
So, at this point, what will it take for HERB to get rid of the
"Warning! This security is eligible for Unsolicited Quotes Only"
on OTC and become tradable with all brokers again?
If HERB hasn't ensured that FINRA will approve the dividend this time, it would be unprecedented incompetence.
The Elephant in the Room
New talks about dividend payment should get me all excited. But it doesn't. Somehow I don't get the feeling that I will get my fair share of the 3-4-5 missing billion dollars that I have been waiting for. At least not any time soon. Billions that are STILL missing and not mentioned in any filing. It is all talk about 25 cent/share and cancer treatment of tomorrow.
So how am I going to get paid? Will they offer me $100 or $200 for my preferred shares and buy me out? Or will I just sit there with a bunch of preferred shares in my account?
And why would FINRA suddenly allow this dividend? What's new since HERB's last attempts to get the dividend through?
I am preparing for yeat another lengthy and disappointing waiting.
So what now? We just wait until we after a few months learn that HERB did not become SEC current reporting because the filing was not sufficient?
I am thinking that FINRA has access to the filings like the rest of us. And they should be able to determine that there were assets for over $2B in one filing and a few filings later assets for $2B were gone, and no business transactions that explain the absence of said assets = something is very fishy, right? That should be enough for them to deny a dividend distribution until the company comes clean regarding the missing assets.
20 months they have struggled to pay the dividend.
FINRA doesn't allow it because they don't disclose their assets.
Then they file "audited financials" - without disclosing their assets.
What is wrong with these people?