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There wasn't much interest for the survey.
Only 7 posters participated.
Total number of shares held: 1.302.000
Average holding/shareholder: 186.000
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Shares held Europe: 921.000
Shares held US: 381.000
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Average/ shareholder Europe: 230.250
Average/ shareholder US: 127.000
Have a nice weekend!
My guess is that we will get some news from the company tonight, tomorrow or latest on Monday. Only a guess though.
Not sure if they still are pursuing the dividend route. They will probably need to disclose the hidden assets this time to get it done. Or - they may take "other measures to solve the problem".
In any case, next time we hear from HERB, it could be nothing less than spectacular.
Company profile on OTCMarkets updated.
https://www.otcmarkets.com/stock/HERB/profile
Someone is buying today. Will probably turn out to be the best deal he made in his life. 17k shares <14 cents so far.
I think you are right.
I have reason to believe that we will se some very significant announcements within two weeks, give or take.
I am hoping for a miracle that FINRA will process the dividend after their review. But I suspect that the lack of transparency and disclosure of the hidden assets will once again block the processing of the dividend and add another couple of months of waiting.
15 months? The first dividend was said to be paid May 21, 2021.
"They also have to update the profile on OTCmarkets."
What is the update they must do?
RD being happy again is just one filing away.
Maybe you should give them a heads up, before you unleash hell.
"Because I'm furious."
I can tell.
I didn't interpret it as good news.
I was just sharing the message. I think it is a good thing that they do communicate after years of silence. I am also tired of waiting. But the fact that he replies to my email gives me some hope.
Yes, I think so too. I can see they they are struggeling and want it to happen.
I sent them an email today asking if they are still waiting for FINRA - or considering "other options".
"Dear Petrejus,
we are not revived (received, I suppose he means) answer from the FINRA yet, In the current situation, we
can only choose other options.
I'll come up with a plan after July 4th."
Well, he said "if [they] do not approve it", he didn't say "if we don't hear anything".
It is getting closer.
If FINRA suddenly asks for additional information it could give some hope to the Company that the process is underway and they decide to give it some more time.
But if FINRA remains silent and does not give any indications that the dividend distribution is processed, I think the company "will take other measures to solve the problem". HZ was quite concise in his words.
Then again I suppose it could take some time for the Company to take a decision to move on to "other measures". And we know that they are not the masters of communication so I'd be a bit surprised if they decided to communicate as soon as this week.
On the other hand, the Company could be as p**sed off as we are, about all this and they could already be good to go to plan B - or is it C, D or E by now...
I think "other measures to solve the problem" would be something that does not involve FINRA. After numerous attempts to get FINRA to process the dividend, the company is surely pretty frustrated with FINRA - should they not make this happen within a reasonable time frame, that is.
I think the dividend will be distributed eventually, when FINRA get their thumb out.
But IF they don't act soon enough, I get the impression that the company will try to come up with another solution that doesn't need to go through FINRA. And what could that look like? Would it be possible for the company to simply make a bid for the 14M shares in the free float and thus give the minority shareholders the shareholder value they are looking for?
It is many years since a bid for $11/share was turned down. OK, the terms of payment were not straight forward which made the bid unacceptable. But the price indication could be used as some sort of guidance; $11 six-seven years ago should be $20-$30 today.
I wouldn't say denied. I'd say "not yet approved". My interpretation.
"Nor do we know for what reason that FINRA did not approve, we will wait a
week, and if do not approve it, we will take other measures to solve the
problem."
I am beginning to get worried now. This just takes too long - again.
Is it not happening or is it just delayed? It's down 50% since you sold 10% of your HERB.
Excuses are of no interest. We are all trying to make a return on our investment here. I am up 100% at the moment, so I am not crying.
You are simplifying things. The circumstances have changed compared to 2015-2020. They are not silent anymore, like they were for five years. The company is now communicating and trying to pay a dividend. Their endeavours leave a lot to wish for, but they are trying. I think they will eventually make it. Your conclusion is another.
If you can get $2 worth of Equity Art for every common share, that should move the share price significantly.
On May 11 you expected the share price to go up to $1-$7 when we get the preferred shares. But that has changed?
But it's not just about qualifying for the dividend, is it. You also want your share of Equity Art, as well as a surge in the stock price when things start moving here.
So, are they compelled to tell us before they can distribute the dividend, or is it optional?
I asked HZ today if it is even possible to distribute the dividend before they have disclosed the actual value of the stock dividend. Let's see if I get a reply.
I received an email from the company. They are communicating with FINRA and "everything is done step by step".
The email was a reply to my questions regarding the dividend that we have been promised but not yet received. In an email to FINRA the company is saying that they are ready to distribute the dividend "at this time", as previously communicated.
Huirong Zhang tells me "don't need to worry too much". I think it feels comforting to hear that they are on it as we speak.
So what you are saying is that we from now on are the hostage of FINRA and this could extend up to six months, eight months or even longer?
Yep, TDA didn't accept me as a client, being from an EU-country.
Also, TradeStation didn't allow trading in HERB a few weeks ago. And I don't think that has changed.
I have no idea.I have never communicated with FINRA.
I am not even sure I understand your question...
"Does FINRA reply in the way you seem to assume that they do?"
OK. Then we just have to keep stretching our patience.
Well, it is already two days past the pay date.
"Dear Petrejus (...well...)
Regarding the preferred stock dividend issue, we have been contacting
FINRA for the approval of the preferred shares ASAP, please see the
following email from FINRA
But the FINRA has not yet responded to our final requested letter, and we
will contact the FINRA once again. Thank you for your patience
“Thank you. Your payment has been successfully submitted to FINRA.
Your confirmation number is ####.
You may wish to save your confirmation number for your records.”
Sincerely,
HZ"
Thx. Wonder how long time this will take before we can get the dividend, the spin-off and turn it into cash. It has already taken more than a year -_-
Can you repost what HZ said in his email?
Amateurish is what it is.
They said they'd pay a dividend of preferred shares. They have created a class of preferred shares. Sure, there could be some delays due to FINRA or whatever, but in general I think they are onto it.