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Might have missed it in the small print, but when are these being issued?
An interesting search on Google tells us that it takes only 60 days for Hemp plants to grow to the point of harvest. So a first harvest can happen by August. I don't know how long the processing takes but that shouldn't be a long process. Test market sales could begin by September.
These cases can drag on for months between hearings. And I to am curious as to the schedule of the next hearing. I remember some time back that hearing dates were published but I don't have time to go back and search. There was a resent court appearance regarding a dismissal of the case, and again I haven't heard of it having been done or continued. Into the mix is the NASDAQ delisting issues. Last report here is that YRIV has appealed to stay the delist while there is the litigation in civil court.
So just hoping and wishing some news comes out soon like everyone else here.
Let's all hope and pray it doesn't go that low. Past rescent history shows it held around $0.35, so that's what I base my outlook on but, we all know, it can get worse. Still would like to hear about the court case update and NASDAQ issues.
I've been holding my breath, waiting for YRIV to make that turn and regain some lost value. That said, several previous support levels have failed and although I planned to put a little more into the pot at around the $0.50 point, I was actually away when that level failed. Today, after giving a longer look at the direction the price has been taking, I personally have decided to wait.
Honestly, $0.35 is a place we could see again. Tomorrow, unless some special news comes out, I expect the price to break $0.40.
One of the people here asked about the next court hearing,,,??? I have lost track of the appeal with NASDAQ delisting also. If anyone has some current information, I would guess that the rest of us would welcome the update.
I am staying away from the controversy of ICNB being real or scam bs, but from the price action and support resistance issue. It is looking more like $1.67 is the ceiling/floor to get past. Eventually the investing public will either decide to buy in or pass it up, there are now so many producers of CBD that competition is fierce.
I do so pray your right, and the rumors are shining on us for once.
I don't expect any rebound until there is a notice that NASDAQ has stayed the delisting. If in fact, as one of us here remarked, there is a 180 day delay from a few days ago before it goes into affect, that's great. I am under the impression though that the clock started several months ago when the price broke the $1.00 threshold. Now they have the appeal to "Stay " the delist until their court hearings progress through the system. If they are in fact for real, then perhaps they will be given some considerations. Time will tell and we will all see what happens.
This is the latest information that I have received from Benzinga:
A Yangtze River Port and Logistics (NASDAQ:YRIV) 8-K shows the company has received a delisting notice from Nasdaq following accusations it "participated in a scheme to artificially support its stock price.”
Yangtze River Port and Logistics also "made false and misleading statements in its press releases" according to the filing.
Yangtze River Port and Logistics vigorously denies the allegations made by the staff and has appealed the staff's determination to a hearings panel.
Yangtze River Port and Logistics shares traded down 20.6 percent to 65 cents in Wednesday's pre-market session.
Copyright �� Benzinga. All rights reserved. Write to editorial@benzinga.com with any questions about this content. Benzinga does not provide investment advice
SO sadly, the clock on YRIV's delinquency below NASDAQ's $1.00 minimum listing requirement has reached a point of contention between the two. So panic selling took over after hours, even though some people were feeling optimistic over the coming legal event. Now YRIV is fighting the NASDAQ and asking to, "stay", the delisting until their legal case moves through the courts to fruition.
I personally can't even imagine how this will play out. But if YRIV has a winning argument, I would expect a positive reaction. If they lose and are delisted, then I can't see the bottom.
As much as I love technical analysis of charts, I don't see that change in the charts and believe me I wish it would. But realistically, the closest reasonable expectation is a positive result for YRIV in the next court hearing.
I would like to see the price start to level out then perhaps your golden cross. Quite actually the chart is showing the opposite expectation, sentiment isn't positive. There are many dynamics in play here though and any one of them, changing, could turn this price around. Heck, market manipulation could be in play and if this gets back to $0.50 I might buy more.
JMPO, I can see a favorable outcome for YRIV in the next hearing in court. But that will automatically push the calendar out into the future with an uncertain timetable. I say this because each side will find one reason or another to object to something, and until the judge finally gets tired of the dance and stops the games future hearing dates will slip. So even though a following hearing may be on the books, those future dates are always tenuous with much uncertainty.
Well, just looking at the stock from my position, I see support at $0.80, but resistance is setting in at $0.95. Like an earlier post stated though, and I believe it to be true, the closer to the June hearing we get, the higher the price will go. From what I have read, the law suit has merit, the company is involved in shipping facilities in China and only a portion of its business will involve the US. I don't expect a rapid rise to any previous numbers, the court case will drag on and the building of business will not happen over night. That said, things should pick up as we hear from the next Court appearance.
Price is holding up, which it should. The trade talks today really won't affect this company in any meaningful way since YRIV still doesn't have facilities built and being utilized to the planned degree. By the time trade issues are resolved, the legal issue should be settled and hopefully that will be done long before "One Road" plans are in full affect. Then the hub planned by YRIV will evolve as China's trade plans evolve and that doesn't mean the USA is the only player. There is half a world to the west that China is trying very hard to reconnect with. The only question here is, "Is YRIV for real", and we'll see that answered in court.
Yes they were deficient and then regained their status. This is new as of today. The clock is reset and so long as they can get back above $1.00 they will not suffer delisting. The company has quite a bit of time if they don't immediately regain the dollar price point. But an investor has to be cognizant of the issue, and the law suit can drag on before resolution.
The friend here publishing the construction info obviously is showing that the company is moving forward regardless of the law suit. And it certainly adds to the companies validation of being a part of China's planned trade growth. With all of the Segway's to the forward looking path, who knows what change in the price will take place tomorrow, the excitement of being a trader.
A bigger problem that may keep the price depressed is the NASDAQ delisting issue. This morning a I noticed a "D" next to YRIV on one of my trading plate forms. A few days ago one of the people here mentioned the problem being under the NASDAQ $1.00 minimum rule. So a little research I found this information which insinuates TRIV has at least 180 days to correct.
" Deficiency Notice Triggers
Failure of a company to meet a minimum closing bid price of at least $1 for 30 consecutive trading days can trigger delisting. When this happens Nasdaq issues a deficiency notice to the company. Another action that brings a deficiency notice is a company's failure to file periodic reports by dates specified by the Securities and Exchange Commission.
Receipt of Deficiency Notice
Any Nasdaq company receiving a deficiency notice has four business days to file an 8-K form with the SEC or to issue a press release to announce the notice. However, reporting failures require a company-issued press release. The company must provide the deficiency notice’s receipt date, unmet listing requirements, and action plan. The company must send a copy to Nasdaq before issuing the press release.
Return to Compliance
After receiving a deficiency notice, a company has 180 calendar days to return to compliance. A company warned about its shares' minimum bid price must achieve a closing price of $1 or more for 10 consecutive trading days during this period. Report-filing offenders must file the required reports, and then must file subsequent reports by the due dates."
Well the morning was exciting but sanity has returned since President Trump won't pull the trigger until Friday if talks break down, which start on Wednesday.
Doubt it but who knows. Rarely do things go as planned and with government, everything slows down. But let's hope your right, I hope your right.
If you consider a neutral sum gain for the 10Q then it seems to me that the next chance for a positive effect on the share price will the next court hearing. Or a great PR about the company's progress on property development or potential customer contracts.
If they have been selling shares into the float lately at a conservative $0.85 then they're looking at about $85m which will give them only about 2, maybe 3 years of operations sans any income. And I pray this doesn't drive the share price lower. I did notice this week a number of very large buys come through at the area the price is sitting at right now. S0 the company is definitely reaching a make or break point. But there is still time if the governments come to agreement. Hopefully over the next few weeks we hear how negotiations are going between the US and China.
The outlook down the road is still uncertain since China is still trying to sell its self to the world. Trade competition between countries is intense and I actually don't think the US is excited that China wants to be a bigger player on the world scene. But still, the US is a major player in China's trade and I would guess as China grows in influence and concentrates distribution through its One Road concept, YRIV is in a good place if they can hold out long enough for One Road to coalesce.
A pending RS generally isn't a good thing for small investors nor any investor if the company can't follow through and financially keep up with the changing pace of the governments schedule. It sounds like YRIV will be in place next year to be able to provide their full services to shipping companies that will interchange through the port. The question remains, will China have put together the infrastructure to connect all the countries they are trying to trade with on the scale they anticipate in the near future.
An increase of 100m more shares isn't too excessive for a company with a relatively low OS, if its operation is bringing in income and can see increasing revenue in the near term. So, not withstanding the law suit, regardless of its validity or not, and YRIV has location, the money has to start flowing too,,,soon!
I note a couple things that are positive with the 10Q. Not in any particular order but the things I see for one, that the report was published. There are hundreds of millions of dollars involved, if this is a scam to make a couple bucks off of some ignorant investors, their spending a whole lot more then they will ever make with a scam. This report speaks to property rental and ownership and its buildup for the expected trade zone enterprise. Fees are being paid as are taxes. there is limited income. Outstanding shares are not unreasonable for a company of this potential size. It certainly doesn't appear that this report wasn't plagiarized from some one else's report. Even to generate it in a one room office would be difficult to accomplish and if so done the SEC, FBI and DOJ will be descending down on the perps any second.
I see a very professionally completed report here and I will admit I did not see the 10K, but I can imagine the same accountants completed this report. The company appears to have cash but is spending a lot of money on the infrastructure and I note there appears to be some cost cutting measures taking place.
So,,, JMHO, I'm just an old investor here. Ya'll are welcome to show me the errors of my ways.
HA HA HA HA, at least the retracement wasn't as bad as it could have been. I expect Monday will be down like most Mondays on no news. If any news on a trade deal comes out, perhaps a pop up. But until any news on the hearing next month, hopefully we'll stay flat at this level and build a base.
I want my $2.00 ! Or more, HA HA HA HA.
Wow, nice pop and I hope this has positive follow through and not just a Dead Cat Bounce, time will tell.
LOL. I'm just sayin'. watch what's going on. This is what it looks like to me. Not my first rodeo and until it turns, we may go a lot lower due to the legal issues. $0.35 to 0.40 area held and if it goes there I will probably add there myself. From what I see, this company has open property that can quickly become a viable transit point in China's One Road program. As an investor, I'm looking for potential growth and it looks promising. An apartment as a business office in New York to get mail, so what? Acres of accessible ground at a crossroad to many destinations is important. Right now short sellers have made their millions, but if this is a "For Real" company, and they can prove it in court, the price of the stock today will be no bigger then the end of this sentence .
Since $0.78 held so strong until the last hour, with many large buy orders filled, I expected an afternoon recovery. Now I am thinking this will go lower through the next several days. We may see the $0.40's soon. There has been a continuous down trend that I ignored starting back on 4-14 and the velocity shows no direction change yet.
A quick look back on the daily chart shows the next support is around $0.65. Obviously we are now in a down trend going into the days before the next hearing. At last check there was 2.25m shares short. At least their making money.
PLEASE, SAY IT ISN'T SO !
Just an observation, but it seems to be finding support at $1.00. I suspect it will be here for several days, possibly weeks due to the court schedule or news or PR's.
Quickly read through the 10K and besides the disappointing numbers, one thing I didn't see, perhaps I missed it or it isn't something required, was mention of specific income sources or quantities sold to distributors. What impact is LCBO or other international entities and regional USA distribution? When do we see, if ever, the flow of product? Are these details reserved for 8K's?
So CEO invests $305,000 of his own money in the company, you would think he knows something. Perhaps a bright future! Sadly this lawsuit is hanging over everyone's head. Regardless of is validity, and the predictable Hudson 2 step by the defendants to delay and postpone the hearings, we aren't moving very fast. Plus, if there are shorter's working this stock, they will continue with their efforts to suppress the price. A squeeze would be fun to watch.
Spike afterhours on news, Chairman LIU buys 282K @1.08.
Just my opinion, of course the Judge has control and he know much more then we do. My relationship to courts spans many contentious years in a divorce. That said, Judges are sympathetic to give relief and extend any reasonable request. So it's logical that this Judge will grant relief. However, defendants were happy to agree to the time table set by the court when this all began.
Obviously, these defends have not just clean but sterilized hands and YRIV is just out to make some easy money off of some poor victim. And, they won't say anything incriminating themselves and I expect the dates to slip. Defense has a right to be prepared, but they did give the plaintiff all of the things that they will have to prove.
If YRIV is an actual functioning company and they have found connections with parties and the plaintiff with the intent of destroying a normal established company like Naked Short Sellers did to Overstock, then a win here can happen. OSTK spent tons of money and years to litigate, but they were the victim. And they won.
Over the last several days, $1.75 has become a level of resistance. If the price does break out, those prognosticating $2 could happen quickly.
I think your right. I expect Monday as usual will be slow and hope to pick up around $1. It will drift again before the 15th hearing. Others state they haven't seen anything to break their optimism and I believe them. But I have no need to worry over the weekend. Took my profit and am happy.
I'm out , will come back Monday.
Of course we're all curious to know as to when the hearing will end and the resulting order. I researched the documents and found the hearing was scheduled for 0930 am so, expecting a lot of push back from both sides and the millions of $$$$ involved, expect a couple hours before we hear anything. But motions to dismiss are generally denied due to the complaint. If it was frivolous perhaps it would be dismissed as the plaintiff Hindenburg would have cause. But they are on the hook for big dollars so they obviously don't want to proceed. YRIV may be what they say they or maybe not, but that won't be heard today. They are only wanting to present their side which would be heard at the future hearing. That most likely will then be pushed down the road by Hindenburg because they'd rather take as much time as they can before appearing.
My experience and opinion, around any , "Motion to dismiss", is that the injured party will get their time in court. The Motion will be denied.
An interesting close. The morning retracement was $1.55 and this afternoon tested it. Looks like a lot of people bailed out on expected news of the hearing. But still a great green day. My take on near term resistance is at $1.70 even though we broke through nicely twice and tested the $2 area. With positive or at least no negative news tomorrow, those expecting 2+ may get their wish. GLTA.
A concern is regarding the convoluted, truncated agreements between agencies across many countries. Licensing can be complicated but a Chinese company in China seems to be going around the world to come back home. So please educate me what is their need to implicate so many out of region companies or groups that is located within China, concerning a Chinese trade plan??? This is the biggest issue that I worry about. Anyone, please enlighten me. I really would like to know. I'm just a trader, but some of you are investors.
Well actually I have no argument for your opinion. I personally would like to see it go there tomorrow. But, we all know it'll be into May at the earliest, when anything important, short of opposition capitulating, will happen. Now there will be insiders who will have a sense of the direction of the case, and there can be some indications which are a tell of their sentiment. Volume, and price. This stock has an overwhelming history in the $12-14 area. Positive volume will be a telltale indication of insider sentiment. I need 1, would like 5 but would be ecstatic with 8 to 10.
JMHO !
Seems to me, we all have a different perspective on where this thing is going. And depends on personal motive, the remarks reflect your prejudice. I have to think positive because I refuse to believe Rich is running a scam. A business man who has had a lot of bad decisions haunting his past, yep. And the last couple years have been rocky. He's spent a lot of money to try to make some. But these latest PR's and the new pic's allegedly coming from the conference show us, we don't have a clue what things are in the pipeline for ICNB. Just sayin'.