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You never know what tomorrow will bring. It's down 2.6% after hours and the news is mostly negative.
What's up with the huge spread? 1.03 or 1.15
I blew that
No 900
3 bucks below times 100=300
I'm happy with watching you for now. It will be years before I try. Paper trading will be great for now.
I plan a slow approach. If it takes me 5 years before I'm comfortable that's fine with me. I feel I learn the best thru experience so following your posts is an excellent way for me to learn.
Thank you sir that's a good explanation. I've started reading but haven't dedicated the time it takes to get thru options for dummies.
I wish I knew more about options. I'm sure this is a dumb question but are you now up .85 a share? How's that work?
I need to get a soccer/football dictionary. So I can keep up with the posts.
I suppose when you drop 50k? on a stock you get a little special treatment. It's still encouraging to see some interest. Big buys on low volume stocks is always exciting.
The party is over someone just pissed on the fire.
I was hoping you did that in pencil.
Dang someone just picked 42,000 in 1 chunk. Thats over 3 times the ten day average volume in 1 poke. Nice!
I'm sad I didn't have money to get some herb in the .40's. I get to paper trade the shit out of it anyways.
They just out out an 8k.
Current Report Filing (8-k)
Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report: October 12, 2015
YaSheng Group
(Name of small business issuer as specified in its charter)
California
000-31899
33-0788293
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification Number)
805 Veterans Blvd., #228
94063
(Address of principal executive offices
(Zip code)
(650) 363-8345
(Issuer’s telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
?
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
?
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
?
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
?
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1
Item 9.01
Financial Statements and Exhibits
(d) Exhibits
99.4 Press release dated October 12, 2015, announcing the Company’s swap transaction.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
YASHENG GROUP
Dated: October 12, 2015
By:
/s/ Mei Ping Wu
Name: Mei Ping Wu
Title: President
2
Exhibit 99.4
Yasheng Group Announces Asset Swap for Premium Value Crops
REDWOOD CITY, CA (Marketwire Oct. 12, 2015) - Yasheng Group (OTCQB: HERB), A China-based agricultural growing Company with U.S. headquarters in Redwood City, California today announced that Yasheng’s principal shareholders holding 90.17% of the outstanding shares of Yasheng Group, took Action by Consent without a Meeting approving the swap between Yasheng Group, Gansu Yasheng Salt Chemical Industrial Group, Gansu Asia-America Trade Co. Ltd and Gansu Yasheng Agro-Industrial and Commerce Group Co. Ltd. pursuant to which Yasheng Group will swap out all of its agricultural properties in exchange for certain long-term lease management rights in agricultural properties held by Gansu Yasheng Agro-Industrial and Commerce Group Co Ltd., our sister company.
A Preliminary Information Statement concerning the swap transaction was filed on October 6, 2015 with the Securities and Exchange Commission, copies of which are available at https://www.sec.gov/Archives/edgar/data/11233121000119983515000456/0001199835-15-000456-index.htm.
The swap out of Yasheng’s existing agricultural assets will be effective 21 days after the final Information Statement is mailed to the Yasheng shareholders. The swap in portion of the transaction is already in effect.
The reason for the swap is that the agricultural properties of our sister company are rich in water resources and more suitable for farming than our properties. Furthermore, the mix of crops grown by our sister company are not as subject to downward price pressures as are our hop and cotton crops because they grow premium-value fruit and vegetables which can be sold at higher prices.
In the swap transaction, we received from our sister company, Gansu Yasheng Agro-Industrial and Commerce Co. Ltd, the long term lease management rights until 2039 of 76,557 mu (12,633 acres) of land in Taizhou City, Zhejiang Province, PRC, among which are: 24,300 mu (4,010 acres) of a broccoli plantation, 18,000 mu (2,970 acres) of a moso bamboo and bamboo shoot plantation, 25,200 mu (4,158 acres) of tangerine plantations, and 9,057 mu (1,495 acres) of a waxberry plantation.
Financial Terms of Swap
The swap of assets will be a non-currency transaction executed between Yasheng Group and our sister company whereby we swap our farmlands for those managed by our sister company Gansu Yasheng Agro-Industrial and Commerce Group Co., Ltd.
1
SUMMARY COMPARISONS
as of DECEMBER 31, 2014
Our Existing Balance Sheet
Our Pro-Forma Balance Sheet after the Swap
Total Equity & Liabilities: $2,480,030,368
$2,454,376,988
Our Existing Statement of Operations
for Year Ended December 2014
Our Pro-Forma Statement of Operation after the Swap for Year Ended December 2014
Net Income: $138,935,086
$224,992,008 Pro Forma as if swap in effect for year ended December 2014
Our Existing Net Income Per Share:$0.90 based on shares outstanding per 2014 10-K
$1.45 Pro Forma net income per share as if swap in effect for year ended December 2014, based on shares outstanding per 2014 10-K
Chairman Ye Dong commenting on the swap said, “The new crops being swapped in will enable Yasheng to conduct high-efficiency agricultural operations in Southeast China. The new crops which we will be growing are all of premium value, and as a result should position Yasheng for future profitable growth.” Please visit our website, www.yashgenggroup.com and register to receive future press releases directly.
Safe Harbor Statement
Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties such as expectations of future growth and profits. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are discussed in the company’s various filings with the Securities and Exchange Commission. The company assumes no obligation to update these forward-looking statements. All information concerning the swap transaction are summaries of the more complete disclosures in the Information Statement referenced above and are qualified by the Information Statement.
2
So who dropped twenty plus grand on nuin today?
It's funny but I've made my best returns on that turd. It's easy for a newbie too Ihub to get caught up in crap like that.
I'm almost too embarrassed to say. Also don't want anyone to get any bad ideas and lose money. But it's Himr they sell unicorn wood from Panama. It's been run/diluted to death by a couple of bozo's and now the original scammer that started the company is back in charge so I fully expect to see it run up a few more times before he rs's again. I'm in it for a .0001 to .0002 double. I have $80 I can live without if I get caught without a chair.
Your right about Cccl. I just looked at the tape. Solid buying right up till close. Heck we even hit a dollar today. Now I need my nasty little penny scam to payout and things will be looking real nice.
Both nuin and Cccl turned green for me today. I have a big hairy lip kiss for the artist that painted Cccl at eod.
What is the catalyst?
Interesting to see what tomorrow and Friday bring. Nuin is also been green for me lately.
Is it just me or is this being manipulated to make the chart look good? It seems to get just the right help at eod
She lives near a potential site and most likely doesn't want to live next to such a facility.
That's enough to last forever.. Provided they do not buy anything.
We have free school shootings. Christians only tho.
1.30 seems to be their new bottom.
How many here would bail Monday if this were to rocket to .40? I would only have a small portion left if such a spike were to occur.
Thanks Ron
The two?'s at the end was a smiley face turd emoticon. I did find your comment funny.
You tell us Ronald? ??
Why in the world did the dodge's deal with pacific/global/Yotty in the first place?
Orange County Man Pleads Guilty in Two-Pronged Ponzi Scheme That Cause Scores of Investors to Lose More Than $14 Million
U.S. Attorney’s Office
August 24, 2015
Central District of California
(213) 894-2434
LOS ANGELES—An Orange County man who operated a Ponzi scheme that featured false promises of large returns to victims who invested in debt obligations and distressed real estate pleaded guilty today to federal mail fraud and wire fraud charges.
William Donnelly Yotty, 69, who currently resides in Monarch Beach, but during the course of the scheme lived in Lodi, California, pleaded guilty to the two felony counts before United States District Judge Margaret M. Morrow.
Yotty, who has been held without bond since being arrested in this case in May 2014, faces a statutory maximum sentence of 40 years in federal prison when he is sentenced by Judge Morrow on November 23.
In a plea agreement filed last week in United States District Court, Yotty admitted that he ran several Lodi-based companies that offered bogus investments in corporate debt obligations and in distressed real estate that he and his salespeople said could be “flipped” for substantial profit.
In the first scheme, which ran from the spring of 2007 through 2009, Yotty and his associates “offered victims investments in convertible debentures (CDs), promissory notes and other financial instruments that defendant falsely and fraudulently represented and promised were safe and secure and would pay substantial interest,” according to the plea agreement. Using companies he operated under the names Global Capital Associates, Inc.; Infostar Systems, Inc.; Pacific Financial Solutions, Inc.; and The Money People, Inc., Yotty solicited money from victims by promising annual interest rates as high as 25 percent. Yotty and salesmen working for him told prospective investors that the companies issuing the debt had sufficient income to pay the promised interest on the investments, and that the capital investment would be returned when the notes matured.
“In fact, as defendant then well knew, the returns were not guaranteed and the investors’ principal was not secure because the only way defendant could fund the ‘interest’ payments he promised to investors was with other investors’ money,” Yotty admitted in his plea agreement.
In the second scheme, which was run through a company he called Fortuno, Inc. and took place during roughly the same time at the first scheme, Yotty offered victims the opportunity to purchase foreclosed real estate at below-market prices, which would allow them to resell, or “flip,” the properties at two or three times their purchase price. In fact, Yotty himself was flipping the properties to the investors at substantial profits for himself. Yotty concealed from the investors that the price they were paying for the properties was double or triple what Fortuno had paid, and that this inflated price would prevent the victims from realizing any profit of their own. As a further inducement to invest in Fortuno, Yotty and his salespeople also falsely promised victims that the properties were in livable condition and that Fortuno would manage the properties until the promised resale.
Yotty and others involved in the scheme raised more than $10 million in the debt obligation scheme, and more than $6 million in the real estate flipping scheme. When the schemes collapsed, approximately 240 investors lost over $14 million.
The investigation into Yotty’s Ponzi scheme was conducted by the Federal Bureau of Investigation.
This content has been reproduced from its original source.
The trust mastermind finally got some comeuppance. I wonder how gpsi debt from a scammer like him a can still be valid. Gpsi shouldn't owe global capital anything related to his scams.
https://www.fbi.gov/losangeles/press-releases/2015/orange-county-man-pleads-guilty-in-two-pronged-ponzi-scheme-that-cause-scores-of-investors-to-lose-more-than-14-million
I don't have private message anymore. Yotty is a low life scumbag. I hope the people he scammed invest a little more money to have him raped in prison.
Too bad we'd never know. Damn dodges.
Easy to do with low volumes.
Swede sounds dangerous.
I'd Lucky to rub two nickels together.