Saturday, January 16, 2016 1:57:08 AM
Page 58 DEFM14C
http://www.sec.gov/Archives/edgar/data/1123312/000119983515000565/yasheng_defm14c-16686.htm
Dividends paid $139,821,705.27
Or $0.89 per share
That's basically money transferred to the parent company. That's free cash flow.
The company has 3 options going forward
A) Do the same
B) Reduce dividends
C) No dividends
If it's A) or B) then the shareholders will get their share. Up to $0.89 per share. But 90% of that cash will flow to the parent because 90% of the stock is owned by the parent.
If it's A) or B) and the parent needs the money for some reason, then the stock will surge.
The market seems to be 100% convinced it will be C) apparently. But then again, the market ain't too bright.
Here comes the ironic part. Suppose it's C). Then 90% of that cash will NOT flow to the parent. It will be available for growth/investments. Which should be a good thing for the shareholders. But the market doesn't think so. Not yet anyway.
$140M of free cash flow every year, worst case, and nobody seems to be able to get the message across. Not even the company.
Anyway, this is what the company had to say about paying dividends.
Recent HERB News
- Form C-AR - Annual Report • Edgar (US Regulatory) • 02/26/2024 01:00:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 08:51:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/14/2023 07:00:08 PM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM