YaSheng Group (HERB)

[aandt]

I don't believe the shares will stop trading, I am seeing quite a few companies that have filed form 15 still trading many months later on OTC with a stop sign. I believe any reference to "stop trading" means they no longer trade on a listed exchange (if they were) but they move to Pink sheets. HERB is already there, so no change.

Also I think it is important to note that HERB filed form 15-12G they did not file form 15-12B. There are differences.


15-12B seems to be for going dark entirely https://www.investopedia.com/terms/s/sec-form-15-12b.asp

This form is used when a company goes private and must register existing securities.

15-12G seems to indicate suspension of filing reporting duties, among other things.

https://www.investopedia.com/terms/s/sec-form-15-12g.asp

The Form allows issuers to seek termination of a registered security class or suspension of duty for filing SEC mandated reports.

I looked up the archives of 15-12G filings and looked into a few of them. I went back into 2020 to see what has happened between when they filed and now. All the ones I looked at are still trading. Some haven't filed anything since but are still trading. Here is what I used to search the SEC archives - https://www.sec.gov/edgar/search/#/category=custom&forms=15-12G

A few that I looked at have switched to OTC disclosure and started filing there and are now current. Here is one example- https://www.otcmarkets.com/stock/SNNC/disclosure

So we will see what comes next. But in my opinion, we are seeing the first step of a plan with more actions to come. We also are seeing activity in their California registration, which would indicate they are doing something with the company.