YaSheng Group (HERB)

[RealDutch]

We have covered this several times. But let me explain one more time.

When corona hit in 2020 I said that this might very well shake things up in China and get the company moving again because they had been dark since 2015. Why? Because the 5 plantations are generating lots of cash flow every year. Over $100M. But the parent company cannot pay out dividends to themselves because they do not own 100%. We own 13%. This could be a problem for them, especially after Corona hit.

And I was right, because a couple of months later they started making changes to the website and giving updates. There were more changes, to the BOD etc. Later came the spin-offs. And they failed several times because FINRA wouldn't allow it. Then came the preferred stock dividend and they failed again several times. And now it's 3 years later.

I warned them, about all of this. I told them they should go private and make an offer for our shares. But for that, they need money out of China.

Management must be as frustrated as we are. About FINRA. About the whole thing. And the parent company probably too. Because they are still stuck, as are we.

This will be resolved, one way or another.