YaSheng Group (HERB)

[Petrejus]

That is a thought that crossed my mind too, when I tried to figure out why they are offering people 20 cents for a $30 stock.

A bit like when a flight is overbooked. They offer people money to take a later flight and by gradually raising the bid, someone eventually takes the plunge and voilá - overbooked no more.

20 cents is massive compared to the current price when they filed the stock repurchase program. But it is pretty far from the $30/share worth of assets they are hiding "off the balance sheet".

Perhaps they are trying to shake loose weak hands. Better to buy up shares on the cheap now before having to pay what the shares are worth down the road.