Hong Yuan Holding Group (HGYN)

[Shaka_Zulu]

Doji - i was simply pointing out that the senior loan they entered into with Wells Fargo a 7% has now come back to haunt them - the latest 8K indicated they can't make interest payments, about 300k per quarter... 600k now late starting from JUNE. Of the 12.5 million loaned, they still have 10 Mill left (be it through 2016) that is added stress to the already accounts outstanding they are in the midst of collecting.

CFO stated 20-30 million shares to be added by the end of the first quarter - YES there is dilution going on - the faucet is still dripping, just not as much from recent weeks. conversion is moving target depending on when the holder want to cash in...and let me tell you they are cash in..

Their Italy plant should have started ramping Q4 of 2012, plus India...

CEO may speak 4 different languages, but he clearly does not know the language of finance, the interim CFO is just mopping up the mess.

damaged goods...until a press release put out

g