Hong Yuan Holding Group (HGYN)

[N4longterm]

According to the 8k, the RS will be effective Feb 21st. Not sure whether that means at open or at close, we just need to keep checking the 'Daily List' here.

http://www.otcbb.com/AllDailyList/

Any shares purchased prior to the time it goes into effect will be split. Usually it takes approximately 20 trading days to process the old shares into new ones, so most of the split shares will not be trade-able until around March 21st. (There are a few brokers that will let you trade them, but according to FINRA, they are not supposed to.) Of course the new shares can be bought and sold immediately, that is why most traders avoid buying pre-split because they will have to sit and watch the action unless they have cash available to buy new shares after the RS. The first few days will be very volatile and some good money can be made if you are very quick and not greedy. But this is also when the share price will take a big hit, I will be surprised if the SP doesn't lose 30-50 percent in those weeks.

GLTA