Hong Yuan Holding Group (HGYN)

[zuniger]

Thanks sky, I also think Scheer has someting big planned, email me. later

Cereplast is not officially in Chapter 11 yet, alot of documents still need to be givent to court.

Please read this satement in the PR carefully : Read the Red color i highlighted, they have filed, just filed, does not mean they are in chapter 11 yet.

today announced that the Company has filed voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Indiana. The Company has taken this action to strengthen its balance sheet, clean up its capitalization structure and gain financial flexibility as it continues to realign its operations. The Company intends to continue to operate during the reorganization process.

I think This R/S is used to get pull out from this BK filing and get on with the show. They had to make public that they filed for bk chap 11 since its publicly traded company. They need to file bk to stop horizon from auction their assets.

NOw you see they have received 1 mil and i know they have some cash in hand that they will use to pay of horizon and get back into the game and most likely chap 11 wont be required.

Something is brewing here bro


Dalamar I will explain my best here:

Currenlty Chapter 11 is not final and Judge will still decide

another 8k out now , Cerp to receive 1 million dollar in agreement.

I could be wrong , but from what I think Cerp will use the R/S to get out form this BK chap 11.

I do not know what is going on but here are few examples below of other companies.

Cerp is receving financing as you see now.


A company in 2003: Used Reverse stock split to exit from BK


COMPANY NEWS; FAO PLANS REVERSE STOCK SPLIT ON EXIT FROM BANKRUPTCY


Published: April 23, 2003

FAO, which operates the F. A. O. Schwarz and Zany Brainy toy-store chains, said it was preparing a reverse stock split as part of its exit from bankruptcy protection. Shareholders will receive one new share for each batch of 15 shares they already hold, FAO said. FAO is scheduled to complete its bankruptcy reorganization today after receiving $30 million in financing from Kayne Anderson Capital Advisors.

another example:

William Lyon Homes, a builder that emerged from bankruptcy last year, fell in New York trading after a public share sale and reverse stock split.

The homebuilder, which had traded over the counter, and an existing investor sold 8.7 million shares yesterday for $25 apiece. That exceeded the $22 to $24 a share the Newport Beach, California-based company initially expected to receive.


another example:

Looking at the companies that initiated reverse stock splits back to 1989 shows some instances of big returns. The biggest winner in that time was NVR, which CEO Dwight Schar pulled out of bankruptcy with a reverse stock split in 1993