Replies to post #5406 on YaSheng Group (HERB)

[RealDutch]

To qualify to file a Form 15, a Company currently must either have fewer than 300 shareholders

I looked that up yesterday. They had 346 shareholders of record in 2015. So they had to ditch a few. Although it probably just took a clean-up action of the records at the transfer agent, or whatever. 289 in the latest filing.

Still, Form 15's are for companies who can't pay the bills, usually. Not for companies sitting on a billion dollars in cash. lol. We could sue them for negligence. So there should be something more coming. And there are 2 new filings in the California business register, btw.

[RealDutch]

I don't know about the other filing, but this is the meaningful filing of the two, from April 20th.

https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=02571553-30396619

It does show Robert Cardinal as CFO, who was hired in 2017. The guy, Huirong Zhang, we need to look into, and who also filed the Form 15. But where are all the others? It almost seems like they already split up the company (as I predicted).

[ks1977]

That's an interesting angle. Didn't someone here say that they got a reply from whoever is behind the website, and that this person said there would be a financial filing soon?

An Issuer that files a Form 15 may thereafter file a new Form 10 registration statement subjecting it to the Exchange Act reporting requirements going forward. As with all Form 10 registration statements, the Form 10 will include two years of audited financial statements