Replies to post #66156 on Hong Yuan Holding Group (HGYN)

[trader59]

Ok, so it was the truth on 5/19, less than 2 months ago.

This statement was true on that date:

No potential merger candidate has been identified at this time.

And so was this one:

We believe we are an insignificant participant among the firms which engage in the acquisition of business opportunities. There are many established venture capital and financial concerns that have significantly greater financial and personnel resources and technical expertise than we have. In view of our limited financial resources and limited management availability, we will continue to be at a significant competitive disadvantage compared to our competitors.