Replies to post #66326 on Hong Yuan Holding Group (HGYN)

[daman45]

Maybe GGII/Hempacco was a bad example. My point was that there were many reverse mergers with legit companies that have taken place just last year, and in the past. HGYN will not be another Hempacco.....we only have 74 milly shares outstanding with over 50 million held by the company. They are not going to reverse split their own shares. No reason to. We have a very small piece of the overall pie here. They would be giving up way more ownership had they done a "proper IPO". They are a multi billion dollar logistics company and do not need to raise capital like other companies that IPO. All Hong Yuan wanted was a U.S. listing.....and they will achieve that with a reverse merger.