Replies to post #8135 on YaSheng Group (HERB)

[aandt]

Agreed, not sure what else they can do. From the sounds of it (referring to the recent email from today), they are responding to FINRA's requests and have made required payments. This is a FINRA problem and not a company/management problem IMO.

[Petrejus]

OK. Then we just have to keep stretching our patience.

[RealDutch]

So the outcome seems to be now that either

1) FINRA will process the dividend. In which case there will be no ex-date. In which case they will use the record date. In which case we all qualified for the dividend a long time ago (60% IMO), or
2) The dividend will be denied by FINRA (40% IMO)

Is there ANY broker left for Europeans currently where they can purchase HERB? Because I can't think of one. TDA doesn't allow European customers, right?

Might still be worth the trouble to open an account somewhere if scenario 2 plays out.
Now that some of us are making some really good money on another stock...
Alternatively I could just send a friend the money and have him buy some HERB for me in his account. Although there will be capital gains tax to pay but who cares anyway if HERB is worth $15.

And so, the developments elsewhere might be more important than I thought.

[Petrejus]

So what you are saying is that we from now on are the hostage of FINRA and this could extend up to six months, eight months or even longer?

... it takes some of these companies half a year and longer ...