Replies to post #8719 on YaSheng Group (HERB)

[snow]

Petrejus Of course it is against the rules not to report everything to the auditor but do companies always act the way they are supposed to when it comes to financials? What do you do when you are in an impossible situation? You may be damned if you state the truth and if you don't. I believe this dilemma has been discussed here before. I have stated before than the way this company has been acted over the last years my definite impression has been that it has not had access to enormous sums of money.

[Chrysanthemis]

For whatever it's worth:
https://www.investopedia.com/terms/o/obsf.asp#:~:text=Off%2Dbalance%20sheet%20financing%20is%20an%20accounting%20practice%20where%20companies,of%20covenants%20from%20being%20breached.

Key takeaway:
"Although it sounds sketchy, off-balance sheet financing is a legitimate and very legal practice."