Replies to post #495 on Hong Yuan Holding Group (HGYN)

[Rawnoc]

Yup, I agree that should last them until operational profitability which they forecast for Q4 -- Q4 begins in a little over 6 weeks. :)

[Helter Skelter]

"They did a $7.5 million offering in June and I know they said they think that is the last they will need before profitability."

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Yes, but be on guard for, potentially, another round. Preferrably at a higher price with the best of terms... :)

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During the quarter, we raised about $7.5 million from
qualified institutions and accredited investors. We are very excited about our
prospects, and this round of financing will assist us in growing our business and
expanding our product lines based on the demand we are experiencing for our
biodegradable, environmentally-friendly resins.