Replies to post #20390 on Hong Yuan Holding Group (HGYN)

[Dr PennyStock]

They talked about that, they said it was to spare costs.

[Whale Gunna]

because they were a nothing company back then... have you seen all the news from Italy, and India... this company is destined to grow over time so it be wise of them to get back in the nasdaq

[flattire69]

Hard to argue with logic, lol, but some will try. The company voted on this same thing back in December and the vote passed. The company decided against effecting the r/s. The only reason I see for trying to increase the AS would be for things such as the recently announced subsidiary Algaeplast and any possible mergers, jv's, acquisitions, etc..

[Jommeke]

Perhaps they could not dilute on Nasdaq?

[mkendra]

They don't meet the market cap requirements to qualify for nasdaq, even if the rs is executed.