Replies to post #41612 on Hong Yuan Holding Group (HGYN)

[Bsav88atty]

Here is what Frederic said about India during the Q1 CC:

The Supreme Court of India is moving towards [turn the] legislation to control the country’s plastic population problem. We have begun receiving orders and payment for compostable 3002 for the manufacture of single-use bags and expect to receive more orders for this material in the near future. However, we do not anticipate any meaningful revenue from India for another two months. It is clearly a large market, but our expectation should be realistic and we believe that with the support of our technical team in India several sales will be completed this year. But their magnitude will be relative to our investment in time, money and manpower in the country.