Replies to post #61036 on Hong Yuan Holding Group (HGYN)

[KeepsMeSwingin]

Renee,

Am I wrong in thinking that if Horizon auctions off CERP to a party that is interested in continuing operations, that CERP stock still has value? Or do the shares just evaporate?

[zuniger]

I think what skyline2012 said yesterday that Scheer will find a financier and remove Horizon. This is the final step for CERP.

And today Scheer said in the PR:



The company is "actively negotiating a debtor-in-possession financing from several interested parties," according to the release.

[Hi_Lo]

And why would Scheer file the reverse split just 10 or so days before filing for BK?

It doesn't make sense, unless he knew they would get financing before the BK is finalized?