Replies to post #61290 on Hong Yuan Holding Group (HGYN)

[PlayInTheGreen]

Swingin: they can take years, IMO this is not the company you want to invest in at this time; or any company in BK for that matter.

[N4longterm]

Generally speaking, there is no way to know.

However, since Horizon has filed to force a chapter 7 liquidation, as the only secured creditor, the judge is required to rule on their motion before going forward with anything else. I would be surprised if doesn't rule on it by Friday.

As to the earlier discussions concerning the RS:
IMO, the only way there will be a RS now is if it is court ordered. And the court is not restricted by the shareholder approval of 50:1, they can order any ratio they want. The way I see it, that is the ONLY WAY current shareholders have a chance to take part in any ongoing concern with Cereplast the company. But that won't happen unless FS can show substantial in hand contracts. None of this $1.4 million over 12 months, I'm talking minimum $2 million each & every month, for over 2 years.

GLTA