Yasheng Group (PK) (HERB) News

@snow there you have it. Escape route taken hand and foot. Now you have given them another week minimum while CITI (if it were true) would have finished it today
Wednesday the latest falling in 24 to 48hrs timeframe.

Yes, Snow. And it takes only a day once I receive the money and then we will be in business

Yes, Snow. And it takes only a day once I receive the money and then we will be in business.

@snow please do NOT create additional escape routes for them. AML was supposedly passed so it should be Wednesday the latest. He claimed those 442 wires were scheduled. 🤔 Let's see what excuses come next.

Below from CITI site.

Citi typically opens accounts within 24 to 48 hours upon completion of the Know Your Customer process and delivery of the correctly completed account opening documentation package

RD I have the ompression that Laxmi was upbeat in his e-mail yesterday about the coming bank account with City-Bank since the hassle regarding anti.laundering measures now seems out of the way and activation of the account can be expected soon. But my impression is that it takes some days to pay more than 400 accuounts. Therefore it now looks most likely that you will recei ve the transfer of money not this week but next week.

We also have an intro page if you scroll down, that tells the story of the asset swap in 2015.
$2.3 billion of assets were swapped out in exchange for roughly the same in high value (cash generating) plantations.
Then they went dark.... the bastards.
Until a couple of years ago when they started filing again.
And now a lot of those assets are gone, as well as all the cash that should have been generated between 2015 and now.
We are talking like 70%+ profit margin on these assets, which is huge. Similar to Nvidia
We don't know what's going on. The company says they have to resolve things (with the Gansu government?).
In the filings they do state they have assets that are off-balance sheet.
They tried special dividends and spin-offs but FINRA didn't allow any of it.
Presumably because the company is keeping the value of the friggin assets hidden from us. So what do you expect...

Just another problematic Chinese company, like so many.
But there could be some very good value here.
If we add all the assets and cash generated then this could be a $20 or $30 stock.
So my belief is that they are keeping > 90% of all assets off-balance sheet.
But we don't know for sure.

The Gansu government can't just rip us off, can they?
That is the big question.

Since you are Chinese, you can probably do some of your own digging for more info.

What really matters here is the connection to the Gansu Provincial government. If you look at the filings, 83% of HERB is owned/controlled by Gansu Yasheng Salt Chemical Industrial Group. Salt Chemical is a subsidiary of Gansu Agricultural Reclamation Group, here is a Chinese article that details the history- https://www.csfmall.cn/brand/show.php?itemid=694. You can do your own research on Salt Chemical and the Gansu government connections.

The company has several things going on, the financials are good, profitable, etc. But there are assets and value currently off balance sheet after the 2015 asset swap that should eventually be resolved. That's what most here are really holding on for, and what RD is seeing as future value. They have tried a few different corporate exercises to distribute value and perhaps execute an exit, but they have not been able to get past FINRA roadblocks. It has been a long wait, but I still believe some form of resolution is coming.

It seems someone has finally had a realization.

Guong I suggest you follow the advice of RD. I often assess matters in a bad way and I am 82 years ago and don't have the energy to help you out.

Perhaps Aandt or MM can help you out. I have explained the story many times but I think I will pass this time. Besides, I have a special interest in the company now 😃. Aandt can actually read Chinese.

SNOW
I am not new to stock but yes I am new here on hub
I would like if you guide me about this or other wonderful projects going on here
I am from china & I got here after doing few research

Guong After checking your posting history my impression is that you are totally new to the stock market. I would therefore suggest that you get some more experience before you make investments. "Alias Born: 11/21/2024 06:12:30 AM )

SNOW
I would love to take risk and RD getting paid in what millions/billions as you're suggesting?

Okay Mr. IF!

The post is stupid because it does not address the issue I raise. It is irrelevant.

I don’t need to revisit your post, and here’s why. Your entire reasoning hinges on a single word IF!

The phrase "If RD becomes a billionaire" makes it clear that your argument is entirely dependent on the hypothetical scenario of RD becoming a billionaire.

And so far we have only been fed lies. So what makes you think you can label SpartyJ's post stupid?

Sparty Your weakness is that you seem unable to understand the logical implications of what you write.

Guong If RD receives a lot of money as early as next week my view is that it is a very good time to invest if you pay 10 cents per share. But there is a real risk that he will not receive the money next week. He himself estimates that there is a 30% risk that he will not receive the money next week and a 70% chance that he will. I have little reason to disagree with that assessment. Even if he does not receive the money next week there But I am far from being risk-averse.

RD That was what I expected. To me a good approach is to sell enough shares to at least have a nice profit. Then any remaining shares will be free. If the published numbers are correct the shares are not expensive even at 50 cents. I have no way to ascertain if the published numbers are correct.

LV You need to read my post at least once more. My post is just simple logic and numbers. I express no opinion on the value of this company. I just pinpoint the logical fallacies of the post I address.

Yes....I am the delusional one. Can't make this stuff up.

Long time ago I was invested in AltairNano (ALTI) in the US. I thought (was certain) they had a superior battery tech using lithium-titanate that could do 30,000 cycles (10x more than other li-ion batteries) and you could fast charge in just 6 minutes. It was a startup company and their battery was perfectly suited for electric buses because it had high power and lower energy density compared to other li-ion batteries. Perfect for electric buses if you charge them every 30 - 60 minutes in route. The battery was also suitable for frequency regulation and perhaps trucks etc.

Anyway, the DOE (Department of Energy) in the US was handing out subsidies at the time and guess what? ALTI got none. Zero. Typical, right. The company struggled because the battery was more expensive obviously and most clients went for cheap. No surprise there either, right?

However, a Chinese company was paying close attention and was very much interested, which also happened to produce electric buses... They had been following (spying on) our message board for years and ended up acquiring 50% of ALTI. We as shareholders weren't happy because the price was not what we had in mind but perhaps the collaboration would still result in big success? Like sacrificing the queen in chess so you can win the game and claim victory.

But they made a mess. Cultural differences and all that. I think they had 6 different CEO's in under a year time. And the company was delisted eventueally and the shares became worthless.

Recently I had a look at that Chinese company. They still mention ALTI on their website and are still using the technology. They had a whopping 12% stake in the Chinese market for electric buses in 2021. Which is a big market there. It was just a startup like ALTI 15 years ago. Of course the ALTI shares are still dead. Deregistered. I have no idea if they are worth anything now.

Why I am telling this?

1) To show you how right you can be, and still not profit from it. You usually never do with startup companies.
2) Because HERB could be a similar story where the shares have no value now, but could be worth a lot later on.
3) Because ITUP will be involved in electric buses. Yes sir. And I told them all about this story and the superior battery tech that exists out there. And they will go for it. Over a 20-year period this battery will be roughly 4x cheaper than what other companies are using.

SIAF should have been a winner as well. But it was mismanaged and always had financing issues. HERB could still be a winner. And ITUP/MyCow probably will be a winner although they will face some struggles ahead, for sure.

Is it right time to invest?

Probably I will take the price up to $0.50 and keep it there throughout 2025. Put in a solid floor. We will see how many shares I can get.

Shareholders here will have to decide what to do at that price. It could be a good exit point for most of your shares. Well, that was the purpose anyway. For all of you to make some money while I take a shot at $10+ at some point in the future.

snow. The stupidity is being displayed by your own response. In the fact that you continue to believe in fairytales.

spartJ "Yes......very promising that a new billionaire will be laying down most of his wealth on another Chinese scam." You demonstrate a surprisingly high degree of stupidity in the above. The float is HERB is roughly 16 million shares. Paying 50 cents for all those shares would cost 8 million dollars. If RD becomes a billionaire 50% of that would mean 500 million dollars. There is a vast gap between 8 million dollars and 500 million dollars. In other words what I quote represents so much nonsense.

So....when you don't get paid next week do you threaten the lawsuit, complain to the board about Laxmi not listening......or pump the company? Asking for a friend.

Yes......very promising that a new billionaire will be laying down most of his wealth on another Chinese scam.

RD That sounds promising to me after waiting for so long.

Perhaps next week. 70% probability IMO.

RD The big question is when you will get paid. It has been dragging on and on for a very long time now.

I will, when I get paid. Not to worry.

Respect for your honesty.
I also note the bid has dropped to .0345, lowest it has been in a long time.
100 shares sale will drop the price to .0345

I'm not at all happy to see this, as I own a good chunk of HERB shares.
I was hoping that RD would come through on his promise that he would be buying HERB big time, but it looks like that is not going to happen, as a result of the failure / fraud at ITUP.

downthehatch I eat humble pie. I forgot to check the chart and I agree with your post. I referred to BDCO.

It's up to .097 on a 100 share trade, after a dump of 160,000 at .04

If you think that's good news, maybe you want to buy my shares at that .097 price--- happy to sell them to you.
And I have no idea what you mean by "the stock I favor"
I'm invested in a dozen or more stocks, some have active ihub boards and some do not.

downthehatch The stock price was up 43% which is normally a good sign when a lot of shares are dumped. In the stock you seem to favor the pps reached its low for several years as far as I remember. That is certainly not a good sign.

Someone- or several someones- dumped over 320,000 shares this morning, before a 100 share buy at .0974. Not a good sign.

Isn't it obvious?

I guess you didn't get paid...

downthehatch

I would expect RD to receive a substantial sum of money soon. If he starts buying hundreds of thousands of shares I would expect the pps to pop.

patiently waiting here for something....anything... to happen.

RD Based on the update today it now looks very likely that you will receive a lot of money next week. If I had had any shares in other companies registered with Charles Schwab I think I would have sold them now after today's update by Laxmi Prasad and bought more shares in this company. I would expect the bid in HERB to uptick before long.

Thanks for sharing. Maybe they will figure it out with FINRA eventually.

I tried my luck too asking about the dividend and this time got a reply after 4-5 days.

Dear M*******s,

we continue to plan to eventually pay a preferred dividend but cannot set
the time yet for the new record date.

Sincerely

Huirong Zhang
Vice President
Yasheng Group



> Dear Sirs,
>
> It has been over a year since the time you said you were planning to give
> your shareholders
> a special dividend.
> I kindly ask you if you have any news or developments about that.
>
> With Respect,
> M*** C****
> Shareholder
>

This week is the final deadline RD. No more delays. No more excuses from your boss.

THIS WEEK!

"Assuming" you get paid? Weren't you that guy that said I didn't know what was going on inside and that the company WOULD proof me wrong?

Have some brass ones and stick to your claim that you ARE sure you will get paid this week.

I know for a fact that you won't!

I'm planning to buy $200,000 worth of HERB stock in the next 4-8 weeks.
Assuming I get paid of course (this week).

Afterwards, at least $50,000 per month depending on cash flow until the share price reaches $0.50, or, I have accumulated 4.99% of the outstanding shares.

Same 💩 different 🚽

Allways. And allways a bigger one.

Always a carrot further out eh?

Between Oct 28 and Nov 1