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Administradora de Fondos de Pensiones Provida S.A. Message Board

artif 8 posts  |  Last Activity: Apr 18, 2014 8:28 AM Member since: Dec 1, 1997
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  • Reply to

    Revenues Break One Billion!

    by youresomoney Apr 17, 2014 3:14 AM
    artif artif Apr 18, 2014 8:28 AM Flag

    Glebe, I remember you posting here years ago. You must remember when
    Yasheng Group's press releases and financial statements referenced its controlled
    subsidiary, Gansu YaSheng Industrial. They claimed to own 364.99 million shares
    of that company listed on the Shanghai stock exchange. (See 600108.SS.)
    But then, in 2010 Yasheng Group rewrote all of their old financial statements and 600108.SS
    was no longer mentioned. How can a 365*6.9/6.22 = $404 million (at current share price)
    asset just vanish without explanation? My guess is that Yasheng Group, headquartered
    in Redwood City, California, has never had any legally enforceable ownership of any Chinese assets. Not the shares of Gansu YaSheng Industrial, and not the big farm in Gansu. HERB
    is just a shell with no assets. Zip. Nada. Zilch. I think HERB is a complete fraud.

  • Reply to

    The company is making up its financial statements

    by ilovethl Mar 29, 2014 3:23 PM
    artif artif Mar 29, 2014 9:23 PM Flag

    Yep. Not only do they fabricate their financial statements. But also, they are really bad at it. Back about 5 years ago,
    I noticed that the total sales and total expenses were the same several years running out to the fourth decimal place.
    And these numbers were being reported in dollars during a period when then exchange rate had moved over 10%.
    (Obviously almost all of their business in conducted in renminbi.)
    The numbers were as likely as throwing 4 pennies up in the air and having them all land touching each other.
    The person fabricating the numbers had no sense of what was plausible.
    There's also the 2009 near purchase of Yasheng Group by a company with no assets - Yasheng ECO-Trade – YASH.
    And what ever happened to the 40% controlling interest Yasheng Group used to report they owned of Shanghai listed GANSU YASHENG INDL 'A'CNY1 (600108.SS)? That was why I bought YHGG (now HERB) in the first place. In retrospect, that purchase was idiotic. I didn't do nearly enough research. And a few years later Gansu Yasheng Industrial vanished from Yasheng Group's statements without explanation. But I lucked out and disposed of my last shares during the recent marijuana frenzy.

  • Reply to

    drop on qrtly report

    by dpreim Mar 28, 2014 1:49 PM
    artif artif Mar 28, 2014 6:40 PM Flag

    Great question! I follow them to try and learn how they work. Possibly I'll
    learn to sniff out other frauds. In many situations there is a
    legit business with a fraud component to make the business appear more
    valuable. But, any element of fraud is a good reason to stay away.

  • Reply to

    Penny-Stocks Article

    by artif Mar 17, 2014 2:10 PM
    artif artif Mar 17, 2014 2:11 PM Flag

    How did the posters on this board first learn of HERB?


  • Reply to

    been dumping

    by artif Mar 11, 2014 10:00 AM
    artif artif Mar 11, 2014 7:13 PM Flag

    I've certainly done many idiotic things in my life. But,
    shouldn't you be thanking me for my shares, and I thanking
    you for your money?

  • from over 150,000 shares Feb 25 to 13,000 now. Very surprised that this latest runup

  • Reply to


    by dpreim Feb 28, 2014 10:33 AM
    artif artif Feb 28, 2014 10:47 AM Flag

    Yep, you did post warnings. And you were right.

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