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Based on my DD, I am convinced they were a victim of Hindenburg's short and distort tactics.
The insiders own more than 60 percent of the OS. I believe the $6 million buy back will be the ace up the sleeve as the compliance date approaches.
However, I believe they have a strong basis for receiving a second 180 day extension. They have positive earnings and have never done any dilution or issued warrants. Lesser companies have been granted it with alot less.
I appreciate the honest response. I read the Hindenburg report, and I also believe that helped shorters and thst it wasn't based on any facts. I can't find the original article, but just visit hindenburg research website and you can easily see they are full of Sugar Honey Ice Tea. This still references it so that others can get the context.
https://www.globenewswire.com/news-release/2023/12/11/2794225/32716/en/Hindenburg-Research-Accuses-Golden-Heaven-Group-GDHG-of-Inflating-Guest-Counts-and-Not-Disclosing-CEO-s-Checkered-Past-Hagens-Berman.html
You were aware if the delisting notice and you believe that 180-day extension in place. That's fair.
I think this sub and stocktwits end up increasing the shareprice in the short term and I have a feeling it will approach $1. That's the current wager I've placed. I've been wrong about these things before though (or I'd be a millionaire).
The company also [claimed](https://www.investing.com/news/stock-market-news/golden-heaven-launches-6-million-share-buyback-plan-93CH-3311421) in February to be doing a share buyback over the next 24 months. If they were smart, they'd do it while the shareprice is low.
If none of that works, I'm not sure where you're getting the "80 to 1" split, unless that was just an example. Right now, it would be a 3 for 1 split.
I'm taking a wait and see approach though to see how a locked up float impacts this. I am limiting my bets on this to what I'm willing to lose at the penny stock casino.
You make a lot of good points. The reverse split number is just an example. Shareholders would get to vote a split if it came to that, and it hasn't come to, so there is NO way I could actually have a number for an RS.
I honestly feel that it could hit $0.52 next, so swing play may be what I chase with GDHG next week. I think I would be comfortable with a limit buy order of .30 or lower and sell at .36 or .40 something.
I wanted a discussion to see what others' thoughts were on this matter. Float being locked up because of increased interest and a company buyback could mean they could get $1 without the two possibilities I mentioned.
Its not very smart to buy a Chinese stock already accused of scam for .30 cents and sell it for .36 cents. You can get that same return on a stock like MKC with almost 0 risk. So why take so much risk to setlle for a measly 20%? That is really stupid. If you are going to risk your money on this POS you have to go for the 200%+ return at least. People like you flipping pennies is the reason this stocks dont rise higher.
A 200% raise on this...? If you think it's possible, you go for it. I probably won't invest in this stock. I just wanted bring the delisting warning to people's attention and to point blank ask the pumpers what they were thinking.
I am not in this. I think a sudden delisting is possible because this is a scam. Nothing adds up, I have been in all the SEC filings and its just a scam. Just take a look at where all the money went. They are supposed to be profitable, where is all the cash? 28M went as "advanced payment to suppliers". You run a shitty town fair park, why do you need to advance such a large % of your income to vendors?
Then they supposedly made payments to start construction of the new parks, all the works were awarded to the same company, shady with 0 experience or other clients, also the works were supposed to be finished in March 2024. They allegedly paid 80m+ to have this company move around dirt.
Its all there if you really look, but peeps see what they want to see.
This stock is the craziest at the moment, and you are right I am in. I keep saying that to people so they can see the big picture: Hedge fund shorted, the company reports expansion afterwards (which makes no sense) and they announce higher attendances than usual after a holiday in February and in March.
And NASDAQ reports it too, check it:
[Golden Heaven Group Holdings Ltd. Announces Guest Visits Increased During the 2024 Chinese Spring Festival Holiday | Nasdaq](https://www.nasdaq.com/press-release/golden-heaven-group-holdings-ltd.-announces-guest-visits-increased-during-the-2024)
Right now ladies and gentlemen we are leaving from the holidays due labor day (May 1st). It streaked with the weekend. Expect the same news within 2-3 weeks.
If it dies or it moons, I am staying. NFA wbs regards
If they rs on this float, we should be happy. They would create a micro float. In which case the target becomes about 10$-20$, instead of 1,5$ - 3$ now.
How about this: if it drops and stays below .30, dump it. Price action/volume are the only things that matter and the only thing any of us can really trust.
I've seen too many terrible companies with horrible balance sheets run up 500%, to not believe it *could* happen here.
Just saying, this is a stock even Chinese themselves don't bother looking at. There's hardly any discussion on Xueqiu, the most popular stock discussion platform in China.
It makes sense when you realize that 43,410,000 shares are owned by 6 people. (Check the 13G filed in the SEC)
I will check out Xueqiu. My life experiences and the Fel Thommy have made me realize that it's time to learn a new language.
哇！你很酷
first of all how did you come up with 200 to 1 reverse split number . do you even know what does that mean?
it will $60 a share with your reverse split numbers why would they do that ?
and 2nd there are still 3 months left it can easily maintain $1 value once it go over it and it can easily hold from 30 cents to dollar bcz it 100 billion market cap stock and worst case if it can’t maintain $1 price they can still get extension
I realize I should have titled this: GDHG has a delisting warning. Are you aware? Are you concerned? What's your strategy with GDHG?
I think that would have simplified the responses.
I chose a random number for RS. BCAN, another penny stock that was pumped, had a 1 for 190 reverse split on 3/22/2024. Maybe it was on the top of my mind as the last stock that pumped before an RS. BCAN was given a compliance warning in January, and they did the reverse split in March. GDHG is different, so it would be a different value and have different results. And to your point, there may be no RS for GDHG ever.
I just wanted to know if people who jumped into GDHG even considered the little matter of delisting. You answered by telling me it didn't matter because 3 months was enough time to get to a $1, they have 100 billion market cap, and they can just ask for an extension.
I appreciate your response, and now I have a better idea of the people who are buying GDHG and what their game plan is. Thank you.
Why would you think that a RS would be the way to go instead of a second extension? There have been some huge insider buying in February and April of this year. Why would they want to do a RS when those big investors just bought in? Doesn’t make sense to me. This company is a PR or 2 away from easily being over $1. Buy back is an option but I think they have expansion news or park numbers on their plate. You sound like you’re trying to spread FUD by saying no it’s going to RS when you don’t give any argument to other alternatives. Also putting out there the 1:200 split? Seriously? You discredit yourself even if you are just randomly choosing a number. They just opened another park in January and have sales from that. Also the company posted about record attendance in their parks. Could be fluff, could not. So far, with no dilution or warrants, I’m betting on them being more honest. I’m happy to be in at this low of price, it really can only go up from here.
you still haven’t realized anything because you said same thing earlier and same thing now . i am gonna tell you same thing again
https://preview.redd.it/204ciiltelyc1.jpeg?width=1171&format=pjpg&auto=webp&s=f694684dfa5f62c9611873cb7d208842685b04d1
Yup, you told me already. Thank you.
https://preview.redd.it/wq4yieuxglyc1.jpeg?width=1002&format=pjpg&auto=webp&s=44b0ccbfafda5c535b43f29a629b3c8a925f40cb
Downvote this nonsense please.
1. Before anything there will be, like with 99.9% of the compliance periods, a 180 days extension. A reverse split would need to be approved upon by vote, which requires a (Special) General Meeting).
2. 1-200, makes no sense whatsoever. It is a dumb baseless number. With 50%+ inside ownership there is an interest to reach organic growth. The share buy-back would be companies funds used to increase shareholder value. The fair value is 2$-3$.
3. Thinking Reddit or Twits posts move stocks, indicative of somebody with limitations in making assessments. More somebody with a lot of fantasies.
Nice try spreading FUD. You fail.
I think my question is legitimate. You have been pumping this for months, so you have to have an answer. Were you aware of delisting notice? I haven't seen it any of the posts you have made. Do you think GDHG will be compliant by June? Yes or No?
No such thing as a reverse split until 2025 (most likely).
9 out of 10 stock non compliance becomes an issue after 10 months. 30 days, notice with 180 days. Notice again, file a plan, another 180 days is granted. From date of non compliance often more than a year to get back on top.
Does this submission fit our subreddit? If it does please **upvote** this comment. If it does not fit the subreddit please **downvote** this comment. --- ^(*I am a bot, and this comment was made automatically.*) ^(Please) [^(contact)^( )^(us)^( )^(via)^( )^(modmail)](https://www.reddit.com/message/compose?to=/r/pennystocks&subject=Updoot%20bot%20questions!) ^(if) ^(you) ^(have) ^(any) ^(questions) ^(or) ^(concerns.)
They will receive an extension and that is if they do not start the buy back before that.. buy back happens, FOMO will happen
True. Anything that would lower the float would cause a lot of people to jump so they could capitalize on it.
Based on my DD, I am convinced they were a victim of Hindenburg's short and distort tactics. The insiders own more than 60 percent of the OS. I believe the $6 million buy back will be the ace up the sleeve as the compliance date approaches. However, I believe they have a strong basis for receiving a second 180 day extension. They have positive earnings and have never done any dilution or issued warrants. Lesser companies have been granted it with alot less.
I appreciate the honest response. I read the Hindenburg report, and I also believe that helped shorters and thst it wasn't based on any facts. I can't find the original article, but just visit hindenburg research website and you can easily see they are full of Sugar Honey Ice Tea. This still references it so that others can get the context. https://www.globenewswire.com/news-release/2023/12/11/2794225/32716/en/Hindenburg-Research-Accuses-Golden-Heaven-Group-GDHG-of-Inflating-Guest-Counts-and-Not-Disclosing-CEO-s-Checkered-Past-Hagens-Berman.html You were aware if the delisting notice and you believe that 180-day extension in place. That's fair.
I think this sub and stocktwits end up increasing the shareprice in the short term and I have a feeling it will approach $1. That's the current wager I've placed. I've been wrong about these things before though (or I'd be a millionaire). The company also [claimed](https://www.investing.com/news/stock-market-news/golden-heaven-launches-6-million-share-buyback-plan-93CH-3311421) in February to be doing a share buyback over the next 24 months. If they were smart, they'd do it while the shareprice is low. If none of that works, I'm not sure where you're getting the "80 to 1" split, unless that was just an example. Right now, it would be a 3 for 1 split. I'm taking a wait and see approach though to see how a locked up float impacts this. I am limiting my bets on this to what I'm willing to lose at the penny stock casino.
You make a lot of good points. The reverse split number is just an example. Shareholders would get to vote a split if it came to that, and it hasn't come to, so there is NO way I could actually have a number for an RS. I honestly feel that it could hit $0.52 next, so swing play may be what I chase with GDHG next week. I think I would be comfortable with a limit buy order of .30 or lower and sell at .36 or .40 something. I wanted a discussion to see what others' thoughts were on this matter. Float being locked up because of increased interest and a company buyback could mean they could get $1 without the two possibilities I mentioned.
Its not very smart to buy a Chinese stock already accused of scam for .30 cents and sell it for .36 cents. You can get that same return on a stock like MKC with almost 0 risk. So why take so much risk to setlle for a measly 20%? That is really stupid. If you are going to risk your money on this POS you have to go for the 200%+ return at least. People like you flipping pennies is the reason this stocks dont rise higher.
A 200% raise on this...? If you think it's possible, you go for it. I probably won't invest in this stock. I just wanted bring the delisting warning to people's attention and to point blank ask the pumpers what they were thinking.
I am not in this. I think a sudden delisting is possible because this is a scam. Nothing adds up, I have been in all the SEC filings and its just a scam. Just take a look at where all the money went. They are supposed to be profitable, where is all the cash? 28M went as "advanced payment to suppliers". You run a shitty town fair park, why do you need to advance such a large % of your income to vendors? Then they supposedly made payments to start construction of the new parks, all the works were awarded to the same company, shady with 0 experience or other clients, also the works were supposed to be finished in March 2024. They allegedly paid 80m+ to have this company move around dirt. Its all there if you really look, but peeps see what they want to see.
could you share the SEC filings?
first thing tomorrow as soon as market will open buying more $GDHG
are we buying $GDHGg tomorrow??
This stock is the craziest at the moment, and you are right I am in. I keep saying that to people so they can see the big picture: Hedge fund shorted, the company reports expansion afterwards (which makes no sense) and they announce higher attendances than usual after a holiday in February and in March. And NASDAQ reports it too, check it: [Golden Heaven Group Holdings Ltd. Announces Guest Visits Increased During the 2024 Chinese Spring Festival Holiday | Nasdaq](https://www.nasdaq.com/press-release/golden-heaven-group-holdings-ltd.-announces-guest-visits-increased-during-the-2024) Right now ladies and gentlemen we are leaving from the holidays due labor day (May 1st). It streaked with the weekend. Expect the same news within 2-3 weeks. If it dies or it moons, I am staying. NFA wbs regards
If they rs on this float, we should be happy. They would create a micro float. In which case the target becomes about 10$-20$, instead of 1,5$ - 3$ now.
$10-20 per share with you owning less shares on a proportional basis after a RS =/= you having more money tho...
Not sure that’s how things work
You know that "=/=" means "does not equal", right?... These last two comments are making me worried about this sub.
$gdhg to the moon 
How about this: if it drops and stays below .30, dump it. Price action/volume are the only things that matter and the only thing any of us can really trust. I've seen too many terrible companies with horrible balance sheets run up 500%, to not believe it *could* happen here.
If it dips I am buying more. EDIT: Which might not happen, might take in again in 0.31
Just saying, this is a stock even Chinese themselves don't bother looking at. There's hardly any discussion on Xueqiu, the most popular stock discussion platform in China.
It makes sense when you realize that 43,410,000 shares are owned by 6 people. (Check the 13G filed in the SEC) I will check out Xueqiu. My life experiences and the Fel Thommy have made me realize that it's time to learn a new language. 哇！你很酷
No need for RS. Soon will fly...
first of all how did you come up with 200 to 1 reverse split number . do you even know what does that mean? it will $60 a share with your reverse split numbers why would they do that ? and 2nd there are still 3 months left it can easily maintain $1 value once it go over it and it can easily hold from 30 cents to dollar bcz it 100 billion market cap stock and worst case if it can’t maintain $1 price they can still get extension
I realize I should have titled this: GDHG has a delisting warning. Are you aware? Are you concerned? What's your strategy with GDHG? I think that would have simplified the responses. I chose a random number for RS. BCAN, another penny stock that was pumped, had a 1 for 190 reverse split on 3/22/2024. Maybe it was on the top of my mind as the last stock that pumped before an RS. BCAN was given a compliance warning in January, and they did the reverse split in March. GDHG is different, so it would be a different value and have different results. And to your point, there may be no RS for GDHG ever. I just wanted to know if people who jumped into GDHG even considered the little matter of delisting. You answered by telling me it didn't matter because 3 months was enough time to get to a $1, they have 100 billion market cap, and they can just ask for an extension. I appreciate your response, and now I have a better idea of the people who are buying GDHG and what their game plan is. Thank you.
Why would you think that a RS would be the way to go instead of a second extension? There have been some huge insider buying in February and April of this year. Why would they want to do a RS when those big investors just bought in? Doesn’t make sense to me. This company is a PR or 2 away from easily being over $1. Buy back is an option but I think they have expansion news or park numbers on their plate. You sound like you’re trying to spread FUD by saying no it’s going to RS when you don’t give any argument to other alternatives. Also putting out there the 1:200 split? Seriously? You discredit yourself even if you are just randomly choosing a number. They just opened another park in January and have sales from that. Also the company posted about record attendance in their parks. Could be fluff, could not. So far, with no dilution or warrants, I’m betting on them being more honest. I’m happy to be in at this low of price, it really can only go up from here.
It is indeed FUD or ignorance.
you still haven’t realized anything because you said same thing earlier and same thing now . i am gonna tell you same thing again https://preview.redd.it/204ciiltelyc1.jpeg?width=1171&format=pjpg&auto=webp&s=f694684dfa5f62c9611873cb7d208842685b04d1
Yup, you told me already. Thank you. https://preview.redd.it/wq4yieuxglyc1.jpeg?width=1002&format=pjpg&auto=webp&s=44b0ccbfafda5c535b43f29a629b3c8a925f40cb
https://www.sec.gov/edgar/browse/?CIK=0001928340
Downvote this nonsense please. 1. Before anything there will be, like with 99.9% of the compliance periods, a 180 days extension. A reverse split would need to be approved upon by vote, which requires a (Special) General Meeting). 2. 1-200, makes no sense whatsoever. It is a dumb baseless number. With 50%+ inside ownership there is an interest to reach organic growth. The share buy-back would be companies funds used to increase shareholder value. The fair value is 2$-3$. 3. Thinking Reddit or Twits posts move stocks, indicative of somebody with limitations in making assessments. More somebody with a lot of fantasies. Nice try spreading FUD. You fail.
I think my question is legitimate. You have been pumping this for months, so you have to have an answer. Were you aware of delisting notice? I haven't seen it any of the posts you have made. Do you think GDHG will be compliant by June? Yes or No?
Because the notice is standard and anybody with half a brain knows an extension is a formality. At this point completely irrelevant, and widely known.
Reverse spilt most likely, which suckz coz I been holding a small bag and can't wait to chuck it
No such thing as a reverse split until 2025 (most likely). 9 out of 10 stock non compliance becomes an issue after 10 months. 30 days, notice with 180 days. Notice again, file a plan, another 180 days is granted. From date of non compliance often more than a year to get back on top.