YSYB was $5.50/Share from June to September 2008, planning a NASDAQ listing!
VISION CAPITAL, an Institution, paid $21.5 MILLION for 10,000 convertible preferred shares at $2.15/Share in 2008!
Nobody saw the 'Great Recession' coming, but now we know YSYB has had rapid EXPAAANSION GROWTH!
The website shows A LOT, indeed. The CEO has a MASTERS DEGREE, & many other Directors & Officers are from South Africa, USA with CPA accredition , & have advanced degrees from China as well. A SAGE BOARD!
It's almost been TEN YEARS since that time 2008 to 2018 or so; which should INTEREST & EXCITE MANY!
From 2008's 360 shareholders to less than 100 or so, many will become millionaires overnight here, same as anywhere on Wall Street when Long Value CRESTS INTRINSIC WITH RECOVERY OF MARKETS. And that's with Outstanding Shares over MULTIPLYING since 2007 as well. Just phenomenally astonishing prosperity set to happen in short time. Worth your patience, for sure. (OR PLAY IT SAFE & WAIT FOR $5.50/Share AGAIN.)
QUOTED YSYB's 10K from 2008:
"The aggregate market value of the 1,700,003 shares of voting and non-voting common equity stock held by non-affiliates of the registrant was $9,350,016.5 as of June 30, 2008, the last business day of the registrant’s most recently completed second fiscal quarter, based on the last sale price of the registrant’s common stock on such date of $5.50 per share, as reported by The Over-The-Counter Bulletin Board."
( ~QUOTED 10K for the fiscal year ended 12/31/2008, PAGE 1 )
"As of April 10, 2009, there are 20,000,003 shares of common stock outstanding.
CALENDAR QUARTER ENDED
HIGH
LOW
March 31, 2007
0 * 0 *
June 30, 2007
0 * 0 *
September 30, 2007
0 * 0 *
December 31, 2007
$ 4.50 $ 2.50
March 31, 2008
$ 3.25 $ 3.25
CALENDAR QUARTER ENDED
HIGH
LOW
June 30, 2008
$ 5.50 $ 2.85
September 30, 2008
$ 5.50 $ 4.90
December 31, 2008
$ 5.25 $ 2.50
March 31, 2009
$ 4.90 $ 3.25
Until April 9, 2009
$ 4.90 $ 3.50
* There was almost no trading activity of the company’s common stock on and before September 30, 2007.
On April 9, 2009, the last reported sale price of our common stock on the Over the Counter Bulletin Board was $3.50 per share.
Shareholders
As of April 10, 2009, we have 20,000,003 shares of Common Stock issued and outstanding held by approximately 360 shareholders and 10,000,000 shares of Series A Preferred Stock issued and outstanding held by approximately 10 shareholders. We have authorized and issued 10,000,000 Series A Preferred Stock and authorized 10,000,000 Series B Preferred Stock but have not issued any Series B Preferred Stock."
( ~QUOTED 10K for the fiscal year ended 12/31/2008, PAGE 34. )
"The reverse-merger also included an equity financing of $21,500,000 by the issuance of 10,000,000 Series A Convertible Preferred Stock at $2.15 per share to 10 accredited investors." ( ~QUOTED SAME 10K for the fiscal year 12/31/2008, PAGE 37. )
"In addition, as we are now a public company and plan to file the application to transfer to the main board of NASDAQ, there will be increased expenses related to strengthening our reporting, compliance, internal controls and corporate governance systems to comply with the relevant laws and regulations applicable to a U.S. listed company."
( QUOTED SAME 10K for the fiscal year ended 12/31/2008, PAGE 44. )
"Income from operations rose by 41.3% or $4,408,449 for the year ended December 31, 2008, to $15,087,797, as compared to $10,679,348 for the year ended December 31, 2007, primarily due to the increase of 61.5% in sales revenue."
( QUOTED SAME 10K for the fiscal year 12/31/2008, PAGE 45. )
"As a result of our A credit ranking by the Agricultural Development Bank, Shuangyashan City Branch, we currently have a credit line of up to RMB190 million, or about USD27.7 million. We believe that this is sufficient for our working capital needs at current level of operations."
( QUOTED SAME 10K for the fiscal year ended 12/31/2008, PAGE 48. )
"Changes in Internal Controls over Financial Reporting
During the year ended December 31, 2008, we have completed the following remediation measures on the internal control over financial reporting:
1. We have already formulated a Code of Conduct, in both Chinese and English, and released it formally in September, 2008 after it was approved by the Board of Directors. This Code of Conduct is applicable to all staff including our senior management, and it covers various contents such as integrity, fair trading, conflict of interests, disclosure of information, compliance to laws, confidentiality of information, non-discriminatory treatment, safe-guarding of the company’s assets, reporting of violation of the Code and reporting of fraud. We have also established a channel for issuing and communicating the Code of Conduct to all staff.
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2. We have developed the detailed procedures and regulations for identifying and investigating fraud and for staff reporting and exposing wrongful behavior, and include such contents into the Code of Conduct ,which was formally released in September, 2008.
3. We have formulated the Management Procedure of Company Institutions, which provides the management regulations on the formulation, approval and update of the management institutions of the company, and released it formally after being approved by senior management."
( QUOTED SAME 10K for the fiscal year ended 12/31/2008, PAGE 57 & 58. )
"Each of Series A, B, C, D, E and F Warrants have five year terms. Series J Warrants have an eighteen (18) month term. The Series C and D Warrants are only exercisable once the Series J Warrant is exercised."
( QUOTED SAME 10K for the fiscal year ended 12/31/2008, PAGE 66. )
ALL ABOVE WARRANTS HAVE NOW EXPIRED!
"TOTAL LIABILITIES & STOCKHOLDERS EQUITY FOR ( 2008 = $82,549,237. ) FOR (2007 = $70,732,531. )"
( QUOTED SAME 10K for the fiscal year ended 12/31/2008. )
ANYONE WANNA PAY $5.50 PER SHARE FOR YSYB, LIKE IN JUNE TO SEPTEMBER 2008?
I'VE UNDERSTOOD (& ACCEPTED) THIS "GREAT RECESSION" with all the MULTITUDES OF VARIABLE CAUSES since 2007's CLIFF.
As of just a few days ago, it's been 5 YEARS since CNAG was REVOKED. More importantly, in those 5 years or so, CNAG has
Become (one of the top 500 enterprises in China) PROVEN by an accredited government source; with OVER TEN TIMES OR MORE INCREDIBLE TREMENDOUS EXPANSION GROWTH! All of their dozens & dozens of websites are in both English & Chinese, with narratives of a coming IPO & return to USA compliance.
Understandably so, if the worldwide credit crunch, & transitioning from Manufacturing & Exports to now 66% CONSUMERISM & INNOVATION is accepted as the true realization it genuinely is, without racist xenophobia; plenty of patience is needed for what is inevitable & soon to happen. As Buffett says, "We don't know WHEN it will happen, only WHAT will happen once the market recognizes the obvious true value."
Therefore, when & if YSYB goes dark with suspension & revocation, consider conglomerate CNAG's 5 years since revocation, BUT with multiplying EXPAAANSION GROWTH so rapidly fast that they're now rated ONE OF THE TOP 500 ENTERPRISES IN CHINA; as YSYB will surely soon be. The Chinese Federation Of Enterprises says so, as other sources. Worldwide, the 'Recovery Of Markets' needs more time to heal itself, obviously; if realistic without bias, prejudice, or funding needs of UNaccredited investors. Hang in there, my friends!
GLTA & GO YSYB ! $5.50/share is now on sale, & WHAT A BARGAIN IT REALLY IS!
