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Q4 advances, subsidiary, social media.......
1) The 2021 Q1 filing should arrive in roughly 2-3 weeks. Ahead of that filing it might be worth noting that YBGJ received more than $750k in advances from prospective customers/distributors during December 2020 (as per the January 14 8-K). I am not sure if this is related to the franchises or other entities but it bodes well for continued revenue/business......
NOTE 9 – ADVANCES FROM PROSPECTIVE CUSTOMERS/DISTRIBUTORS
In December 2020, Yubo Beijing received a total of RMB ¥ 4,948,000 ($757,896) from eight PRC entities in amounts of RMB ¥ 348,000, RMB ¥50,000, RMB ¥50,000, RMB ¥500,000, RMB ¥250,000, RMB ¥500,000, RMB ¥3,000,000 and RMB ¥250,000. The related verbal agreements provide for the eight entities to purchase inventory from Yubo Beijing or enter into such other arrangements with Yubo Beijing as the parties mutually agree. Pending formal approval of any such arrangements, all of the eight PRC entities have the right to request the return of their advances.
Correction to last post......
Now, it is entirely possible there is some really negative thing coming down the YBGJ train tracks that I am aware of, but all things considered, I think this stock should be trading at a higher price than it currently is.
Now, it is entirely possible there is some really negative thing coming down the YBGJ train tracks that I am unaware of, but all things considered, I think this stock should be trading at a higher price than it currently is.
edesheim...current thoughts on YBGJ......
So Cheung Ho Shun is in the red by now. Current market cap is only around $35 million depending on current outstanding share count (taken from OTCBB). So how many legacy shares are we dealing with? I wonder if and when the management will start updating and talking. I just keep my shares but amazed on how things unfold. Any thoughts from your end?
Hard to imagine we are only worth around $35 million based on current market cap taken from OTCBB.
So Cheung Ho Shun is in the red by now. Current market cap is only around $35 million depending on current outstanding share count (taken from OTCBB). So how many legacy shares are we dealing with? I wonder if and when the management will start updating and talking. I just keep my shares but amazed on how things unfold. Any thoughts from your end?
So Cheung Ho Shun is in the red by now. Current market cap is only around $35 million depending on current outstanding share count (taken from OTCBB). So how many legacy shares are we dealing with? I wonder if and when the management will start updating and talking. I just keep my shares but amazed on how things unfold. Any thoughts from your end?
I hope your humble opinion is right - I am not so optimistic but I'm not selling either.
Just going to wait this bu@@sh@t out..............
Dont think so, time will tell. I am still expecting big things, might take a while but I am okay to give it some time. First we need to get rid of the weak hands. In the end it is better to get rid of them early rather than have them holding us back once things are picking up. Just my humble opinion.
YBGJ - so sad.
I think we have become bag holders until a miracle happens.
So f@#king pissed.......
Probably a good idea.
I decided to not keep track of daily price swings for a while. It seems we will have to be patient with some possible legacy shares selling having to take place, that might take a while to be eaten through. My shares wont change hands at current prices for sure, so I am willing to wait.
Seller moved the offer lower after printing as high as .99 now offered at .80.
I'm losing faith in YBGJ as it I'm getting an uneasy feeling about it..........
Seller is still here, just moved the offer higher.
Printing higher at least........
It's a little troubling that the bid doesn't go higher.
Thank you Potse for your information, very valueable as always. I own most shares from prior to reverse merger and both bought and sold some shares after the reverse merger. My broker kept limiting my selling and blocked me several times as they claimed they need to verify if I would be an affiliate in which case there would be restrictions for my selling, which of course I am not.
Thank you Potse!!!!
legacy shares...most likely source of selling pressure......
Ok, I see. Is that our seller? Who would be willing to sell at such low prices? Weak hands from pre reverse merger and/or some body who got shares at lower prices? Or somebody desperate for cash?
Interesting to note: Magna Acquisition LLC is the entity from which Lazar purchased his 200+K shares. By my calculations, Magna has spent a total of $832K on MAGAA (shares purchases, loan principal, subtract the $105K received from Lazar) since getting involved with this stock in 2005. Magna needs to get a share price over $2.05 on its remaining shares just to break even here. Either Magna did not want to continue funneling money into this shell, or they think Lazar will do a better job of getting a reverse merger completed here. Or maybe it is some combination of the above.
Also a bit interesting to note: Lazar included a lockout and a leakout agreement in the share purchase agreement......
Leakout Agreements. Sellers shall cause signed lockup (for three months after Closing) and leakout (20% of the shares owned by each person each month) agreements to be signed by each of the four current officers and directors regarding the MAGAA shares retained by each, and by Joel S. Kanter on behalf of the Magna LLC beneficial owners, other than Joel S. Kanter, and released from escrow at Closing. The form of the lockup/leakout agreement has been provided by Purchaser. If the beneficial owners of the Magna LLC shares cannot be located or are otherwise not signing lockup/leakout letters, the Purchaser, at its option, may give appropriate instructions to the Transfer Agent.
Got really excited because my P/L jump just to find out a 100 shares prints on the offer - GEEZ
True, with 99% of shares held by insiders, but still. Maybe if they need some sort of financing or in the distant future an uplisting, it would help. We shall see, I still believe we will get rewarded down the road.
No it is not but then again who knows if they really care about shareholder value.......
I will at least wait until the company starts communicating with the shareholders. That is for me the missing part. I will hold all my shares over 30K. That is NOT the way to take care of shareholder value IMO.
12K for sale at .80.
I'm not selling but I also am not buying till under a quarter at least........
SMH
Any why scare everyone with large blocks on ask? Either not a smart seller or intentionally to scare weak hands into selling?
I'm good for now myself - hopefully I will regret it later on.........
Dont think so, in any case it isnt very smart from the company to go public and just keep quiet while the share price keeps tumbling like that IMO.
Down 63%
I bought a little - nobody else wants to buy any?
Hopefully it's not someone who knows more than we do................
Ok, I see. Is that our seller? Who would be willing to sell at such low prices? Weak hands from pre reverse merger and/or some body who got shares at lower prices? Or somebody desperate for cash?
Thank you for the clarification!!!!
edesheim...Cheung Ho Shun's $750K investment......
On September 11, 2020 Platinum sold 152,284 ordinary shares to an investor for $750,000 cash.
2) Kind of interesting to note that on September 11, 2020, shortly before Lina Liu purchased control of the MAGAA shell, an individual investor (Cheung Ho Shun) made a pretty large investment in Platinum International Biotech (he purchased 1.5% of the company). Post reverse merger, his $750K investment equals 1,755,000 shares of YBGJ with a cost basis a little under 43 cents per share.
Mind boggling
Mind boggling
p F-19 here:
On September 11, 2020 Platinum sold 152,284 ordinary shares to an investor for $750,000 cash.
https://www.otcmarkets.com/filing/html?id=14876645&guid=ehFpUnRCUJk3Kth
Todays 8K/A filing, page 18/19
https://www.otcmarkets.com/filing/html?id=14876645&guid=FLFpUWgmdiOXWth
Almost $5 a share?
Where did you see this?
On September 11, 2020 Platinum sold 152,284 ordinary shares to an investor for $750,000 cash.
Very encouraging figures ideed, thank you for sharing.
2020 Q4 revenue.....
A couple of observations from the January 14 8-K......
1) Based on the information in that filing, it looks like the earliest the company began generating its first revenues was in April 2020. Gross margin was over 91%, which is quite interesting because included in that revenue was 300 of its nebulizers (medical devices to deliver the inhalant). I have no idea if that margin percentage is just an aberration or if it is indicative of what YBGJ might generate going forward on its product-related revenue. Margin percentages anywhere close to that would be excellent.
They also have a product to improve respiratory and lung tissue. Some first life experiences being posted of clients using it. Sounds very interesting and promising. Also being aware of COVID19 related issues, this has some real potential IMHO
http://www.dianping.com/photos/2688388670
http://www.dianping.com/photos/2688388672
Keeping my shares for sure.
Didn't know that - just got into the stock.
Thanks
Authorized share increase......
They filed an 8K yesterday increasing the authorized number of shares from 120M to 1B. Is this good or bad?
This is not really new news, there was a proxy about a month ago. This could be good or bad, depending on how they "use" their shares for financing. In this case I believe it will be good as things are moving in the right direction and toxic financing wouldnt make any sense as this is a real company with real business and real products.
Would probably be a good idea for Yubo to start releasing some news as things appear to develop in the right direction.
They filed an 8K yesterday increasing the authorized number of shares from 120M to 1B.
Is this good or bad?
Thanks
YBGJ(.575)...increased my position.....
I still hold all of the shares I have purchased. I accumulated an additional 9,250 shares today in the .55-.80 range. Currently hold 22,750 shares at an average under .54 per share.
In hindsight I should have sold at least half of my position when YBGJ made its move into the $3-4 range. When the reverse merger occurred, I was initially expecting to see a fair amount of churning when the stock first made its move over the $1 level. I really like the potential of this reverse merger so I was planning to hold through all of that churning and then maybe try to sell some shares if/when the stock had a nice breakout after that consolidation. But that expected churning never really occurred and the stock seemed to move to the $3 level relatively easily/quickly.
At that point I decided to just hold my shares, figuring the consolidation I had initially anticipated might instead occur at a higher price ($2-3 range). But the bottom kind of fell out and the overall market downturn did not help anything.
So here we are again, back at the sub-dollar level. Let me preface my positive comment in the paragraph below by stating there is always the possibility this pullback in the stock might be the harbinger of an upcoming bad financing deal. I am anticipating that YBGJ will probably be arranging a sizable financing package at some point. That has the potential to be either negative or positive for the stock.
At this moment in time, and at this stock price/valuation, I am definitely bullish on YBGJ and optimistic about the prospects/chances of seeing prices above $3 again. I have increased my position in anticipation of possible catalysts coming (filings, financings, increased corporate activity, etc.). The company changed the end of its fiscal year to December, so between now and the end of May (give or take a couple of weeks) we should be getting the 2020 10-K and 2021 Q1 filings.
Corporate activity should start to ramp up this year. According to the YBGJ leadership/management conference that was held at the end of February, additional people were officially appointed to positions in the company. New products are expected to be launched soon.......
https://mp.weixin.qq.com/s/LRwy06DJNoaq2zFR2Chutw
I am aware that at least one of the Viv Cell franchise stores is officially open and operating in a shopping mall. I am pretty sure this store opened just very recently (maybe within the last month). All of the reviews and most of the photos of the store in the links below did not exist when I first ran across this last week......
http://www.dianping.com/shop/H1fLOvGXKGQbXmkV
http://www.dianping.com/shop/H1fLOvGXKGQbXmkV/photos
According to the most recent media report I have noticed (dated March 17), construction of Yubo's $17M new headquarters and R&D center was expected to begin around February/March......
The total investment of the Yubo International Biotechnology Headquarters and R&D Center project is 110 million yuan. The project covers an area of ??about 23.3 acres and a building area of ??21,000 square meters to build a production base for the pharmaceutical packaging industry. Construction will start in February 2021 and is expected to be completed in December 2022.
Got some down here myself.
Definately I am a buyer down here and not a seller
I did about 25% of the volumes so far......
Quite the opposite - I WAS/AM THE BUYER - SELL ME SOME MORE!!!!!!!!!!!!
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