Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No sorry, it was a bad translation.
Yongbaichao has had growth above the national average for “sub high quality moutai” for the past three years or since it has been in operation.
I don’t think anything has happened since the trades have been tiny. However, I’m feeling nice today since I’ve been watching beautiful Russian ladies post photos of their bouquets and their other gifts with big smiles all day long and it’s put me in a good mood so I will reveal that Yong Bai Chao was ranked #2 for growth among high-end moutai companies in China for 2023.
How do I know? Well it’s definitely not from wasting my time reading the rambling fantasies of other posters. 😉
Yea I’m pretty sure Wang Fei is still the CEO of the real company, just not the shell company. I’m basing that assumption on the fact that he was at a store opening just a few days prior to the announcement that he’s no longer CEO of the shell company.
Of course, it could mean that they have decided to not list in America and our shell company is about to be dissolved. Hopefully that’s not it.
Hopefully, this is related to the process of structuring the VIE contracts and is a sign of progressing towards our goal.
Yang Li is on the yacht, and our biggest detractor makes 1 million share bids.
Still holding comfortably. (Although, admittedly, May of 2021 would have be better)
Well I was optimistic about EVCC also and we know how that turned out.
They just opened a new liquor club in Qingdao a couple days ago.
Action speak louder than words and I haven't bought more stock for quite a long time, meanwhile NR has been gathering as much as he can. What does that tell you?
Paragraph 1: yes
Paragraph2: yes
Paragraph 3:
Sentence 1: okay
Sentence 2: sure
Sentence 3: fine
Sentence 4: Who doesn’t love procrastinating?
Rest of post: WTF?
I doubled back to make sure I was correct and it appears that alibaba is the current owner of Yongbaichao.com, while ybcjy.com is owned by namesilo.
So the $70,000 is alibaba’s asking price. They must scan the lists of new businesses and then go buy domains so that they can upsell them.
Even worse, I went to namesilo and checked Yongbaichao.com and they offered to sell it to me for ~$100,000. That’s quite a surcharge. I added it to my cart and went to checkout and the price jumped to $150,000.
According to namesilo ybcny.com costs $11/month, so I think our company should just stick with that website.
Did I ever tell you guys that Yongbaichao.com was registered on June 22nd 2022 for, it seems, roughly $70,000?
It’s still empty, but keep an eye on it because it will surely go live when they are ready to go public.
Why do you guys think they did a reverse split?
Yeah, who needs money anyway when we’ve got each other.
Well that was a boring read. Do you think the $75k estimated expenses for the next year is just to file more useless quarterly reports?
I don’t understand it either. It might be a marketing technique to build brand recognition.
They have been using essentially high interest micro loans to fund growth. Customers make a large moutai purchase and over two years they make back double their money in dividend payments.
I assume the time it takes to make back the 200% depends on the growth rate of the company.
I’ve seen messages that this is going away soon which might suggest that they’re ready for a more serious growth strategy, like completing the merge.
Apparently there is a Chinese app called DiDi, so before our local conspiracy theorist (no not Firemedic, trumpers are believers of propaganda, not conspiracy theorists… the difference is that conspiracy theorists work out their own theories built on shaky evidence while the trumpers just can’t tell when they are being lied to, so I am of course referring to NovleRoman) gets any zany ideas, my username is intended to mean that my due diligence is exponentially better than most. D to the power of D.
BTW, even if we lose our ass on this shell company, the motivation that it gives us to learn more about China will potentially lead to us all being much smarter investors and hopefully plenty of long term gains.
https://imgur.com/a/sWdYxzy
From a year ago:
https://imgur.com/a/baGqPxH
Guess we can start calling it:
YongBai Coin
(Because it’s value is low like a random cryptocurrency)
https://imgur.com/a/Jefsfxi
So I went to the store and I bought two beach balls because I needed answers.
On one of them I made a small dot with the tip of a marker. On the other I glued a small piece of uncooked spaghetti noodle. I rotated the beach balls into the proper position and then attempted to make the spaghetti noodle touch the dot. This was no easy task. At one point I realized that I had rubbed off the marker and had been trying for who knows how long before I realized it. Although I did come close a couple times, I was never able to make the noodle hit the target.
Ultimately, I decided that if the pastor was able to cheat on his wife then he must have had God’s help. That didn’t make any sense though, adultery is a sin. Why would God help the pastor commit adultery?
So anyways after that I learned my lesson and stopped worrying about other peoples sex lives.
When I was a kid my family wasn’t religious but I started going to a Pentecostal church with my neighbor when I was 8. After a couple years I had gotten very involved with the church and I knew practically everyone who attended. The pastor was a large, round, and very outspoken man and he could give a great sermon.
Then one day the pastor resigned. He had been having an affair with one of the women of the church and during a meeting of parishioners he felt overcome with guilt and confessed.
To this day I’ve never been able to figure out how it was possible. The woman was quite large and round herself. The math just doesn’t add up.
The world has always been crazy.
The changes in regulations by the Chinese government and the need to use VIE contracts as well as the Covid pandemic damaging sales have slowed the process down but it appears that in spite of all that and in spite of Roman’s insults, they are intent on pushing forward.
My guess is they just wanted to punish Roman by going delinquent for a few days before they finally completed the merge.
Please state your reason for late filing:
It’s cherry picking season.
https://imgur.com/a/A5LRdWY
Normally it’s hard to find the time or desire to read those posts but that one I actually enjoyed, well done!
They call it the expert market because if you own shares there then you’ve learned some expensive lessons.
They had intended to list in America back on May of last year. I don’t know what the reasons are for the delay but I have a few guesses.
As of right now I am still confident that they intend to list at some point but the lack of an annual filing last Friday or even today, and no even a notice of late filing is pretty concerning.
Hopefully, a promising detail about the new liquor club opening is that the stock code YBCN is mounted on the wall along with the name of the business. NR will link a video soon and you’ll see that they are still proudly asserting that they are listing in America.
Another liquor club opened in He Futian district.
What Can a Shell Company do Today – and What it Should Not Do
Shell companies have a few options. First, they can do nothing different than they are doing right now. That is, they can continue to look for an appropriate business combination target and when they close such a transaction, go through the process to retain piggyback eligibility (see below). Also, to be clear, announcing a transaction, or even signing definitive documents, does not make a difference. A transaction must be closed for a determination of a change in shell status. If a shell company does have a pending transaction, speeding up the closing process to be sure to close prior to the deadline, and to give OTC Markets enough lead time to see the closing Super 8-K or supplemental filing through the alternative reporting system is also an option.
https://securities-law-blog.com/2023/02/28/the-211-rules-and-shell-companies/
New Yongbaichao offices opened in longgang district of Shenzhen.
They referred to this funding as “pre-A round financing”. I’m probably the least experienced investor on this board, but investopedia says that there is usually an A, B, and C round of financing before there is an IPO.
In my opinion, this might be different for a couple reasons.
1. It is a Chinese company and a reverse merger not a normal IPO
2. The beauty clinics are under the Yongbaichao umbrella.
Therefore, while it is my opinion that they still intend to complete the merge, I’m mentally preparing for a long wait, just in case.
Strategic binding with a capital company means they secured financing for an expansion.
They are planning to build more clinics.
I imagine you’ll have to wait a few months for new openings to be posted on employee’s personal tiktok accounts to satisfy your high standards.
Considering that me doing my due diligence makes you think I work for the company: perhaps you are expecting too much information to be spoonfed when the company is still just a shell and no merge has been completed.
Complaining about a Chinese note found on a random account on WeChat not being accurate is silly too. It’s not anyone in China’s fault that you can’t speak Chinese and you’re not proficient enough with technology to learn more about the company.
At least there’s TikTok.
Just a reminder since our silly board graphics don't show it: this is a shell company and has no actual business operations.
Also, Ailexi was scrapped a long time ago. It's just the liquor and the beauty clinics in the company that we hope to one day merge with.
Hopefully TikTok guy can corroborate all that.
Oh my news has been corroborated by the tiktok guy that’s awesome
They’ve opened a second Yongbaichao liquor club in Shenzhen.
Someone tell him
At this point I am in agreement that it’s a very risky buy. I think there are also good reasons to be confident so I’ll just hold and wait.
I’m not sure which one of you to congratulate but I expect we will all know by the next filing.
The official Yongbaichao account has posted an article that says the US “coerced” a Taiwanese microchip company to build a factory in the US. The article has no relevance to alcohol or beauty clinics, it is simply an anti-America piece.
It’s possible that they are rethinking whether they should list in America after all; just like I said they would if that troll kept insulting them.
https://mp.weixin.qq.com/s/R5X6M8x_6BCYFI7OctYkMA