YSYB'S TREMENDOUS 'V-A-L-U-E' !!!!!!!!!
10/3/2007 ~ 10Q
PAGE 11:
Prior to October 3, 2007, Victory Divide Mining Company (the “Company”) was a shell company, or a company with only nominal operations and assets, although the Company was incorporated in the State of Nevada on May 26, 1921.
On October 3, 2007, the Company underwent a reverse-merger with Faith Winner Investments Limited (“Faith Winner (BVI)”) by an exchange of shares whereby the Company issued 18,500,000 newly issued common shares at $0.001 par value in exchange for all Faith Winner (BVI) shares.
Faith Winner (BVI) acquired Faith Winner (Jixian) Agriculture Development Company (“WFOE”), which entered into a series of agreements with Heilongjiang Yanglin Soybean Group Co., Ltd. (“Yanglin”). As a result of entering the abovementioned agreements, WFOE basically controls Yanglin.
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. The Company, through its subsidiaries and Yanglin, is now in the business of manufacturing, distribution, and selling of non-genetically modified soybean oil, soybean salad oil, and soybean meal throughout the province of Heilongjiang, China.
10/3/2007 ~ 10Q
PAGE 20:
10. CAPITALIZATION
***( HTML DIDN'T PRINT, BUT YOU CAN LOOK IT UP FOR CLARIFICATION EASILY.)***
As a result of the Company’s reverse-merger on October 3, 2007, its capitalization has been restated as of September 30, 2007, and 2006 as follows: -
Description of Activities
Original Registered & Paid-Up Capital
Number of Common Shares
Common
Stock Capital
Additonal
Paid-In Capital
Original shareholders of
$
12,072,308
$
$
Yanglin
Issue shares in exchange of
Faith Winner (BVI) shares
(18,500
)
18,500,000
18,500
Original shareholders of
VDMC
(3
)
3,450
3
Adjustment of original
registered & paid-up capital to
additional paid-in capital
(12,053,805
)
12,053,805
$
-
18,503,450
$
18,503
$
12,053,805
( THAT'S US$12,072,308 PAID TO ORIGINAL SHAREHOLDERS OF YANGLIN. )
(( THAT'S US$12,072,308 DIVIDED BY 18,500,000 SHARES = .65 CENTS A SHARE THAT SHULIN LIU & HUANGIN DING PAID ORIGINALLY FOR THEIR 18.2M SHARES!! ))
10/3/2007 ~ 10Q
PAGE 28:
The Company is operating in the PRC, and in accordance with the relevant tax laws and regulations of PRC, the corporation income tax rate is 33%. However, as Yanglin has been recognized as a Key Leading Enterprise in the Industrialization of Agriculture Industry by a collection of government agencies, we enjoy a complete exemption from income taxes. Our status is reviewed each two years. We are confident that we will continue to enjoy this status due to our size of operations and status in this industry.
( 33% TAXES WAIVED ! )
10/3/2007 ~ 10Q
PAGE 36:
Recent Events
On October 3, 2007, we completed, at a price of $2.15 per share, a private placement of 30 million shares of Series A Convertible Preferred Stock, par value $0.001 per share and 10 million of Series A attached five year warrants to purchase common stock at an exercise price of $2.75 per share and 5 million of Series B attached five year warrants to purchase common stock at an exercise price of $3.50, as adjusted. We received net proceeds of about $18 from that offering.
( GREAT NEWS: ALL WARRANTS HAVE EXPIRED. )
6/4/2007:
FORM 4
LITTLE GLENN PURCHASED 2875 SHARES FOR US$11,500., = $4. SHARE!
8/31/2007:
FORM 4
LITTLE GLENN PURCHASED 1014 SHARES FOR US$4,056., = $4. SHARE!!
DESIRE TO PAY $.65 /SHARE LIKE SHULIN LIU & HUANGIN DING DID FOR 18.2M?
DESIRE TO PAY $2.15 /SHARE FOR PREFERRED CLASS A?
ARE YOU KIDDING ME?
4/17/2013 ~ 10K
Shareholders
As of April 8, 2013, we have 24,586,049 shares of Common Stock issued and outstanding held by 302 holders of record (not including beneficial owners who hold shares at broker/dealers in “street name”) and 5,413,953 shares of Series A Preferred Stock issued and outstanding held by approximately 6 shareholders.
( THAT'S 5,413,953 PREFERRED SHARES STILL HELD AT $2.15 /SHARE!!!!!!!!!!!!! )
They must be LONG VALUE 'accredited investors' alright; ya think?
GO YSYB GO BABY GOGOGO!!!
AI
