Yong Bai Chao New Retail Corp (YBCN)

[SecretMillionaire]

You are correct, Rich. Very interesting. It's a big franchise that I never heard of, once owned by Yum brands. It's still there according to Yelp reviews. So, I'm confused. Intrigued.

It can't be the company. I'm just skimming some reviews, and one says, "sure, it's a franchise..." implying it's a franchised location. I don't have that much time right now... But it leads me to believe that *maybe* the franchisee himself is trying to go public?

Just skimming, but appears there was a class action brought against that owner here:

https://www.classaction.org/media/li-et-al-v-hot-pot-flushing-llc-et-al.pdf

Lots of Asian names as stock holders, mentions the hot pot business. Mentions sales over $500,000 a year and some other locations. On a skim. That would all be consistent. I like it.

I lean towards the franchisee trying to come through. See if you can find his name in there. I really am doing this on the fly... The address absolutely is on this public filing. Corroborates your beliefs. Thanks for the DD. That consultant is too common of a name. Maybe a time-tested restaurant chain trying to raise capital for expansion with some time-tested locations and a proven concept with a YUM Brands endorsement.