Big Brother...increased my CNGI position this week.....

I added another 49K to my position this week in the .07-.075 range. It increased my overall average cost basis quite a bit, but I really like the potential risk/reward on the CNGI shell at prices under 10 cents. Currently holding 259K shares at an average under .0236 per share.

It is definitely high-risk (like most shells or reverse mergers) until more information regarding the shell's status becomes available. But I think there is a decent chance that the CNGI shell is relatively clean, and it certainly "feels" like the share structure is reasonably low/tight.

I have no idea if CNGI is now connected (either directly or indirectly) with Huayingbao Group, but if it is I think this has the potential to get pretty interesting. It is possible that Huayingbao could use the CNGI shell to go public if they decide not to use the KICK shell. Or the CNGI shell could be use to bring one of Huayingbao's companies/clients public.

HYB Cuisine is a new restaurant chain established in 2019 that Huayingbao is involved with. Based on the development plan timeline provided on the HYB Cuisine website, it appears that Huayingbao Group intends to go public via a reverse merger sometime in Q4 2020. HYB Cuisine would get spun-off sometime in Q3 2022......

Quote:

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HYB CUISINE has a top-level aesthetic design team, top-level service team, restaurant management team and the world's leading investment bank team, as well as a well- stocked Nasdaq listed company. 2019 Q1 Completes the opening of the first HYB CUISINE | 2019 Q4 Completes the opening of the 10th HYB CUISINE | 2020 Q3 Completes the opening of the 50th HYB CUISINE | 2020 Q4 KICK financial consolidation with Huayingbao Group listed companies | 2020 Q4 completes the 200th HYB CUISINE opens | 2022 Q3 Completes KICK spin-off with Huayingbao listed company, independent IPO | 2023 completes US Nasdaq listing plan

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http://hybcuisine.com/