Yong Bai Chao New Retail Corp (YBCN)

[NobleRoman]

There is no credibility to that number. Although, I wish it were true. But it contradicts all data out there.

On this date 10Q, for example, it says:

https://www.otcmarkets.com/filing/html?id=14278758&guid=_2deUFr_Ds7DBbh

At July 14, 2020, there were 12,508,011 shares of common stock outstanding.

That's the same number as your "At October 29, 2020, there were 12,508,011 shares of common stock outstanding...per latest 10q"

Yet, on your latest 10Q (same source as your quote):

https://www.otcmarkets.com/filing/html?id=14467456&guid=_2deUFr_Ds7DBbh

it says, "Total issued and outstanding shares of common stock is 105,569,068 and 105,569,068 as of September 30, 2020 and 2019, respectively."

The 105M is what the transfer agent says. And that contradicts the first 10Q above where it says "At July 14, 2020, there were 12,508,011 shares of common stock outstanding."

September comes after July, so they both can't be true. And the first untrue statement is exactly what the latest 10Q says, which can no longer be trusted. Contradictory information. The transfer agent doesn't confirm it.

No credibility. You'd think filings should have credibility. Normally, they would. I really can't explain what happened here. Maybe it's the float. Who knows, but there is a breakdown in communication somewhere.