Yong Bai Chao New Retail Corp (YBCN)

[DoubleDouble]

Congrats! It will be interesting to see how this effects the value of their stock going forward.

The karaoke company is certainly more active with their filings than YBCN has been, but I suspect that our company has been very active in other ways.

China is seeking to develop its liquor industry and YBCN will seek to play a major part in the country’s financial strength. While we wait for the merger to compete, the company continues to grow. As long as they’ve got the funds go keep growing then an IPO isn’t in their best interests.

They want to get as big as possible before their public offering, in order to sell stock as high as possible and generate massive liquor production growth. More liquor production means YBCN can support more liquor club franchises.

…Plus all of the other stuff they’ve got going on.