Yong Bai Chao New Retail Corp (YBCN)

[NobleRoman]

Authorized Shares

Let the record reflect that the OS is only 1M shares shy of the authorized shares as noted here:

https://www.otcmarkets.com/stock/YBCN/security

The record dated 8-26-22:
Authorized Shares
190,000,000
08/22/2022

Technically, the shares shouldn't be allowed to move above the authorized share count without a shareholders voting on the matter. In fact, that's the whole reason AMC found a loophole in APE, which is essentially a convoluted way to raise its authorized shares that got the NO VOTE -- thumbs down from its shareholders.

YBCN, however, is a dictatorship. Wang Fei can decide and it's only a simple filing that's needed. A mere formality. Wang Fei exerts full control with majority control, so it's really not going to be a public's company in that sense. IFF you ever see this move up, assume the position.

I wonder how they are going to pay stock promoters now that Yang and Friends took all the shares for some chump change. I hope that doesn't mean we don't get professionals.

Disaster...

If they had come out on the OTC in May and not become a hog, maybe we could all be enjoying nice profits today. This is pathetic behavior in my eyes. Just jacking around is all I see them doing. Dragging their feet...