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...
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