Big Brother
1 year ago
PPS of TJBH got crushed yesterday, I saw a few thousand shares hit the bid @ around $14. Been a big price drop since Ma passed away and it was trading $30+, maybe not much confidence in his wife running the show?? She really needs to file here sooner than later, if it goes to Expert that's bad news, as even if it comes back, it will trade as unsolicited quotes.
Big Brother
1 year ago
$30K dollars worth of shares also appeared on the ASK for the first time as well though (5K @ $6.00) so not sure what to make of that. That is a LOT of money worth of shares to eat through of an illiquid stock....unless the Chinese started buying that is, like they are doing in TJBH, they could make quick work of that wall.
I'm hoping this can get some action sometime this year, I may have to liquidate my position at some point, to move to another broker....but if I have to do it, this would be the very last ticker that I own I would sell....as I believe this has by far the most future potential, as the CEO has proven he is capable of running a ticker to $30+ without the use of promoters....which very few are capable of doing on the OTC.
Big Brother
1 year ago
Yeah, that one has 21M unrestricted shares and trades somewhat liquid @ $35.00, we have 800K unrestricted and should stay that way even post merger.....so, while it may take some time to play out, I like what he's capable of doing here.
There are a lot of unknowns here about the ss, what is merging in, etc but if its Xinyuan Lepai, they have already invested 520M RMB ($72.4M USD) into it, so should have a pretty good potential.
Big Brother
1 year ago
Looking at the history of TJBH, I would imagine this will take quite awhile to develop. Xianchang Ma took over that one and changed the name to Tengjun in around December 2019, yet they did not officially complete the merger/acquisition of Tengjunxiang and the other subsidiaries until December 2021....and even then, the stock did not start trading regularly until this year in January 2023.
Once it did finally start trading, it was fantastic, it does not get a ton of volume but it does get regular volume, unlike the vast majority of OTC Chinese tickers, especially obscure expensive ones like that.
I'm not 100% sure he's rolling Xinyuan Lepai into this, however, whatever it is, is likely going to be a longer term hold based on their past history.....of course COVID may have caused a lot of delays in that merger though.
pennypauly
1 year ago
Sold for 470k
Item 5.01 Changes in Control of Registrant.
On June 6, 2023, Barry Sytner (“Mr Sytner”), the sole Director and Chief Executive Officer of Yijia Group Corp. (the “Company”), entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Xianchang Ma (“Mr. Ma”), pursuant to which Mr. Sytner sold 5,066,250 shares of common stock of the Company to Mr. Ma, constituting approximately 86.3% of the issued and outstanding shares of the Company as of May 2, 2023, for a total consideration of $470,562, derived from the purchaser’s personal funds. The Securities Purchase Agreement was closed on June 14, 2023. Following the closing, Mr. Ma acquired a beneficial interest in 5,066,250 shares of common stock of the Company constituting approximately 86.3% of the issued and outstanding shares of the Company as of May 2, 2023 and constituting control of the Company. Pursuant to the Securities Purchase Agreement, Mr. Sytner has resigned from all his positions with the Company, and Mr. Ma has been appointed as the Chief Executive Officer, President, Chief Financial Officer and Director of the Company with effect from June 14, 2023. There are no other arrangements required to be disclosed under Item 403(c) of Regulation S-K pursuant to the Securities Purchase Agreement.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 14, 2023, the sole Director of the Company, Mr Sytner, resolved to step down from his positions as Chief Executive Officer, President, Chief Financial Officer and Director of the Company, and for Mr. Xianchang Ma to be appointed as the Chief Executive Officer, President, Chief Financial Officer and Director of the Company. There are no current or proposed transactions in which Mr. Xianchang Ma has an interest that is required to be disclosed under Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission (“SEC”).
Xianchang Ma, age 48, established a company named Jinan Tengiun Biological Technology Co., Ltd in 2014. Mr. Ma is the Chief Executive Officer, Chief Financial Officer and Director of Tengjun Biotechnology Corp. Over the years, Mr. Ma has devoted himself to enterprise management and has abundant corporate management experience. In 2015, he returned to the county of Jinxiang and founded Kanglong. On November 22, 2011, he established the company named Jinan Kanglong Environmental Protection Technology Co., Ltd. From 2009 to 2011, Mr. Ma served as Marketing and Sales Director of Shijiazhuang Shikang Fuchang Technology Co., Ltd. From 2007 to 2009, he was the sales clerk of Shenzhen Rongge Company. From 1994 to 2007, Mr. Ma was self-employed.
The Board has not appointed Mr. Ma to any committees as of the date hereof. Save as disclosed in Item 5.01, there are no arrangements or understandings between Mr. Ma and any other person or persons pursuant to which he was selected as a director of the Company.
STOCKPICKER4LIFE
2 years ago
The company has been talking about that for years, The Float is still 805,000 shares. It has not changed.
This is a good place to see the past ownership.
https://www.otcmarkets.com/filing/html?id=15070154&guid=w3u-kWiGKghJ2Vh
Look at Item 12
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
The following table sets forth certain information concerning the number of shares of our common stock owned beneficially as of June 30, 2021 by: (i) each person (including any group) known to us to own more than five percent (5%) of any class of our voting securities, (ii) our director, and or (iii) our officer. Unless otherwise indicated, the stockholder listed possesses sole voting and investment power with respect to the shares shown.
Title of Class
Name and Address of
Beneficial Owner
Amount and Nature of
Beneficial Ownership
Percentage
Common Stock Bobo CHEN 860,000 14.65%
Common Stock Bo JIANG 980,000 16.69%
Common Stock Tao LIU 780.000 13.29%
Common Stock Kim Lee POH 951,250 16.20%
Common Stock Shaoyin WU 820,000 13.97%
Common Stock Jian YANG 720,000 12.26%
Common Stock Lixin ZHENG 760,000 12.94%
All Officers and Directors as a Group 2,491,250 42.43%
Item 5.01. Changes in Control of Registrant
On July 28, 2021, Barry Sytner, a non-affiliate of the registrant, purchased an aggregate of 5,066,250 common shares from Kim Lee Poh, Jian Yang and Shaoyin Wu, officers and directors of the registrant and from Jiang Bo, Chen Bo Bo and Zheng Lixing, other majority shareholders of the registrant. The purchase price for the common shares was paid from Mr. Sytner’s personal funds resulting in a change of control of the registrant. The common shares were transferred to Barry Sytner effective August 4, 2021. The 5,066,250 common shares 86.3% of the currently issued and outstanding common of the registrant.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
On July 28, 2021, Shaoyin Wu, Kim Lee Poh and Jian Yang resigned as officers and directors of the registrant. As of June 30, 2021, there were 5,871,250 shares of our common stock issued and outstanding.
The O.S count is still the same. That is a good sign.
Tao LIU 780.000 13.29% Is the only share holder that didn't sell their shares to Barry. So that leaves his shares and 25k more shares. That have never been sold. That makes the 805,00 shares unrestricted. Shares held at DTC are only 20k.
These shares must be held in Cert. Form. If anyone wants to chime in that would be great.
The interesting thing is why do they have to sell the shares at a fixed price? In Many previous filings they have talked about this offering.
From Barry's past performance . When a merger does happen. It should be a good one.
pennypauly
2 years ago
Prospectus Dated May 17, 2023
YIJIA GROUP CORP.
805,000 Common Shares to be offered for resale by Selling Stockholders
This prospectus relates to the sale of up to 805,000 common shares, par value of $0.001 by selling stockholders (“Selling Stockholders”). The Selling Stockholders shall sell their common shares at a fixed price of $.14 per common share unless and until our shares are quoted on the OTC Bulletin Board, the OTCQX, the OTCQB or a national securities exchange.
The offering will commence on the effective date of this prospectus and will terminate on or before July 31, 2023. In our sole discretion, we may terminate the offering before all of the common shares are sold.
There is a limited market for our securities. Our common stock is presently traded on the Over-The-Counter Pink market under the symbol “YJGJ”.
Big Brother
2 years ago
Yes, the events there were an absolute roller coaster and ultimately very disappointing......but a part of me would almost like to see Jody put Barry and David Curry together for a potential CO2 Evolve merger here.
I'd certainly rather see that than a mystery Chinese merger or acquisition. The Chinese seem to like these new issue, shells or shell types like this though....and often buy up a lot of them. Barry has done at least one Asian merger, ABVC, and he had a company together with David Lazar called Zenith Partners and Lazar has done tons of Chinese RMs, so that seems like it could be a possibility.
The last merger Barry and/or Betty did recently was PRMK, that's too new to say whether or not it's going to be any good but that shell was also not as good as this one either IMO.
Big Brother
2 years ago
Nice, I'm in as well, I like this one a lot as the Sytner's, Barry and Betty, have had a pretty good track record with their mergers in the past.
ABVC which went to NASDAQ, Infinity Oil & Gas which merged with Ignyta Inc went to NASDAQ and was bought out by Roche AG for $1.7 billion dollars and Tri-Mark MFG which merged with 5 to1 Holding Corp, who was then acquired by Yahoo!.....probably some others I've missed as well, as he has worked with David Lazar in the past on mergers.
Ideally I'd rather not see a Chinese RM, as those have been quite poor the last couple of years or so.....but we'll see.
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