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YO

YOBI

1 fund·$35M raised◔ Unclaimed
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Avg Composite
11.7
Mid pack
Active funds
1
of 1 vintage
Total raised
$35M
disclosed offerings
Followers
0
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Composite score · by vintage

1 scored fund · avg 11.7
2550752018YOBI CAPITAL FUND Corp · vintage 2018 · 11.7
Top quartile Middle Lower Sponsor avg

Disclosures & prior history4 disclosures · worst high

Material items extracted from the risk-factor, conflicts, and prior-performance sections of YOBI's PPMs. Each is quoted verbatim with its source page — surfaced, not editorialized.

Material disclosure — Yobi Capital Fund Corporation

High

Auditor issued a going-concern qualification citing the Company's inability to generate sufficient cash flows, accumulated operating deficits, and working capital deficit; auditor stated the Company may be forced to cease operations if it cannot obtain adequate capital.

These matters raise substantial doubt about the Company's ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.
PPM p.3699% confidence

Key-person history disclosed — Management team / Darrell Hubbard

Medium

The Company relies almost exclusively on its management team performing roles without compensation until funds are raised. If any management personnel quit, died, or became unable to serve, the business may fail. Even if all Shares are sold, Darrell Hubbard and affiliated companies retain complete voting control.

For now, however, the Company relies extensively - almost exclusively - on the willingness of our management team to continue to perform their roles without compensation until funds are raised in this Offering. If any of our management personnel quit the Company, died, or became unable to serve because of illness or injury (e.g., a car accident), the business of the Company may fail.
PPM p.795% confidence

Related-party conflict disclosed — Darrell Hubbard / Star Shares Corporation

Medium

Company founder Darrell Hubbard also founded Star Shares Corporation, a competing crowdfunding platform operating in the 'paid performer' market. The Company agreed not to compete in that niche, potentially forgoing business opportunities. Additionally, executive officers Darrell Hubbard, Emanuel Harrington, and Valerie Maat are siblings.

We have agreed not to enter into the 'paid performer' or 'professional earners' market, as this market requires unique expertise and skills. Our founder has established a separate entity, Star Shares Corporation, to operate in this specialized market and we may lose business opportunities based on this agreement.
PPM p.596% confidence

Related-party conflict disclosed — Vertron Corporation / Darrell Hubbard

Medium

The Company has entered into three significant contracts (Software License, Software Services at $1.4M/year annualized, and Patent License) with Vertron Corporation, which is 100% owned by the Company's founder and controlling shareholder Darrell Hubbard. These transactions were not negotiated at arm's-length. Vertron is also a selling shareholder in this Offering.

The Company will enter into transactions with Mr. Hubbard and other entities he controls, as well as with other affiliated entities. Although we will always seek to establish fair terms, such transactions will not be negotiated at arm's-length and therefore may not be as favorable to the Company.
PPM p.1097% confidence

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