Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Can anyone here tell me the justification for reverse splitting?
Thanks
Hilarious. You guys think they can get uplisted to the NASDAQ/NYSE when they can't even meet the minimum requirements for OTC?
I bought back in 2017 and I'm down over 90% on my investment.
So, I sold my shares for a hefty loss last year. I'm looking at the financials of this company and see it hasn't posted a quarterly earnings in almost a year now? How can anyone actually believe this is still the real deal?
That's what it seems like. Reading the translated article posted earlier, vehicles that are not registered in China cannot be driven on the road. So this company is done if it cannot register it's vehicles. That said, the article also states the owners are in the process of getting the vehicles registered so we'll see.
This is from the Q1 last year.
Security Symbol: DOLV
Exact title and class of securities outstanding: Common
CUSIP Number: 256596107
Stated Par Value: $0.0001
Total authorized: 2,000,000,000 as of March 31, 2017
Total outstanding: 777,691,800 as of March 31, 2017
Total unrestricted: 736,073,319
Total number of shareholders: 134
Number of Beneficial Owners: 1
And this is from the current Q1.
Security Symbol: JBZY (formerly DOLV)
Exact title and class of securities outstanding: Common
CUSIP Number: 466102099 (formerly 466102100)
Stated Par Value: $0.00001
Total authorized: 2,000,000,000 as of March 31, 2018
Total outstanding: 8,470,418 as of March 31, 2018
Total unrestricted: 7,924,439
Total number of shareholders: 4,000
Number of Beneficial Owners: 132
Oh look, an increase in 100M shares in the last year. O/S in December 2016 was 695M.
Edit: I misspoke and said 2017 when I meant December 2016.
O/S was 695M in December 2017. Now it is 8,470,418 as of March 31, 2018. This means pre-split, it'd be 847M shares. That's a difference of 152M shares that's been diluted.
Can you please source where they said this? This to me is also unconfirmed DD...
Q1 Link for everyone.
https://backend.otcmarkets.com/otcapi/company/financial-report/194352/content
Lost $80k in this quarter.
Can anyone tell me what happened to the taxi order?
Bahamas busses order?
Long Star partnership?
Other plates?
Merged assets?
This won't ever reach the levels it has hit before imo. Might be able to hit $2 again in the long term but my Outlook on this is extremely low.
That's the debt they paid off by diluting $13k worth of shares last year.
Lol, these financials don't have any additional assets from the q3. Stock is going to plummet tomorrow.
Talked to Richard the other day. He said he is working on posting financials with OTC Markets now. He didn't comment on what/why it was delayed, though. Maybe someone else talked to him and decided to buy in.
Maybe. We'll see what happens in the near future.
To me, it looks like a long sold off their shares this morning into the bid. 7 months now, no word from company.
Thanks for posting. Do you have any more info on the OTC application that's causing a delay?
Did people just forget this company hasn't posted q4 or annual report? That's beyond late.
JBZY SECURITY DETAILS
Share Structure
Market Cap
Not Available
Authorized Shares
Not Available
Outstanding Shares
Not Available
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
Not Available
Par Value
No Par Value
Can anyone tell me why share structure is no longer updating? Couldn't they be easily diluting under our noses and we wouldn't even know?
So is JBZY gonna post their Annual Report or no?
It's been over 6 months now since last word from the company. This is by far my most frustrating investment.
I definitely agree on this. I'll reply to your PM tomorrow.
When you bundle in the industry of electric vehicles database over in China missing all signs of ZJMY EV parts (and Long Star's), it also leads to more questions. As I've stated several times, I am invested in this and have been since last April but there are a few red flags I run into occasionally. Such as;
Cons
* The enormous delay on consolidated financials. They said they were expecting it in two weeks over a year ago now, and we are still waiting.
* Richard and his Co.'s history with chinese reverse mergers (almost all of those tickers are now 0 bid and defunct.)
* Constant yield/stop signs. A Nasdaq-prone company would not have this issue.
* Lack of evidence pairing JBZY ticker with the actual Jinbo and/or ZJMY.
* Their web site for a billionaire-backed company is a joke.
* Company's IR is completely non-existent (no emails, shareholder meetings, etc.)
* Their "new site" has photo-shopped images of competitor vehicles on it.
* I have not heard any more big news since last November, pre-split. Before we were getting news of plants being built, government contracts, etc.
* The company opted to do a reverse stock split with no explanation shared to shareholders.
Pros
* The company hasn't diluted for profits (something scams tend to do.)
* The company isn't pumping the PPS so that they can dilute $millions worth.
* The company has Chinese.gov sites that display potential car sales figures.
To me, the cons are adding up and the pros are losing their worth. PPS seems to reflect that.
I'm seriously hoping they release financials soon so we can actually see what we own as a shareholder. We are now 6 months since the last word from the company.
It's been almost 6 months now from the time the company was merged into JBZY. Surely it would show by on the Chinese databse by now?
Point 1 doesn't make sense. The company is already public.
Guys, it's not doom and gloom for the company when it gets a stop sign. It has ALWAYS been late to filings. This is no different. Just wait it out or sell. I'm expecting financials to honestly be 'meh' but if there are any types of partnerships this thing can fly.
I still think Wang did this to make the outstanding 54M shares worth less. We were caught in the crossfire.
I'm with you on this. There's just no communication whatsoever.
Tell me about it...past due on fins now, even by JBZY's standards now.
It looks like they do. You might have a special account that gets this charge waived.
Voluntary corporate reorganization
$38 Per Transaction
https://www.fidelity.com/trading/commissions-margin-rates
Then this isn't so bad. I haven't been charged a 3rd fee yet. But I have been charged $38 twice so far.
Reorganizations Fee
$38 for mandatory actions (e.g., mergers, reverse stock splits)
$38 for voluntary actions (e.g., tender offers)
$50 for actions reflected on physical certificates
https://us.etrade.com/what-we-offer/pricing-and-rates
Shares are being converted back to JBZY. They are going to (probably) have to re-issue the shares.
My question is will this cost me another $36 fee from E-Trade again?
Realistically, as a long, I have not seen him express NASDAQ as a goal. The closest being the shareholder letter from last August mentioning dividends as a possibility.
The Taxi Order, Bahamas Busses order, and other things Floridany stated would happen never did. And I think that's where we heard the NASDAQ goal.
If you have a source of something from Jinbo, or JBZY mentioning NASDAQ, please let me know.
I'm not saying it's not possible, but on average they always post earnings around 3 weeks late. Also, they post in the morning right after market opens or mid day.
They have consistently posted qaurterly earnings. Wyoming SOS already has the annual report. Waiting for company to publicly release it.
We may get a yield sign before it's released first though.
If you look at Jinbos official site, you'll see a ZJMY link at the bottom of their home page that points to http://zjmy888.com/.
I am not sure why they went the route they did for the registration though.
lol this is awesome. You can pretty much say that about any pennystock though.
You know it's against Ihub's rules to advertise other tickers on a board.