Majority shareholders = Major Investors DD.
(I know you posted the link, that was part of my point).
From the .gov.cn website we see our company, check
. Zongji Ming Yang New Energy Technology Company., Ltd.
I see the mysterious Wang Dequn
as the legal representative, check
I see Shenzhen Jinbo Investment Holding Group Co., Ltd
. That Jinbo
connection again. Check
. Not to mention the Jin Bo Zhong Ji Ming Yang Motor Trading Company, Ltd.
Another Wang Dequn
enterprise, double check
Okay. I'm going to change this part and assume the translation of "amount paid (million)
" is off. Let's be conservative and assume it is in Wan
, which would be more consistent with the Tianyancha numbers.
From Flo's post we see 10 wan = 100,000 or 1 wan = 10,000
See Flo's stickied post on The Financial Job Description
The job is responsible for crowdfunding for 10wan (100,000) units of free buses... The job description specifies 100,000 is the unit of bus, not salary amount.
I see that Shenzhen Investment Holding Group Co.
has invested 1477 million yuan [assume Wan, so 14,770,000 yuan]
over $2.2 million
on Feb 14, 2017. Check mate
Didn't we see an infusion of well over $2 million USD
in the 1st Quarterly Report
of 2017? https://www.otcmarkets.com/financialReportViewer?symbol=DOLV&id=175501
Wait, Hold on. Can we get a second opinion?
I happened to save some screen shots of ZJMY New Energy Technology Co.
on the Tianyancha site, before access was blocked by China. What does it say?
I see Kim Bo [Jinbo
] owns 31%
of the company and Wang Group 20%
. Between Jinbo and Wang Group thats 51%
of the company. Why would they do that? Crazy to own majority interest in your own company.
Again, on the Tianyancha site,
I see a subscription
of funding by Han Zhiming, Wang Dequn and Shenzhen Investing Holding Group
. Appears to be an annual subscription
of funding until 2045
. Check Mate
Note the subscription funding amounts match
the majority shareholder's equity percentages!
Remember 10,000 = Wan
Han Zhiming - 24,000,000 yuan or about $3.6 million USD (about 48%).
Wang Dequn - 10,000,000 yuan or about $1.5 million USD (about 20%).
Shenzhen Investing Holding Group - 15,500,000 yuan or about $2.3 million USD (about 31%). TOTAL FUNDING = ABOUT $7.4 MILLION USD
I believe this is a subscription for annual funding
by the majority stakeholders till 2045. 28 Years of that annual subscription of funding = about $207 Million USD
translated speech in signing ceremony (stickied post by MO). https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132687180
Our mission is to build one of the greatest companies in the world...
The new energy car is the future development direction, we are ready to invest heavily, we will introduce the latest high technology, I must do big and strong.
Looks like Wang JinLai's statement was not an empty promise on the heavy investment as evidenced by the investments in ZJMY by Jinbo's Shenzhen Investment Holding Group and Wang Group (Wang Dequn). Millions
will be invested by the majority equity owners annually imo!!! They will not let it fail. They want the company to succeed even more than we do.
We should see some of these numbers reflected in the other quarterly reports and the annual report of 2017.
We've seen Jinbo (Shenzhen Investment Holding Co.
) make their annual investment of about 2.2 million
imo. Wang Group and Han Zhiming
should contribute their 5.1 million
in another quarter this year.
Only Press Releas
e in 2nd Quarter
of 2017. https://www.otcmarkets.com/stock/DOLV/news/Dolat-Ventures-acquired-by-China-Based-Battery-Manufacturer?id=155356&b=y Evidence of PnD by the company
1 - Press Release (April 6 and 7, 2017)
1 - 8-K (June 27, 2017)
1 - 1st Quarter Report (June 30, 2017) with 2 ammendments (July 4, 2017).