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dude, any suspicion of being a "scam" doesn't come to light for the public by the government for a long time. that would not have happened "long ago." lol some of you have no understanding how investigations work or how long it takes. i am just getting letters concerning indictments and trials of stocks that took 2 years of investigating. so, 6 months isn't long to determine if a company is a scam. if the sec is involved here or investigating this company, you will not get public confirmation of that until next year or even longer, if any formal findings are completed. dolv is in a long waiting game imo.
Tell us what you know.
perhaps in line w their own scheduled roll out!?!
really? since march? not likely.
it's the company.. not FINRA
imo the co's holding.. perhaps in line w their own scheduled roll out!?!
jmo.
glty
DOLV$$$$
130+ million dollars injected to this bad boy in the last 5-6 months..
To think we haven't been well vetted by them already is just idiotic..
We are GOLDEN Mr. GREEN!
Just requires patience!
I have a feeling we are much closer to the starting line than most think as well!
Rag$
It'll be one for the ages when it all comes out...
Hopefully.....6 month since PR.....from what I've read here, all questions and comments from FINRA have been addressed and answered....
Love a Friday after hours change!
Followed by the mother of all gaps monday, that will never EVER be filled!
Rag$
If there hasn't been any more comments from end of last week and this week, then we could get our ticker next week... Who knows, maybe after close today...
Agree name change is easy to get. They would of been 'suspected' of a scam long ago.
(!SEC! investigations are no joke considering the potential here)
They could always find another shell. That would be a failure for all involved with this shell. They are not willing to fail. So much time and money has been dedicated here. They have time. Not like they need market capilization for company growth $Jinbo$ (as of now). This is a well articulated play, years in the making.
DOLV$$ the r/m hasn't been completed!?!
give it time!! ;)
"This reverse merger is a disaster"
What is a reverse merger? IMO below article:
In a reverse merger, investors of the private company acquire a majority of the shares of the public shell company, which is then merged with the purchasing entity. Investment banks and financial institutions typically use shell companies as vehicles to complete these deals. These relatively simple shell companies can be registered with the SEC on the front end (prior to the deal), making the registration process relatively straightforward and less expensive. To consummate the deal, the private company trades shares with the public shell in exchange for the shell's stock, transforming the acquirer into a public company.
Reverse mergers allow a private company to become public without raising capital, which considerably simplifies the process. While conventional IPOs can take months (even over a calendar year) to materialize, reverse mergers can take only a few weeks to complete (in some cases, in as little as 30 days). This saves management a lot of time and energy, ensuring that there is sufficient time devoted to running the company.
Undergoing the conventional IPO process does not guarantee that the company will ultimately finish the process. Managers can spend hundreds of hours planning for a traditional IPO, however, if market conditions become unfavorable to the proposed offering, all of those hours will have become a wasted effort. Pursuing a reverse merger minimizes this risk.
As mentioned earlier, the traditional IPO combines both the go-public and capital raising functions. As the reverse merger is solely a mechanism to convert a private company into a public entity, the process is less dependent on market conditions (because the company is not proposing to raise capital). Since a reverse merger functions solely as a conversion mechanism, market conditions have little bearing on the offering. Rather, the process is undertaken in order to attempt to realize the benefits of being a public entity. (Read more in The Murky Waters Of The IPO Market.)
Benefits as a Public Company
Private companies, generally with $100 million to several hundred million in revenue, are usually attracted to the prospect of being a publicly-traded company. The company's securities become traded on an exchange, and thus enjoy greater liquidity. The original investors gain the option of liquidating their investment, providing for convenient exit alternatives. The company has greater access to the capital markets, as management now has the option of issuing additional stock through secondary offerings. If stockholders possess warrants – where they have the right to purchase additional stock at a pre-determined price – the exercise of these options provides additional capital infusion into the company.
Public companies often trade at higher multiples than do private companies; significantly increased liquidity means that both the general public and investing institutions (and large operational companies) have access to the company's stock, which can drive up price. Management also has more strategic options to pursue growth, including mergers and acquisitions. As stewards of the acquiring company, they can use company stock as the currency with which to acquire target companies. Finally, because public shares are more liquid, management can use stock incentive plans in order to attract and retain employees. (To learn more, read For Companies, Staying Private A Matter Of Choice.)
Disadvantages of a Reverse Merger
Managers must conduct appropriate diligence regarding the profile of the investors of the public shell company. What are their motivations for the merger? Have they done their homework to make sure the shell is clean and not tainted? Are there pending liabilities (such as those stemming from litigation) or other "deal warts" hounding the public shell? If so, shareholders of the public shell may merely be looking for a new owner to take possession of these deal warts. Thus, appropriate due diligence should be conducted, and transparent disclosure should be expected (from both parties).
If the public shell's investors sell significant portions of their holdings right after the transaction, this can materially and negatively affect the stock price. To reduce or eliminate the risk that the stock will be dumped, important clauses can be incorporated into a merger agreement such as required holding periods. It is important to note that, as in all merger deals, the risk goes both ways. Investors of the public shell should also conduct reasonable diligence on the private company, including its management, investors, operations, financials and possible pending liabilities (i.e., litigation, environmental problems, safety hazards, labor issues). (For more, see Why Public Companies Go Private.)
After a private company executes a reverse merger, will its investors really obtain sufficient liquidity? Smaller companies may not be ready to be a public company, including lack of operational and financial scale. Thus, they may not attract analyst coverage from Wall Street; after the reverse merger is consummated, the original investors may find out that there is no demand for their shares. Reverse mergers do not replace sound fundamentals. For a company's shares to be attractive to prospective investors, the company itself should be attractive operationally and financially.
A potentially significant setback when a private company goes public is that managers are often inexperienced in the additional regulatory and compliance requirements of being a publicly-traded company. These burdens (and costs in terms of time and money) can prove significant, and the initial effort to comply with additional regulations can result in a stagnant and underperforming company if managers devote much more time to administrative concerns than to running the business. To alleviate this risk, managers of the private company can partner with investors of the public shell who have experience in being officers and directors of a public company. The CEO can additionally hire employees (and outside consultants) with relevant compliance experience. Managers should ensure that the company has the administrative infrastructure, resources, road map and cultural discipline to meet these new requirements after a reverse merger.
Conclusion
A reverse merger is an attractive strategic option for managers of private companies to gain public company status. It is a less time-consuming and less costly alternative than the conventional IPO. As a public company, management can enjoy greater flexibility in terms of financing alternatives, and the company's investors can also enjoy greater liquidity. Managers, however, should be cognizant of the additional compliance burdens faced by public companies, and ensure that sufficient time and energy continues to be devoted to running and growing the business. It is after all a strong company, with robust prospects, that will attract sufficient analyst coverage as well as prospective investor interest. Attracting these elements can increase the value of the stock and its liquidity for shareholders. (For more, read our related article A Guide To Spotting A Reverse Merger.)
Read more: Reverse Mergers: The Pros And Cons http://www.investopedia.com/articles/stocks/09/introduction-reverse-mergers.asp#ixzz4uk9CMz21
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IMO:
Look back at several of my posts. I can almost guarantee you that this lawsuit pending is keeping the shell "dirty" and from what others have been saying, if this is as large as it could be with obvious interest in the EV market from China and other large auto corporations, they do NOT want to mess this up, so Gonzee, yes you are right that it CAN be a quick process to just change the symbol, HOWEVER, I really believe FINRA may not have seen such a large RM possibly in the history of OTC and RM's.
Let's just say I'm right and they are waiting to make sure the shell is squeaky clean. Once that is done and they merge all the assets into one for PUBLIC trading (as obviously you're going to want to make that stock look as financially attractive as possible), the share price with JUST that along with ANY and I mean ANY inkling of a China government contract and/or partnership with a large auto maker ---- MAJOR BOOMAGE AND MILLIONAIRES MADE WITHIN WEEKS TO MONTHS. EASY!!!!!
We will know when we know. That simple.
Good luck to all.
-OUT-
finra doesn't care about details of operations, unless they suspect they are not legit and basic information about the company checks out. clearly, in this case, that has not happened to finra's satisfaction. dolv will be subpenny imo, by eoy.
like i said, dolv will probably not get a ticker. lol
exactly. it's hogwash. all of it.
jmo.. the ticker change has
more to do w company's alignment
as well as securing their partnerships/deals etc.. quite possibly timing it (coinsidently) w upcoming Quarterly revs..
imo the ball's in their court!! not FINRA'S
DOLV$$$ ;)
This reverse merger is a disaster. Alleged “multibillion dollar companies” don’t go public through reverse mergers in the stinkie pinkies. If ZJMY was 1/10th as big as people assert here, ZJMY could have done an IPO faster. ZJMY = Smoke & Mirrors.
Let's see if a nickel holds.....onto Columbus Day (observed)....GO,DOLAT/ZJMY888
doubt it. that is why i said shareholders will be the last to know. i would suspect the company will just go quiet and scramble to do something different. but, they will already be on record. if it's a scam, they would probably try to r/m into a different shell. finra will be on the lookout, however, for any similarities. and if they try to merge dolv with a different shell to get around name change, i would expect the sec to step in. a name change is extremely easy to get usually, unless you are suspected of being a scam.
That's a big "IF" to go with your opinion
If ZJMY received a Final Deficiency Determination Letter from FINRA, would RO tell people? I think not.
They trade under dolv.....then have a rebranding campaign....at this rate, if symbol is approved, JZMY888 should be well established....
Imo this is the last stop for the jinbo train a lot of loading going on, there could be many
reasons finra is taking their time including instructions from the company. 5s are almost
done. And if you don't think finra knows what we know your mistaken, this is wound
tight and ready to burst.
Are we close to fireworks?????
Gotta be getting close here!
Not normal for a name/ticker/cusip change to take longer than 3 months huh? Total crap. FINRA is not known for their expediency - it is not uncommon at all for this process to take 6+ months. Esp. for the magnitude of RM that is occurring right under our noses. I'd suggest you go back to the drawing board and come up with a better story, rather than spewing obvious lies. Or re-buy the 20M shares sold at trip 9s LOL whoops ;)
If not approved they still own the shell. Put out consolidated financials
under DOLV and BOOM!
But if they don't approve it, what happens? It goes on and on and on or they send RO back to China? Or they decide to stick with DOLV ticker?
Anyway to me seems a win win situation, because the company exists and it's doing great, this you can't deny...
You are right, this situation is not 'normal'. It has defiantly been discussed and written about. It is possible. They are in no rush. There is a reason for everything.
No need to be greedy. Let it sit. Wait, and watch it playout.
The one piece of information I did get when I called was that any ticker change could take months or years. There is no defined time for how long it should take. So we all just wait for as long as it takes.
The company has provided evrything last week.
You know this.
Why keep repeating stuff that is t true?
Ticker Ticker Ticker... Is nothing to be concerned with! All the jibber jabber about the ticker? What is important is the DD and the Qs. I don't care if it takes two years for the ticker to change but I do know it will eventually change and may be make some impact on the pps.
The fins are what make the pps. Those who have been here through the fillings have seen this.
Now back to the Ticker:
I do know of a company that spent two years to get their ticker changed but it did change, to better reflect the company name. The company has 1 bil A/S and is trading at $34 so if you can't wait 2 years for half of that then something is truly wrong with your patients.
Keep the fillings coming RO and DW.
That's all I'm going to say about that.
PS: It may change tomorrow
the calls bring further attention to the company's case. it begs the question as to why is it such a big deal for the ticker to be assigned. i would suspect they don't get investor calls of that magnitude for many other tickers. it's not normal. it's also not normal for it to take more than 3 months to get a new ticker. so, 6-7 months that it has been is highly unusual. clearly, the company has not provided satisfactory answers and info that fnra needs. the fact that they are in china, has no bearing on their response, since there is electronic dissemination of information available. they aren't relying on airmail. lmao the company just isn't providing finra with enough comfort to issue a new ticker. that is obvious. dolv buyer beware.
Can you imagine owning 10’s of millions of shares of DOLV and selling way too early? What a disappointment, I don’t know how I could live with that the rest of my life... I could handle losing some capital on a calculated gamble, but to sell my shares only to realize I gave away millions of dollars, that haunts people forever.
Looking at L2, this could be off to the races, once CDEL falls. It has only 305K shares on the ask side now.
$DOLV$
Disclosure: imho of course, do your own DD.
There is a reason for everything!
Michael T. Williams has some great publications that really relate to this Merger.
Richard Oravec (Pivo) has had lots of cooperation with this man!
Very interesting to watch how this will unfold.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135180800
FINRA doesn't care about our calls. They will allow the change or not based on the facts they find.
Imagine selling 20 million shares at $20.
Strange if we call the same number their is no keith.
Or nobody knows him. .
ASCM is working for CDEL now.
i believe you. i got to speak with someone once, months ago who told me that they had no timeline on giving dolv a ticker, because they hadn't answered questions sufficiently. nobody believed me either. every once in a while, you can call and get a person who will give a little more information that normal reps give about a company's status. the gist of what you were told, it seems, would lead a reasonable person to believe that finra ain't approving a new ticker for this baby. i suspect, though, the reasons are many.
Man, I'm sure you have a semi-decent point somewhere but I seriously can't get past reading a sentence of your argument. I start reading and all of a sudden start imaging what its like owning 20 million shares and selling before this hit a penny. I'm overcometh with grief. ;)
$DOLV BABY!!!
No pr? No letter to shareholders?
Euh, yeah. Pr in april and recently a letter to shareholders explaining many things.
Finra is smart enough to just do their work.
Always screaming!
well, the calls will all but probably guarantee no ticker for this baby. lol you guys are proving EXACTLY why finra doesn't need to give them a ticker. the more people call, the more suspicious dolv becomes for red flags to them, no doubt. best for finra to pass this one off to sec, given the rise from .0001 to .12 without any substantive and verifiable news about their claims regarding their electric battery business. somehow, the board has helped to elevate some kind of perception of them being the next "tesla" backed by a "billionaire." yet, they never came through with audited financials, haven't issued a single pr or shareholder letter explaining anything more about their business. somebody here recently, even said they spoked with ir and were told that ro doesen't even know what is going to be rolled into the business...as if he is clueless about the operations or what the real plans for this shell are. folks here claiming billion dollar valuations for this company that hasn't even manufactured anything yet. lol only on the shady otc.
Right on GF. When you are sitting on a pile of dollars, no time for background noise and sellers remorse. To busy counting the dollars especially waking up in the middle of night just to do that, lol.
All trades are now been channeled via CDEL by all the MM's.
HE is the only MM we up to date time.
In what way was calling finra help?
My call was back in August.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134286746
But I did actually talk to someone right away. Funny thing is I think it might have been a Keith. But I can assure you Keith isn't giving out any info.
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