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They are trying really, really hard to get people to panic but so far, they can only muster up some mirror trades of 10,000 shares between them cause no one is falling for it! Funny as all hell to watch! JMHO
am thinking its about go time with the volume slowing down. Finra has given Enough time for
Wall Street Buds to load up.
WOWSA! And the ONLY remedy for that is to know what you hold....
It would be truly interesting to know if they were really "justified" or if it was all fabricated lies that justified it: just like some companies put out fake financials, etc.
One thing is for certain, and that is that where there's money involved, especially LOTS of money, someone will do all within their power to try and get it if they are the greedy type...
Yep and it is trading at $34.00 per share. I will take half of that in 2 years on this stock! I can then call myself a 'millionaire'! Can you even imagine what this shareholder may leave on the table?
TY
Then it was handled correctly---IMO
i think you did.
There is absolutely NO comparison between the 2 organizations. The facts are not even close between the 2 but hay, stories can be changed to serve each's own purpose! Now, the end result is the stock is now trading at $34.00 per share. I will take half of that in 2 years! JMHO
Some very astute DD by our poster CaniDon brought this to me---it will eventually get posted and I wanted to be sure that there was no comparison to our company---and no panic by our shareholders---
Accumulating through the summer should have shown a slowly but surely rising chart.
None of that.
Dilution creates fake sense of accumulation, except for people accumulating money from the sale of shares. But WANG is rich and he does not dilute his Chinese tea.
Unloading the 700 millions shares bought in February in the trips could be an other explanation for the chart to lose 75% from June 1st.
Either way, DOLV should NOT, IMO, let the shareholders in the dark fed with bull cheese like mushrooms.
I can wait 2 yrs for $34!
No comparison to our quality company and brilliant management people
actually, it is a comparison.
No, it would not be great to compare----They were accused of fraud and found guilty---and settled without admitting guilt---
No comparison to our quality company and brilliant management people
Very interesting art! With that case already in the books I would not think FINRA would want to risk a similar scenario with DOLV. It also seems they are simply interested in receiving final anwers/docs with these last questions, but who's to say a similar thing does not happen again?
Under that scenario, how much money would of this shareholder lost?
Who is it? The automotive company from 2 years ago? This would be great to compare.
OK,, Manti---wanna have some fun????
You really think FINRA would act or respond in such a manner??????
OK, then , try this on for size,
FINRA "denies" the application----the PPS plummets b/c all the big boy bid sitters pulled their bids and let it plummet---panic selling by the folk who should not be in penny stocks and were gambling with the grocery money--
DOLV appeals and low and behold ,, wins the appeal-----
But , suppose they lose the appeal --now it really plummwts---trips---
DOLV appeals to the SEC----bingo, the SEC over rides and reverses FINRA's decision---and we have our new name and ticker ---and we have lost a lot of folks who sold and the big boys picked up all those shares----
The reversal by the SEC caught the mkt flat footed and the pps gapped into the stratosphere---
Do you think this is a fantasy????? I can give you the name of the Chinese automotive company that just went through this scenario---over 2 years to get their name and ticker---but the SEC and FINRA were fully justified in what transpired--------b/c there was justification for their due diligence---
Their PPS is today at $34 and change
wowza, mav. you have me pumped up. I'm ready to run through a brick wall.
Yeah,, I agree--
I think supply is very limited---
Golly. Now my suggestion from a few weeks ago is still alive and well?
Patience Mav, you will be ridiculed for thinking such a thing is possible. After all, a fine upstanding quasi-government entity like FINRA is above reproach. After all, wasn't Bernie Madoff connected to finra and that's how he was so well connected? lol
I still fully agree that what we have postulated is not only possible, but highly likely. I just wish we had thought of it sooner. It may have helped us be more patient in accumulating knowing that this would drag on so insiders could load up.
Bottom line, whenever the accumulation is finished and the kraken is released, we'll be here!!!!
All of that is irrelevant and has no bearing on DOLV or its stellar future, ROFLMAOOOOOoooooo
Good luck!
DOLV
agree.. more than simply sustaining
the pps is gaining.. showing an increase in involvement.;)
That is quite possible Mav. Also, Oravec is well known as a proponent of alternative IPOs... this probably does not sit well with many on wall street that cannot benefit from having a large Chinese outfit like Jinbo pay out huge fees on an IPO.
But when this cavity search ends there will be no stopping the Jinbo Express. And FINRA reps can sense this already.
That is an amazing thought.....SOMEONE or some organized group has been acquiring shares for literally months. Methodically.......non stop.....
The Accum/Dist chart line looks like my blood pressure chart when I think about how rich we’re all gonna be.....lol.
Nobody has been selling for months. They fool a few but add it up, very few millions of shares have ever been shaken. It is absolutely incredible that under such and organized barrage we are still standing, let alone flourishing.
Agreed Mav Wall Street will never change ever.
Everyone is connected and they take care of
one and other.
Good thing that we all have opinions.
Company has already spent in excess of $ 200k on this process and I see them following through...
i don't even think they would have been given a name change without the r/m, because of the history of the ticker with sec prosecuted cases, as one which was manipulated for a long time. i think they still would not get a new ticker.
IMHO...
This my opinion on the delay...
Anybody knows that most of the worlds governments and their agencies have questionable internal activities...(corruption greed etc.)
Now if the workers at FINRA dug and discovered the colossal size of this deal... basically the next TSLA... what do u think they did... they stalled... asked every possible question... meanwhile at arms length the wall street associates started to buy up stock here. Finra is a puppet to these major players on wall street. And there is no way they'd let this go without getting their. Piece of the pie.
This explains the exponential accumulation. Throughout summer... on no news and complete silence... "they" are loading. You can bet on it.
Now their game of stalling and accumulating is coming to a end. Eventually they run out of legitimate reasons to stall.
The ticker will change and kaboom.
Where do u want to be? I am following the 140 million dollars injected into this shell. Got my front row tickets to the greatest show on earth.
The days of cheapies is quickly comjng to a end imho
Get ready.
Mav
I am impressed by how many people on this board have become spokespersons for finra today. LOL Give me a break
and i think finra probably suspects fraud is involved here as well, along with stock manipulation. lots of other issues plaguing this one. that is why i don't think the company will ever be allowed to trade on the otc.
Suspect, likely?
Means nothing other than presume or assume or maybe etc...
It doesn't matter what we believe. It has no bearing in the outcome.
Lets talk facts.
Facts are no one has any idea what FINRA is up to. Speculate all day long.
Still doesn't matter.
Well I only wish that I owned these shares because I would of sold at .12 and been a multi millionaire! Wow, amazing the money left on the table! The post I am replying to is a very, very important read. JMHO
FINRA knows a great buy when they see it R2R! They would also like to retire on $DOLV/JBMY$
I was thinking the exact same thing.
DOLV
FINRA approves symbol/name changes all the time, that’s true. However this transaction is not just a symbol/name change but it’s a reverse merger. And reverse mergers without an S-1 filing, are going to have more difficulties complying with FINRA Rule 6490. People need to understand how FINRA Rule 6490 impacts reverse merger companies.
The PPS will not run when symbol changes it will be announce after hours or pre market.
There for the PPS will JUMP huge those that think they can wait for finra are nuts.
I have all my tickets for this huge leap in PPS
Ha, $DOLV/JBMY$ babesters rock! There is no more entertaining stock play than this. Everyone <3s them some DOLV!
Thanks brother. DOLV long and strong!
All you need to do...
Is pull up the A/D chart and check out the line that is at its highest ever with around 140 million accumulated and distributed this year... through summer.... on no news...
Hmmmmmmmmmmmmm...
Follow the money...
PPS explosion is coming soon imho
Mav
well, here you have it...therein most likely lies the problem...the r/m, which i suspect finra feels is covering fraud by the company:
In the text of the Rule 6490, FINRA notes that the SEC is concerned that “certain parties” may attempt to use corporate action requests to further fraudulent activities.
Rule 10b-17 of the Securities Exchange Act of 1934 (“Exchange Act”), requires issuers to provide FINRA with notice 10 days prior to the record date of a dividend or other distribution in cash or in kind. This often creates significant delays for issuers engaging in corporate actions such as a stock split, change of control or reverse merger transaction. Issuers that file notice of a corporate action timely pay a fee of $200. Filing late can, however, have considerable impact on small issuers, resulting in a fee of up to $5,000 for a notification after an effective date.
Rule 10b-17 Authority for FINRA Rule 6490
Securities and Exchange Commission (“SEC”) Rule 10b-17 requires OTC issuers to notify FINRA of certain corporate actions. The rule applies to all companies whose securities are quoted on the OTC Markets platform.
Complying with Rule 6490’s requirements may entail an unanticipated legal and compliance cost for issuers and their securities attorneys, who may be unfamiliar with FINRA’s authority under 10b-17. Additionally, many OTC Markets issuers are not prepared for the Depository Trust Company (“DTC”) review that may be prompted by the issuer’s corporate action notification.
Corporate Actions Impacted by FINRA Rule 6490
Rule 6490 requires advance notice to FINRA of the following corporate actions:
? dividends or other distributions;
? forward or reverse stock splits, or rights or other subscription offerings;
? any issuance or change to a symbol or name;
? mergers, acquisitions, dissolutions or other company control transactions; and
? bankruptcy or liquidations.
FINRA Rule 6490 Procedural Requirements
Rule 6490 requires issuers to complete and provide the required notice to FINRA at least 10 business days prior to the record date of the corporate action. FINRA approval must be received before the corporate action becomes effective. In addition, FINRA may request additional documents, and conduct detailed and selective reviews of the issuer submissions which may cause the issuer to delay the announcement of its corporate action.
For some types of corporate actions, such as dividend payments or stock splits, the necessary paperwork can be handled by the issuer’s transfer agent.
Rule 10b-17 prescribes information that must be included in the notice as follows:
? the title of the security;
? date of declaration;
? record date;
? payment or distribution date;
? for cash distributions, the amount to be paid per share;
? for distribution of securities, generally the amount of the security outstanding immediately prior to and immediately following the dividend or distribution and the rate of the dividend or distribution;
? details of any conditions that must be satisfied to enable the payment or distribution; and
? additional details relating to stock or reverse splits.
Supporting Documentation Required by FINRA Rule 6490
The issuer should be prepared to provide the following documentation, which may vary depending upon the particular corporate action being taken:
? File-stamped copy of the original articles of incorporation from the original state of incorporation which shows the company’s current name;
? File-stamped articles of merger for both the acquired and acquiring issuer if a merger was completed;
? If an amendment to the issuer’s articles of incorporation is not required, then the issuer’s securities attorney should provide written confirmation citing the applicable law or corporate by-law;
? Executed and notarized resolutions appointing the current and former officers and directors and resignations from former officers and directors;
? Transfer Agent Verification Form from the issuer’s transfer agent;
? Legal opinion from a qualified securities lawyer stating that the corporate action being taken complies with applicable state law;
? Notarized shareholder consent approving the action; and
? Cover letter providing the complete corporate history of the issuer and all material facts of the corporate action being requested, starting on the original date of incorporation and including all corporate changes that have occurred from the issuer’s incorporation until present, including, but not limited to, changes of control, reverse mergers, name changes, etc.
When necessary, the issuer is also required to provide confirmation of its new CUSIP number from CUSIP Service Bureau.
Denial of Corporate Action Requests
In some circumstances, FINRA may decline to process corporate action requests. It can find a request deficient only if:
? staff believes that the forms and documentation submitted are incomplete, inaccurate or lack proper authority;
? the issuer is not current in its reporting obligations;
? FINRA has knowledge that parties related to the action are the subject of pending, adjudicated or settled regulatory action or investigation, or civil or criminal action related to fraud or securities law violations;
? a government authority has provided information indicating that persons related to the action may be involved in fraudulent activities; and
? there is significant uncertainty in the settlement and clearance process for the security.
An OTC issuer whose securities are publicly traded should consult with an experienced securities attorney to determine whether notice to FINRA is required before taking significant corporate actions to avoid interruptions in trading.
Ya know what? I think you are absolutely spot on babester.
Finra approves name/symbol changes all the time with unaudited fins. Check the daily list and pick a few and read their unaudited fillings.
You will generally find that the unaudited statement in the attorneys letter.
The smell of desperation is in the air.
DOLV
I agree... yes it takes time to get a name/ticker symbol change and DOLV/JBMY? is truly worth the wait!
The facts are indisputable and the opinions/conjecture otherwise is unsubstantiated.
Gotta keep your eye on the big picture here... and there's so much of it I feel very blessed to be in DOLV/JBMY?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135185121
Very best to you and all with DOLV/JBMY?
That would have already happened and guess what? Finra ain't doin nothing based on your opinion.
FINRA will flunk ZJMY because IMO the company’s failure to comply with FINRA Rule 6490. When people understand how Rule 6490 effects reverse mergers, they’ll understand ZJMY hasn’t met FINRA compliance requirements. ZJMY is toast.
could be fringe benefits of the job, our family members and friends. but this is not ihub money Imo
If it was we would be stuck in the .03 range still.
Finra loading cheapies lol
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