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For sure. It will happen when it happens.
As I have mentioned before, we may have not yet hit the companies chosen effective date yet.
There may have been requests for more info, but the original timeline may still be intact, or it could have been set back a few weeks.
We simply do not know for sure. It's all speculative.
I find understanding the FINRA process beneficial, especially for future plays with reverse mergers.
No concerns here that ticker and name change will happen.
Your right. About time to decompress.
FINRA posts ticker and name changes for non reporting companies all the time.
LOL. Again the S-1 process is to register shares and become a publicly traded company. SEC reporting is part of the process and ongoing requirement.
A S-1 Registration is the SEC process by which a company can go public. DOLV IS ALREADY A PUBLIC COMPANY.
No reason to do a S-1 Registration again unless they plan on re-registering with the SEC. It is not required since JB&ZJMY can spend the one year "seasoning" period on OTCmarkets and then list to NASDAQ and become SEC reporting. Conversely, JB&ZJMY can list to NASDAQ or other exchange in a few short months by doing a bought deal or firm commitment underwriting and becoming SEC reporting. Again, the S-1 registration is to become publicly traded.
JB&ZJMY avoided the S-1 by reverse merging with Dolat Ventures, a publicly traded company. The private company, JB&ZJMY, is replacing the public shell company, Dolat Ventures. DOLV's board of directors has already been supplanted by Wang and company. The reverse merger will be finalized when all corporate actions relating to the merger are approved by FINRA and the name and ticker change become effective.
As I have posted repeatedly, I agree that the 10-K and 10-Qs could be a response to a request by FINRA for more information. If the 10-Ks and 10-Qs keep coming down the pipe, I would think that DOLV is working on becoming SEC reporting as a precursor to moving up to NASDAQ and not as a request by FINRA relating to the name and ticker change.
A pink can choose to be SEC reporting. It doesn't have to be. As part of a pink's initial disclosure process it is required to provide 2 years of financials. See Pink disclosure guidelines on OTCmarkets.
From RO's book:
"You don't avoid SEC disclosure and audit requirements by doing a reverse merger." You still have to file the PCAOB audit with the SEC within four days of closing the reverse merger. 8-Ks are required upon completion of an acquisition (merger). When involved with a reverse merger, it is known as a Super 8-K. When the name and ticker changes (which they will), look for a Super 8-K and PR within days. As stated in RO book, "If you go public through a reverse merger, ... , then you are public the day your merger closes and the Super 8-K is filed."
A company can also go the Form 10 (blank check shell) route to go public. DOLV is not a Form 10 Virgin Non-Reporting/Non Trading Shell. Form 10 does not apply to DOLV. These shells do not trade either on the OTCmarkets or pink sheets. Again, Form 10 shell does not apply to Dolat Ventures.
A Form 10 shell has no free-trading stock so to trade you have to go through the entire S-1 registration process anyway (unless you meet a very pricey exemption). According to RO's book Form 10 (blank check shells), "in general they can be a complete waste of your money....Give very serious consideration to contacting an SEC professional before you potentially waste tens of thousands of dollars to buy a shell that does nothing for you."
Here is some reading material:
From Wiki
Interesting and agreed. The word "inactive" threw me off a bit.
That can be interpreted 2 ways IMO.
1 - It can mean JB&ZJMY Technology Group Holding Inc. became inactive since it was the entity that merged into Dolat Ventures, a WY corporation, under the agreement made with Wang on Dec 2, 2016.
We know it was a private company since it does not have a Central Index Key.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Q1n7TXpdWAOEA8b%252bgfSZyg%253d%253d
2 - It can also mean that the company became "inactive" since the Board shelved JB&ZJMY Tech Group Holding company and merged the China-based ZJMY directly into Dolat Ventures.
I agree with you that the first interpretation is the correct one. Again, I have read that merging a private-based US company into another US company is taxed once while a foreign company merging directly into a U.S. company is taxed double.
I think it is too much of a coincidence that JB&ZJMY Technology Group Holding filed its Articles of Incorporation on 11/30/2016 and Filed its Initial List of Directors on 12/2/2016, the date the DOLV acquisition agreement was made with Wang.
I expect 7-10 cents by the end of the week, even without ticker and name change.
If previous DOLV small run patterns with similar volume hold, we should see another or several high percentage PPS increase days in the next week of trading (maybe both tomorrow and Friday).
One or a couple of the next several trading days should have 1-4 cent daily increases if history repeats.
All IMO and history doesn't always look in the mirror.
There will come a time when JB&ZJMY puts their foot on the pedal and never looks back. DOLV will be long gone from the rear view mirror.
If they have more already completed, I expect to see them soon(hours or days).
If no more 10-Ks or 10-Qs come out in the next few days, I'm going to assume that it fell under the "additional information" requested by FINRA, and we will see the name and ticker change very soon.
If the SEC filings continue to flow out of the pipeline, I would lean toward JB&ZJMY becoming SEC reporting as another step in their NASDAQ journey.
I still expect 7-10 cents PPS by the end of the week, even if name and ticker does not change.
Great thought and I agree.
They are being methodical about becoming SEC reporting, unless this was all part of the additional information required by FINRA for effecting the name and ticker change. Either way it is good news.
No surprise for us longs:
My post from 8/6/2017. That statement was made assuming no ticker change. Ticker change and PR makes it go Wicked Weasel!!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133613371
Agree. We are already current according to the Alternative Reporting Standard. No reason to catch up on all these old filings unless we are becoming SEC reporting soon.
More filings should be coming down the pipe soon. It looks like to me, they want to release them all concurrently (IMO).
Agreed!! A scam would be spending more time on their Ps and Ds.
You are reading between the lines. He never stated that actual EVs have not been produced.
It never says "only". That statement is not all inclusive. If you don't understand that, I can see why you haven't understood most the DD that has been produced. Reread that last line of the first paragraph until you fully understand it. It does not include "EVERYTHING" the company has done "To date".
The July 11 Quarterly made DOLV current on OTCmarkets according to the Alternative Reporting Standard for a Pink company.
The SEC S-1 Registration process is one way a company can go public but not the method used with ZJMY. JB&ZJMY Holding Company became publicly traded via a reverse merger with DOLV. JB&ZJMY has avoided the S-1 Registration process and can wait the one year "seasoning" period to list to NASDAQ or do a bought deal or firm commitment underwriting to list to NASDAQ in a few short months. Then they would have to become SEC compliant obviously, and provide all the necessary audited Financials and filing information as required by the SEC.
A company has to be current and meet FINRA's requirements for FINRA to process corporate actions.
You miss the mark again and again.
As the Security Times article stated, that was widely distributed in China, FINRA required a "more rigorous and detailed audit". This 10K is further evidence of that. At this point, I hope FINRA's request for a more detailed audit is assuaged, but if not, JB&ZJMY's PCAOB registered accounting firm will continue to "clean" and clear things up so the name and ticker change can become effective.
IMO, this 10K also further proves that DOLV was/is a "Shell" company because of the "Nominal Assets" as defined in rule 144.
Thanks. Sounds like they are going to have everything including the kitchen sink.I like stainless Steel. It equates to quality.
Let's hope all these subsidiaries are part of the suspected TRKG merger.
Here is an excerpt of a recent PR for reference.
I edited out specific information to stay on topic, but DOLV's PR could be along the same lines.
I will concede that some eager companies sometimes will release a PR once FINRA approves the corporate actions, but before the ticker and name change become effective. More typically companies wait for the effective date of name and ticker change for their comprehensive PR, instead of doing a play by play.
Then you should know that the merger becomes effective when all the corporate actions integral to the merger become effective including the name and ticker change. You would also know that the PR summarizing the completion of all corporate actions relating to the merger is typically released when the new name and ticker become effective.
5 calendar days on a quarterly report.
https://www.otcmarkets.com/marketplaces/otc-pink
Thanks. TRKG with HD International Holdings Group President, Yong Ding, in charge. TRKG updated (4/28/17) board of Directors matching several of the HD International Holdings Group directors. Hmmmm. You don't have to be a genius to figure out the big picture here, as Floridany and others have painted for us.
I will wait patiently for the reverse merger to unfold.
Anyone know what the amendment was about on 6/21/17 on the NV SOS?
I don't know how to see what the Amendment was about.
Is there a way to see the actual amendment? They already have a new Registered Agent on 4/28/2017, so maybe it is a Name Change, Authorized Share change or some other change.
I believe the company Flo describes is a different company.
Very well done. I like the timeline you put together that shows the progression of the EV Technology R&D. We can see some other possible companies coming into the Holding company, unless they were already absorbed into ZJMY. They may remain as ZJMY subsidiaries.
Henan Qianxi New Energy Technology Co., Ltd
Notice the company lists 7 patents.
It looks like the following company of Han Jianfang is a separate entity from Wang's Wuhu Huaba Electric Vehicle Co., Ltd, since it has a greater Registered capital. It could come into the holding company as well if it isn't part of ZJMY already.
Wuhu Huaju Electric Vehicle Technology Co., Ltd
I don't think there is a time limit in order to get the stop sign removed. It will obviously be in the company's best interest to get updated on all the required filings (financial statements) as soon as possible, especially if like the tweet mentioned, they are planning an APO.
Sorry for the long post, but it could be helpful to others.
An APO would require the company to be SEC compliant and that disclosure process would be followed.
Since TRKG is a pink, they don't have to be SEC compliant.
It appears a company can remove the stop sign at any point in time if they are willing to put in the work to become current, whether through the SEC or OTC Pink disclosure guidelines.
Note: If a company chooses to follow another reporting standard such as the International Reporting Standard or SEC Reporting Standard, it meets the Alternative Reporting Standard requirements. Pinks can choose to be SEC Reporting.
https://www.otcmarkets.com/marketplaces/otc-pink
TRKG may use the Alternative Report Standard to get Current first, and later become SEC compliant.
Thanks for the response.
I agree but would put the PR announcing the Tracking Corp. and HD International Holdings Group merger just after the updated Filings.
IMO it will go like this (based off of other examples):
1 - TRKG posts filings to remove stop sign and get current on OTCmarkets. Attorney letter will be needed.
2 - TRKG posts PR announcing merger with HD International Holdings Group.
3 - CUSIP # change.
4 - SOS Name Change (It's dependent on new CUSIP as I understand).
5 - Ticker and Name change once FINRA effects all corporate actions pertaining to the merger.
6 - PR (probably on the effective date of name and ticker change) stating that FINRA has accepted all corporate actions necessary for the merger, and some juicy news on the company's direction.
We are given a great opportunity to get in on the ground floor here before the Merger is even publicly announced.
Floridany and the longs were right about their last call on a Reverse Merger BEFORE it was publicly released in a PR. That company was in the TRIPS and now is about 4 cents like TRKG.
Its a different company with the same Transfer Agent as DOLV. See Ilhabela's message I replied to.
I'm not saying DOLV Ticker will change tomorrow. I'm simply showing that the ticker change of a company with the same Transfer Agent was not delayed due to the fact the Transfer Agent, Vstock Transfer LLC, is a current defendant in a lawsuit.
I considered the lawsuit delay until I found this:
Note their Transfer Agent: same as DOLV. It did not affect the corporate actions with FINRA or their Ticker changes. Note the dates, I find them interesting.
https://www.otcmarkets.com/stock/MPAYD/profile
Good point. Dates go by everyday.
8/8/17 will come and go just like 8/7/17 and 8/6/17.
Different things can happen on any given date, making each day unique and a great opportunity.
DOLV is primed and ready to go. Don't miss the launch date.
IMO, I wouldn't be surprised if we reach the 7-10 cent range by the end of the week. I could be wrong, but I'm still going to hope for it. All we need are the right catalysts, many indicators are saying "Ready for take off!" We are oversold. Reversal is imminent.
Personally I hang hope on each new date in the calendar for a lot of things, not just DOLV.
India is pursuing EVs with battery swap technology.
EVs with battery swap technology could be the wave of the future in Asia.
A couple of India's homegrown EV companies are working on it but JB&ZJMY has better battery technology IMO. The India company's EV bus only has a range of 120 km. If ZJMY's bus is anything like their V3 SUV it should have a significantly higher range.
https://www.optimistdaily.com/2017/07/india-introduces-electric-buses-that-can-swap-batteries-at-gas-stations/
July 19, 2017
https://qz.com/1033014/ashok-leyland-wants-to-bring-electric-buses-that-can-swap-batteries-at-petrol-pump-like-facilities-to-india/
Here is a quote mentioning India's EV plan:
You're a gentleman and a scholar. HDIH makes sense. HD-International Holdings Group. I still believe it will take some time for them to get their filings and everything in order and up-to-date in order to effect all the corporate actions pursuant to the reverse merger including the name and ticker change. We know how long these things can take. HDIH may be one of the quicker ones though.
We will need to see the name change on the NV or other state SOS first.
http://h-djt.com/company
There are 6 companies or subsidiaries of HD International Holdings Group as Checkfan posted earlier. This could be bigger than I originally thought.
1 - HD advanced lubricants
2 - HD gas technician
3 - HD brand heavy truck industry chain
4 - Jiangsu love funny Environmental Technology Co., Ltd
5 - HD Environmental Technology Holdings (USA)
6 - HD car manufacturing holding company (USA)
Happy to help.
Q2 and I would think the consolidated financials would come out as well at that point.
Then we will see ZJMY's 50 million Yuan registered capital come into play that NaturalbornInv was worried about.
IMO soon, very soon. I hate to hazard a guess since I was already wrong about July 31.
My second guess was/is 8/8/17 but it really does not matter WHEN it happens as long as it DOES happen.
I've looked at several examples and they can take a shorter (that's what my July 31 educated guess was based on). They can also take longer so I'm not worried or concerned at all.
Our company has completed 8Ks and other filings so I am fully confident they can figure out the Issuer Company-Related Action Form.
DOLV's Transfer Agent has successfully filled out paperwork for other companies I have seen, so I trust they can do their part.
The company can choose the anticipated effective date for corporate actions such as a name and ticker change as I understand it. The company may have picked a date in August as the Effective Date all along. We don't know for sure.
There is a place for it right on the FINRA paperwork.
2 FINRA forms are required for name and ticker change:
1 - The Transfer Agent Verification Form
2 - Issuer Company-Related Action Notification Form:
The Transfer Agent Verification Form is filled out by (you guessed it) the Transfer Agent, VStock Transfer LLC in our case.
DOLV Transfer Agent found here:
https://www.otcmarkets.com/stock/DOLV/profile
These 2 forms are filled out simultaneously.
Here is a filled-out Transfer Agent Verification Form as an example. Under the Name Change section it has a line for "Anticipated Effective Date for Corporate Action"
You can verify that this company did have a name change on their Anticipated Effective Date by looking them up on OTCmarkets and FINRA Daily List History.
http://thecse.com/sites/default/files/TA_Form_WorldWide.pdf
Here is part of the blank Transfer Agent Verification Form:
Great link-based information as usual Checkfan.
Show me a penny stock that has millions of paid in capital being infused in the company each quarter and I will invest all day long.
https://www.otcmarkets.com/stock/DOLV/filings
Cash balance of $299,511 an increase from the DOLV shell that listed $3617 the year before.
An increase of current assets of over $2 million from the December Balance Sheet. DOLV was a shell. JB&ZJMY is quickly filling that shell and will continue as the public company. DOLV's shell will soon burst because of what is coming into it courtesy of ZJMY in China. We will continue to see millions poured into the shell each quarter. Once the consolidated financials come out the assets will increase by tens of millions.
The claims that ZJMY is a shell is not even comical at this point; it's getting old. The rampant deceit is downright dishonest. Those people claiming such things have a shell of a character, spouting wild fictional opinions based on their own despicable intentions. My facts and arguments come right out of the first quarterly from July 11, 2017.
Look at the Quarterly. It is irrefutable that millions were added to the business in the first quarter. We will probably see paid in capital of around 2 million in every quarter this year. I expect about 8 million being invested by the majority share holders in 2017.
Yes, the filing is certifiable DD. Unsupported and unbased, manipulative opinions spread to separate investors from their shares are just certifiably crazy.
Obviously. The thread was talking about ZJMY's SUV being listed to the Ministry of Industry's directory which is required for gov. subsidies. I wasn't talking about the ticker. To be listed on the directory, companies have to provide the technical parameters of their cars, including range for EVs.
Once the SUV is listed to the MOI directory, it will continue to confirm Floridany's DD.
http://wap.miit.gov.cn/n4858547/n4858941/n4859280/index.html
See my earlier reply. The Friday expectation date was given to Floridany by ZJMY. See his sticky.
Once we are listed, it should dispel any of the baseless accusations that Floridany did not travel to China and visit ZJMY. He's been proved right again and again.
Cheers.
See Floridany's Stickied post.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133028011
Once ZJMY's V3 SUV is listed on the Ministry of Industry's list as the Longest Range EV, it should reverberate around the world.
Being the longest range EV isn't a footnote or afterthought. It would be the most prolific news announcement in the history of EVs! My analogy would be like a country announcing they landed on Mars while everyone else is still struggling to make it to the moon.
Again, if having the longest range EV is not PR or news worthy, I don't know what is.
Great point. Name and ticker change should be anytime now since the company has been working with Finra since May or earlier.
Any additional information requested by Finra should have been supplied by JB&ZJMY by now, like the more rigorous and detailed audit which is evidenced in the evolution of the Quarterly reports filed in June and July.
The 19.5 million share increase in the OS is possibly the 10 cent share units purchased by the employees between April 6, 2017 and the deadline July 17, 2017.
My Translation:
Remember, company issued shares and warrants come out of the company's treasury and enter the Outstanding Shares (OS). My understanding is the 10 cent shares were company issued since they were offered at a price higher than the PPS at the time. The company issued the shares with a certificate, which we have seen an example of. The employees had to purchase the 10 cent share units from the company in order to get an attached warrant that can be exercised any time within the next two years (until July 17, 2019) for 15 cents a share even if price in in dollars at that point. There is one warrant attached to each common share unit purchased. Ten million total common share units, each with an attached warrant, for a total of 20 million share units and warrants available (potential common shares)-- 10 million 10-cent common share units, and 10 million 15-cent attached warrants. That is a possible explanation for the 19.5 million shares, since maybe 250,000 ten cent common units were not purchased (so obviously the 250,000 attached warrants weren't added to the OS either). I am not sure how the share-warrant program is set up. Since the warrants are attached to the common share units, the warrants may have had to be added to the OS at the same time the common share units were purchased, even though they may not be exercised yet. That's my 2 cents. The second Quarterly should clear it up.
https://www.otcmarkets.com/stock/DOLV/news/Dolat-Ventures-acquired-by-China-Based-Battery-Manufacturer?id=155356&b=y