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That was a good quote. There was another quote I really found pertinent about the two general share holder reactions following negative company news. I may have to find it.
The reactions were:
1- knee jerk fear response followed by kicking and screaming where trader sells all his shares.
And
2 - The soul -searching response where the investor reviews all the DD. Trusts himself, and then continues to accumulate more.
I fall into category 2.
We haven't had bad news imo, just the lack of news in general.
Investor Relations per RO Book:
I hear you. Many are frustrated by the lack of official company info, mistakes and sub-par website. I believe it's coming and patience is paramount.
I found this somewhat ironic, since RO coauthored this book. I find it reassuring that he knows(should know) all this. I hesitant to post this, but people can draw their own conclusions. I am long and think we are in a quiet period waiting for PR that will release very shortly after ticker change.
The book mentioned required PR "quiet" periods when corporate changes are pending but before they become effective. Apparently PRs can get you in trouble if released at the wrong time.
Again PR will come in the days following Finra official name and ticker changes.
Investor relations per our Investor Relations Director's Co-authored book fwiw:
It is my educated guess that name and ticker change will happen soon, according to their plan as stated in their PR.
I have a hunch I will be right.
https://www.otcmarkets.com/stock/DOLV/news/Dolat-Ventures-acquired-by-China-Based-Battery-Manufacturer?id=155356&b=y
Thanks man. Odd. I show you exactly what I get in the screen shot when I hit the top link in my post. May be a personal problem with my PC.
I'm still expecting an update with the ZJMY888 website (or new website), and they also need to update the Amoy mall listing of our low speed EVs. It's been a picture of the blue #12 racing stripe EV since it was first discovered on this board. It doesn't have much in the way of description or supplemental info. The Amoy mall link is near the bottom of you click on the second link in my post.
Main Jinbo domain Closed after all?? Maybe they are having some technical difficulties.
If you go to the plain domain
http://www.jingtezmt.com/
You get this:
This is the site I posted earlier that appears alive and well. I don't think it is a cached page. Not sure why the general site says "Closed". The links and everything on this one seems to work. Near the bottom it has a link to ZJMY's website and Amoy Mall.
http://www.jingtezmt.com/wap_baorun.html#
No, very much a free poster. I thought some may take it that way ha ha.
I was on my phone and I couldn't tell what, if anything had changed on the Jinbo site.
I am limited to one post per day...LMBO.
I was curious about the updates because it was down for a day or so.
Anything change on the Jinbo site? It's hard to tell from my cell.
I know the site was shut down for a couple days when I was trying to check it over the weekend.
Paste in chrome and translate.
http://www.jingtezmt.com/wap_baorun.html#
I agree if we find out that most the 10 cent share units have been purchased by the employees, it would be very telling of their confidence level that the price will be way beyond the 15 cent attached warrant price within two years.
Employees will be exercising their attached warrants at 15 cents when the PPS is at 20 cents , 50 cents and at dollars IMO! The warrants will be green. Mark this post.
Share warrants refresher.
https://www.otcmarkets.com/stock/DOLV/news/Dolat-Ventures-acquired-by-China-Based-Battery-Manufacturer?id=155356&b=y
From RO's coauthored book: Seeking Your Fortune:
I trust the process and the people involved.
Oravec is co-author for the book: Seeking Your Fortune: Using IPO Alternatives to Find Wealth in the U.S. Stock Markets
"We wrote this book for U.S. and foreign companies that have tried to find U.S. Broker/Dealers to do an IPO or Pre-IPO but have had no success. The purpose of this book is to show these companies the IPO Alternatives that exist and how to use them to find wealth in the U.S. Capital Markets."
I've almost finished the book and am glad Richard Oravek is the Director of Investor Relations. He knows when and why PRs are released, and why there are quiet periods. He can only relay information that the company is willing and ready to release. We should see a Super 8K or other disclosure statement (PR) once the Reverse merger is finalized after the name and ticker changes.
In the book there is a long chapter discussing SEC rules and regulations and Finra's role. The Chapter was complex and hard to comprehend.
The book also talks about the Role of the Market Maker. Market Makers are registered FINRA broker/dealers and the only ones that can file a form 211 for companies to first obtain a ticker symbol (for the SEC S-1 process). We know our process is a bit different through the Reverse Merger.
Basic Current Information categories: Yield Sign, Stop Sign, Caveat Emptor and Other OTC or Grey Market.
We know TRKG currently has a stop sign.
https://www.otcmarkets.com/stock/TRKG/quote
https://www.otcmarkets.com/learn/otc-market-tiers
Sorry I meant Dark or Defunct because of the stop sign. I don't like when misinformation gets posted. Thanks for catching that.
The appropriate question in the scottrade chat should have said "Is it because of the stop sign?" At the time I was thinking about it being dark or defunct and grey slipped out in my question.
https://www.otcmarkets.com/stock/TRKG/quote
Great point. It can't be stressed enough that ZJMY's OEM for EV bodies and chassis, Chery, is state owned and that Wuhu, a subsidiary of ZJMY, is widely supported by Wuhu city local government and state government.
Note Chery is headquartered in Wuhu. I'm excited for when the ZJMY V3 gets listed to the China Ministry of Industries list so ZJMY V3 can get the 88,000 yuan in gov subsidies. JB&ZJMY is probably holding off on selling their V3s until they can get the gov listing and subsequent subsidies.
Long Star-ZJMY Connection DD Timeline:
I probably left out many pertinent posts but you get the idea.
Floridany
7/15/17- I Visited ZJMY and Met President HAN Zhiming
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133028011
OEM Production Model.
Using this model the company will save hundreds of millions or even billions.
ZJMY acquired 70% of Wuhu Huaba Electric Vehicle Co., Ltd. I have posted this DD and research before. You can go back through my posts and find were my statements are supported by links.
In the Wuhu business plan using Kay Wing as an OEM is a money saving approach.
From Wuhu 2016 business Plan which now is part of ZJMY's business Plan.
Article describing ZJMY's (EV 3.0) technological advantages over Tesla, BYD and Nissan:
This is an older post but still very much relevant.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131841938
You've been around long enough to know Blue underlined words are links.
If it is happening beyond the board I can't help you there.
I am not sure why it would Do this on its own. It has to be something with hyperlinking.
This is probably common knowledge to you but may be helpful to newbs.
Make sure your not clicking the Url button for anything unless your posting a link. It is not necessary since you can copy and paste a link (https://whatever) directly in your post. Notice it automatically tries to link the ht*tps://.
Like:
http://www.zjmy888.com/
or using the Url button you can put the link between the (url)insert link here (url)(tag) and insert a name for the link here(/tag). I used parenthesis instead of brackets so it wouldn't see it as an actual url command.
For example click on ZJMY link to go to the same website link I pasted directly above:
ZJMY Website!!!
Good post Mav and I agree.
Yes people are selling but people are still buying. If a huge dump was happening as "they" say, DOLV would be overrun by sellers and the price would plummet. It is simple supply and demand. If the sellers (dumpers) over saturated the market with shares, price has to fall to compensate. That is how a market economy works!!
The price would not hover around 4-6 cents for weeks as it has done. It would nose dive in days which hasn't happened (and I mean to double zeros).
And I'm still waiting for the pump side of things too.
The so called scam has left out the two critical pieces of the P&D scheme... They have forgotten both the P and the D.
I concur. I have guessed the 31st, and 8/8/17 as well. My educated guess for the 31st was based on a RM company that had a ticker change on May 25, 2017 after having a forward split (corporate action) on May 8 (17 days earlier). We had the name change and AS increase to 2 billion shares (name change is a corporate action according to Finra rules) on July 14th. 17 days later is the 31st.
HOWEVER, I know and understand that they are in fact guesses and every company and case is different.
I will not be disappointed if it doesn't happen by those guessed dates. Only thing that matters is that it does happen.
One thought:
Why does the company need to wait for the ticker and name change to happen before they release a PR?
The argument that they don't want to post a PR under "DOLV" is a moot point now IMO. Everyone in the US that has read the April PR, knows that ZJMY is a subsidiary of DOLV now.
The Chinese article mentioning "DOLV" has been linked and reposted on Chinese sites hundreds if not thousands of times. Anyone that can read in China knows ZJMY is under the DOLV ticker at this point.
If the company released a PR now further detailing the DOLV-ZJMY reverse merger, people doing any DD at all or reading widely published Chinese articles will not be confused about the "DOLV" part. PRs are first for the company share holders and investors IMO, and for the general public second.
I believe this my be the original posting of the China Security Times article for anyone that missed it.
http://www.stcn.com/2017/0711/13482906.shtml
Here is the google chrome translation:
I suspected that as well but multiple trades executed under my bid price so I think something else was happening. I had bids almost clear up to 5 cents! I did Not select all or none so it should have bought 5, 10 or 100 shares if they were available.
It's almost like they aren't even seeing our buys show up for some reason. I'm definitely going to call my broker next week and get to the bottom of this. Maybe that's why the stock almost flat-lined for part of the day. Perhaps only certain brokers or MMs were trading at that point.
Odd... Since there hasn't been a Press Release maybe the PPS will consolidate some and we can get in lower if Scottrade and Etrade allows the buys to go through next week. Remember, the Scottrade agent said they had other oversight restricting its purchase. Whatever that means.
Again I know someone that was able to buy TRKG with Scottrade on Thursday July 27 with no problems.
See my chat with the agent if you haven't. I'm not sure what to think of it.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133394682
Here is an excerpt of the my chat:
IMO the OTC clock has started with the April 6 Press Release. DOLV/JBZJMY has released an Information and Disclosure Statement in the form of the April 7 Press Release stating the ZJMY acquisition (No Super 8k required since they are an OTC Alternative Reporting company).
My understanding is that a Press Release is an Information and Disclosure Statement.
They will probably post another Information and Disclosure Statement once name and ticker officially changes, but IMO the clock started already.
That's why I believe the Quarter 2 filings should show the consolidated financials of DOLV AND ZJMY. We should see assets raise at least 10 million in Quarter 2.
ZJMY has $7.5 million USD registered capital.
Wuhu Huabua EV Company (ZJMY owns 70% stake of Wuhu) has registered capital of over $3 million USD.
ZJMY is currently trading under DOLV ticker. OTC clock has started for ZJMY IMO.
http://otclawyers.com/tag/pink-sheets/
I have a contact who bought TRKG with Scottrade yesterday. They did a wire transfer and bought the shares on July 27. Maybe it something that just happened today.
Scottrade did and does let me post the buy orders on TRKG, it just wouldn't execute my buys.
I did a wire transfer this morning, July 28 and tried to buy. The buy order would post on my account but never would buy. I tried bidding right on the ask with the exact number of shares on the ask. Nothing would happen. I had a bid for 10,000 shares at .0442 sitting on ask which was at .0442 for 10,000 shares for a good while and nothing. Then other buyers/sellers undercut my bid and traded at around .0363 before moving back up to around 4 cents.
Again I did not select All or None and my money is not restricted.
The last hour of trading I put a bid way above the asking price just to see what would happen. Again nothing. I had a bid at .044, .046, .047 and 0.48. If they would have executed it would have painted it green today. There were 10,000 blocks of shares on the ask at lower prices all the while I had my higher bids sitting there.
Maybe it will allow me to get in lower if news is delayed for awhile and Scottrade comes around. I guess I need to look at it positively.
For Scottrade users who want to buy TRKG:
First off I own shares and want to buy more.
It appears Scottrade won't let you. I bought TRKG shares with another firm a couple weeks ago. I have bought OTC yield sign stocks with Scottrade before.
Here is my chat with a Scottrade Agent today. I did not screen shot it since, I wanted to edit out my name from the Chat.
Been trying to slap the ask. My buys are not going through for some reason. I am sitting at the ask price!! My funds are not restricted and I'm not doing all or none on my orders. Never had this problem before.
Aggravating!! Not sure why trades are happening below my bid price.
I know some sites list the current date on job listings even if they had been posted previously. I found some I thought were new and they were actually some of the old postings by the job titles and descriptions. Other sites may list one job more than once too, and some only list the jobs that are currently open with the company.
No matter what, there is no question they have hired likely over 100 new employees in 2017 already. ZJMY has probably doubled their workforce since they listed 128 employees when they established in 2015. See below.
The Tianyancha site listed all job postings only once and retained the old postings even after the job deadlines had passed. Before we were locked out of that site, it listed like 47-48 jobs. I screen shot the Tianyancha site at 45 jobs. I believe a handful or so trickled in over the last month or so since my last access to the site where it said 47 or 48 jobs.
That would have put ZJMY at about 52 jobs before your findings today. If your source doesn't have repeat postings, it would mean that around 20 of those job listings would be new IMO.
A couple more comments on your response.
Thanks for the quick response and for your answers.
Definitely plenty of time for them to list to NASDAQ especially if they pursue an APO as the tweet mentions.
https://twitter.com/HD_INT_H_G/status/887320615954206720
Thanks as always. Follow the money. People are probably going to need that large blue and white vase just to put all their earnings into. Good to see the US flag plastered everywhere. Looks like a serious company to me.
This is my first post to this board. I have shares but have mostly been watching from the bench. I don't expect to post much. Just wanted to drop in and ask a few questions.
I'm sorry if these points have already been clarified or hashed out.
First question: Floridany, is the $2 billion share "capital" your personal translation? That would assuage me if it were.
Google chrome translation as you may know says
and that translation leaves me to believe that it is referring to there being 2 billion NV SOS registered shares (for HD International, not TRKG) and not $2 billion in share capital. NV SOS shows par share count as 2 billion.
From the NV SOS page we see that they have a Central Index Key. A Central Index Key if provided indicates that HD International Holdings Group is registered as a public traded company (see image with explanation below). I have no reason not to believe Floridany's report that the CEO says they are reverse merging into TRKG. I'm just not sure why they would be listed as a publicly traded company in NV (see my comments below).
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=TK28AlAKY3VeAcOg3fLApQ%253d%253d&nt7=0
However, can a publicly traded registered company reverse merge? My research suggests that only private companies perform reverse mergers into public shell companies, and publicly traded companies perform mergers/acquisitions with/of other public companies.
My understanding is this:
HD International Holdings Group may be a publicly traded company because they have listed a Central Index Key.
HD International Holdings Group has a registered par share count of 2 billion shares (capital amount $7,200). Note: par value is no indicator of market pps.
TRKG has 400 million AS and about 150 million OS.
https://www.otcmarkets.com/stock/TRKG/profile
My conclusion is this.
There has to be a reason HD Int. Holdings Group registered the company in NV. Maybe there is an error somewhere and it is really a "private" company since I can't find HD Int. on the otc nor do I see its shares available to buy or sell. Maybe private companies can list a Central Index Key. I'm used to seeing the Central Index Key blank for a private company though.
If it is in fact a private company, then everything falls back into place with the reverse merger.
The tweet about the APO is truly Epic!!
An APO implies HD Int is going to an exchange like NASDAQ!!!!
An APO is an Alternative Public Offering involving a reverse merger and a PIPE at the same time.
from wiki
You have outdone yourself. Truly outstanding analysis!
Every time I look at the DOLV Statement of Cash page I get lost in all the other larger numbers on the page. You're right. Probably shouldn't get caught up in the Financing Activities, Cash balance or Investing Activities numbers.
Very few would have your laser vision to focus on the net loss. Your abilities should bode well for you on your future plays.
You're right. Probably better to continue your quest to find greener grass somewhere else. Good Luck.
Quarterly on July 11 specifically states about 1.8 million in "Patents and Intellectual Property." No question there.
https://www.otcmarkets.com/stock/DOLV/quote
In quarterly under
Products
Interesting. DPOs, APOs and IPOs primer.
An IPO direct to NASDAQ requires a bunch more $$$$.
I think technically we would be considered a Direct Public Offering (DPO) when we reversed merged into DOLV and became a public company listed on OTCmarkets.
If we pursue one of these expedited options and list to NASDAQ, we may be considered an Alternative Public Offering (APO) or simply a firm commitment or bought deal (since we're not sure if PIPE funding is taking place yet).
The firm commitment underwriting or bought deal is associated with IPOs and APOs. APOs have the reverse merger distinction.
en.m.wikipedia.org/wiki/Alternative_public_offering
Alternative Public Offering
I believe the Report Due Date refers to the same thing as the officer list. Nevada requires an annual report for business entities that is basically just the list of officers.
See requirements here:
http://www.northwestregisteredagent.com/nevada-annual-list.html
The "List of Officers Due" is shown in the screen shot below. On the NV SOS site, just hover the mouse over the blue highlighted words for an explanation.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Q1n7TXpdWAOEA8b%252bgfSZyg%253d%253d
Since the company left the Central Index Key: blank, we know JB&ZJMY Technology Group Holding is a Private company.
Brokers have confirmed 1:1 exchange of DOLV shares for the new ticker shares. 1 for 1 means No Reverse Split. I believe Tick Talker did a post confirming this with a screen shot of his Scottrade chat.
My broker explained to me that the DOLV shares do not just change into the new ticker shares. He said the DOLV shares will actually have to be moved out of their system and the new ticker shares put in to replace them, like replacing batteries. I think with current technology this is a usually a quick process (like ZJMY's quick battery swap process), but in the past it could take several hours according to my broker.
I understand that this is one of the functions performed by the Depository Trust Company (DTC). My broker (Scottrade) said their system is updated by the DTC, and Scottrade's system showed "JB&ZJMY Holding Company" as the new name. My broker did not provide a ticker symbol, but other scottrade representatives gave JBZH9# as a placeholder for the new ticker. That has led some to believe JBZH will be the new ticker.
Pending Ticker Change sampling of posts: Note the dates of the posts
Here's Tick Talker's post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132801286
Something Good's Post
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131964427
Nelly15's post
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131670629
Nygrande's post
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131667587
Great point. I haven't considered that aspect. I believe JB has the influence and connections to garner the attention of the investment banks. NASDAQ will want JBZJMY once they get their EV sales at full steam.
From the CNBC post I posted just a bit ago.
http://www.cnbc.com/id/47099278
Very well written post. I can't wait for the ticker and name change and to see what option JB&ZJMY will choose to expedite their hike to NASDAQ. I favor the bought deal since they seem to want to move quickly.
You hit the nail on the head.
No problem. I know some of the references say IPO. You're right. We are already publicly listed on the OTC via the reverse merger and in that sense it was an IPO. However, IMO the company will see the Real IPO when they list to NASDAQ by doing the firm commitment or list to NASDAQ the regular way by waiting the one year "seasoning" period on the OTC and meeting price and filing requirements.
My main point is that NASDAQ is the ultimate goal of our company. By the statement of the company to Floridany saying they aren't concerned with the OTC price performance tells me they aren't looking at the OTC reverse merger as the IPO but as a stepping stone to the real IPO aka NASDAQ listing.
An IPO is a a company's initial stock offering to the public however, it is commonly used in reference to companies listing to a major exchange like NASDAQ.
http://www.nasdaq.com/investing/glossary/i/initial-public-offering
Initial public offering (IPO)
Definition:
A company's first sale of stock to the public.
Here is a good explanation of how an IPO works. The firm commitment or bought deal is basically an IPO and can be done on an OTC stock that has a reverse merger to bypass the one year waiting period on the OTC. That is what I posted previously on the New Reverse Merger rules.
http://www.cnbc.com/id/47099278
...
Their ultimate NASDAQ plan has not changed IMO. It has been an underlying current in the ebbs and flows of DD we have uncovered from China.
More on that in a minute, but first courtesy of Checkfan:
I have to refute my earlier statement that bizapedia just updated their "blurb" on JB&ZJMY Technology Group Holding. My first hunch that there was an actual update to the registration is correct. Here are a couple of screenshots showing the minor difference in the JB&ZJMY Technology Group Holding Inc. NV business registration updated on 7/21/2017.
Note that the updated JB&ZJMY Techology Group Holding registration does NOT have a "CN" next to the address under the board members' names. Note the cached version shows the CN next to the address under the directors' names. I'm guessing that represents China but why it was eliminated is unclear.
https://www.bizapedia.com/nv/jbzjmy-technology-group-holding-inc.html
http://webcache.googleusercontent.com/search?q=cache:https://www.bizapedia.com/nv/jbzjmy-technology-group-holding-inc.html&ie=utf-8&oe=utf-8&client=firefox-b&gws_rd=cr&ei=y6Z3WYuYGdHKwQL7hon4Cw
Why would they update the NV registration if it will not play a current and future role in the big picture of JB&ZJMY?
Easy answer, JB&ZJMY Technology Group Holding WILL play a role.
Why would Wang and the board register JB&ZJMY Technology Group Holding in NV 2 days (11/30/2016) before the agreement in which Wang acquires the 300,000 preferred shares of DOLV (12/2/2016)?
NEW YORK, NY--(Marketwired - April 06, 2017) - DOLAT VENTURES, INC. (OTC PINK: DOLV) announces recent corporate developments.
The control of the Company was acquired by Mr. DeQun Wang on January 11, 2017 pursuant to an agreement that was entered into on December 2, 2016. On that date Mr. Wang acquired 300,000 shares of the Company's Class C Preferred Stock which is convertible into 750,000,000 shares of the Company's common stock and carries an equal number of votes.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Q1n7TXpdWAOEA8b%252bgfSZyg%253d%253d&nt7=0
Again, I believe they did not change their IPO plans in the 2 days between the NV company registration and the reverse merger agreement. If the direct NASDAQ IPO plan was scrapped, Wang and the board would not have registered the NV company in the first place.
The December 2 agreement with DOLV was in motion at the same time the JB&ZJMY Technology Group Holding registration was taking place. They are both part of an integrated bigger plan IMO.
The NASDAQ goal has never changed, evidenced by Floridany's face to face with Wang where he said NASDAQ was their goal. That was earlier this year.
Floridany met Wang and Huang Hua post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130665564
The JBMY symbol is mentioned in the magazine and on that listing ceremony presentation slide which is all associated with the NASDAQ listing talk.
The magazine talks about JB&ZJMY Technology Group Holding. If according to RO, they scrapped the NV company direct listing (IPO) plan, how are we sure JBMY will be our OTC ticker?
We are not sure who Mako spoke to from the company and what info they had.
I would not be shocked to see JBZH or another ticker, just imo.
Ticker wont matter though. It will be immortalized in the reverse merger hall of fame no matter what it ends up being.