Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Or that other one...
No problem. Would be a good reminder and headline for fresh eyes as a sticky. Does not matter who posted it first. What matters is we're now rolling forward again.
The major catalysts will be ticker/name change and fins.
And I'll say it again. Price does not need to be above 10 or 15 cents for employee warrant pricing by July 17th.
Employees will have 2 years to exercise the 15 cents warrants until July 19, 2019! One warrant for each 10 cent common share they buy by the July 17, 2017 deadline.
See my earlier post that explains the warrants.
I got the jump on that post. I wouldn't mind if my other sticky gets replanted with a stop sign gone post. Most everyone should know now though or will soon know so maybe a n unnecessary sticky.
Dominos are lined up and have begun to fall.
Our accountants should be practiced up now for Financials (you have to look at the positive right?).
Ok. Definitely time to go to bed. Must sleep before work.
I find it very assuaging. Investors and our EVs have the green light now. Chalk another one up for the longs.
Longs
1354
Other guys
0
But who's counting.
With STOP SIGN GONE, tomorrow morning (later this morning) will be interesting.
https://www.otcmarkets.com/stock/DOLV/quote
Congrats on the good buy.
My last chunk of change doesn't clear till tomorrow. One day off on that timing.
Thanks, feels good..... and "they" said the stop sign would never go.
I thought I would check OTCmarkets before retiring for the night. It was beautimous to see No stop sign or no yield. Now I'm so excited I won't be able to sleep for awhile.
Stop sign gone. Ticker and name change now on deck.
STOP SIGN IS GONE!!!!!!
https://www.otcmarkets.com/stock/DOLV/quote
Oh yeah, and that too. That's a pretty big cat.
Great post and well said. I was actually surprised at how big of Baidu wave this article has had. I was a bit skeptical that word would spread that much, due to the somewhat lackluster media response following the June 24 press conference.
DOLV is now out there for all the world to see. No reason at this point to hold PRs or financials for ticker and name change (unless ticker and name change are coming shortly anyway). The DOLV cat is out of the bag.
The Chinese seem undaunted by this so-called "dirty shell". A few more days will help strengthen this hypothesis.
I know I miss things the first couple reads through. Like the April PR clearly stating that employees that purchase a common stock unit at 10 cents will get an ATTACHED WARRANT exercisable for TWO YEARS.
WARRANTS will be exercisable at 0.15 cents until July 17, 2019.
If Employee joins JB&ZJMY stock offering and buys 1000 shares at 0.10 (by July 17, 2017 deadline), they can get 1000 warranted shares at 0.15 exercisable for 2 years, even if price is in dollars at that point!
If exercised, average cost of common units and warrants is 0.125 USD (1 common share at 10 cents with one warrant attached at 15 cents = (0.10+0.15)/2 = 0.125 USD. That is also the break-even point.
Employees will be able to EXERCISE warrants till July 17, 2019 at 15 cents/share. Let's why it's such a great deal! If price goes over about 20 cents within 2 YEARS, the employees who do the company offer have the better deal over an employee buying on the open market at the price level at the time.
As part of the acquisition the company will be offering to current and future employees based in the Peoples Republic of China the opportunity to purchase new JB&ZJMY common stock units for $0.10 (Ten Cents USD) per share with one warrant attached exercisable for two years at $0.15 (Fifteen Cents USD) for a total of 10,000,000 (Ten Million) units pursuant to a Regulation S offering on a best efforts basis expiring on July 17th 2017.
Securities Times reporter article worth a second look:
To the delisting company, "cents shares" mainly in the US OTC market - powder single market (OTC pink) recent undercurrent.
A code for the "DOLV" powder single shell company announced with the Chinese company Zhong Ji Ming foreign merger, suddenly in the last two months, the highest soaring stock prices more than 10 times, by domestic and foreign investors.
This makes the outside world can not help but wonder, claiming to engage in new energy electric vehicle production research and development of Zhong Ji Ming Yang is what kind of company? What is the level of its electric car R & D? The acquisition of powder single market shell company is out of what kind of consideration? Next week the stock market trend forecast
In this regard, the Securities Times reporter through the investigation and understanding, and DOLV disclosure of information there is a little out of the way, Zhong Ji Ming Yang is currently only mass production of low-speed electric vehicles, high-speed SUV electric car is still in the research and development stage; Ji Ming foreign official website, DOLV annual report and other channels announced high-speed SUV electric car-related parameters have not been certified by the national authority of the certification body.
At the same time the reporter found that in Shenzhen Jinbo Investment Holding Group (referred to as the Jinbo Group) shares in the Ji Ming Ming Yang a month later, Zhong Ji Ming Yang will open the pace of operation of a single powder market, and later also included in the new energy sector Jinbo Group; , Jin Bo Group claimed that the nine plate layout and business model has made some outside smoke and mirrors.
"Powder stocks" why soaring?
Looking back at the above merger transaction, according to DOLV (Dolat Ventures, Inc) in April this year, announced in the annual report of 2016, Zhong Ji Ming foreign lawmaker Wang Dequn in the acquisition of DOLV company 30 million shares preferred stock (preferred shares per share convertible into 2500 Shares of ordinary shares, that is, a total of 750 million shares), in December 2016 was DOLV's controlling stake. And, in the month, DOLV acquired the company (JB & ZJMY).
Securities Times reporter through the days of eye examination data show that Zhong Ji Ming Yang called Zhong Ji Ming Yang New Energy Technology Co., Ltd., the company in March 2015 incorporated in Beijing. To November 17, 2016, the company shareholders to change, Jinbo Group and Wang Dequn shares, corporate representatives from Han Zhiming changed to Wang Dequn. Next week the stock market trend forecast
At present, Zhongji Ming foreign shareholders were Han Zhiming, Jinbo Group, Wang Dequn, the proportion of shares were 48%, 31% and 20%; further inquiries, Jin Bo Group for Wang Dequn holding, its holding ratio of 95% , Both of which control the Zhongji Ming foreign 51% of the shares; that is, Wang Dequn for the real control of Zhongji Ming Yang.
According to the reporter observed, DOLV acquisition of Zhong Ji Ming foreign news published in April 2017 published in the annual report, in the powder market, DOLV shares from 0.01 US dollars / share start in early May hit a maximum of 0.129 US dollars, or near 12 times; thereafter so far, stock prices are volatile.
DOLV annual report did not disclose the current shares of Wang Dequn; data show that nearly a year DOLV price fluctuations in the actual range of 0.0001-0.129 US dollars / share; if only 0.01 US dollars / share estimates, and preferred shares converted into ordinary shares , The total cost of the shares of about 7.5 million US dollars; theoretically about a month to calculate the floating profit was as high as 90 million US dollars.
So, Zhongji Ming Yang what is unique, so this acquisition in the powder single market widely sought after?
DOLV annual report disclosed that Zhong Ji Ming Yang currently developed a named Zhongji Ming Yang V3 SUV electric vehicles, to charge once reached 600 km of life.
In addition, Zhongji Ming Yang official website and related high-level external claims that the electric car shape and body with Chery wing wing V3 (SUV) to build, integrated conditions mileage of 500 km, constant speed (60km / h) mileage of 600 Km, and at the end of last year will be declared "the Ministry of Industry and new energy car directory life of the longest electric car."
What is the truth? What is the reliability of the relevant parameters? Reporters on this in-depth investigation.
SUV car is not authorized by the authority of the stock market forecast next week
Securities Times reporter through the past the Ministry of Industry and the Ministry of Industry this year from January to July, "new energy vehicles to promote the use of recommended models directory" and the past directory to understand, Zhong Ji Ming Yang V3 is not among them.
"Ministry of Industry will organize the relevant agencies and experts to review and reply, through the new energy vehicles to the directory.For the relevant parameters of the car, check the strict, on the directory of the car parameters credible is higher, but not on the directory Of the car, it is difficult to verify and determine its published parameters. "New energy vehicles in the field of researchers to the Securities Times reporter pointed out that the Ministry of Industry every two months in the official website announced a number of catalogs.
Reporters have sent a letter to the Zhong Ji Ming Yang, hope to understand "Zhong Ji Ming Yang V3 is on the Ministry of Industry and new energy car directory, the current progress of how", "published models parameters are authorized by the technical department certification" and so on. In this regard, Zhongji Ming foreign side replied, "V3 (SUV) in the research and development stage; is actively with the national authority to verify the organization before the certification."
According to a reporter to investigate, DOLV originally planned by changing its name to "JB & ZJMY" (Jin Bo & Zhong Ji Ming Yang, real Zhong Ji Ming Yang company) to reflect the current new business portfolio. However, perhaps the stock price changes, or related information disclosure and other reasons caused by regulatory concerns, renamed the matter temporarily encountered obstacles.
Zhong Ji Ming Yang confirmed to reporters, for renaming matters, "the US powder single market regulator FINRA (US Financial Industry Authority) on the company's application for a more rigorous and detailed audit, resulting in increased workload, time, now Is waiting for the relevant departments to formally notify.
Talk about why choose to buy powder single shell company? China's current operating scale and corporate governance structure can not meet the conditions for IPO in the United States; as the future also plans to expand overseas markets, the company first landing powder single market (one of the US OTC market).
"The OTC market (OTC market) consists of an innovation floor (OTCBB) and OTC Markets Group (OTC Markets Group) three base layer." Wuhan University of Science and Technology Professor Dong Dengxin told the Securities Times, OTC market group The three base layers are OTCQX, OTCQB and OTC Pink, respectively.
The definition shows that OTC Markets's function is to provide quotes for those who choose not to trade on the American Stock Exchange or Nasdaq, delisting or not satisfying listed companies. Among the three layers, OTCQX is the higher-level OTC market, where companies need to disclose the latest information and meet the minimum financial standards. Companies traded on OTCQB need to report to the US Securities and Exchange Commission (SEC) and disclose the latest information.
DOLV's OTC Pink is divided into lower grades due to the lesser and less timely disclosure of listed companies. Which listed companies do not set the minimum financial standards, mostly in the penny stocks (penny stocks), shell companies and troubled problem-based companies, and incomplete information, so the official website of the official announcement in the relevant statement strongly recommended investors in the Before investing in decision-making, act carefully and thoroughly study the company.
However, the information disclosed by Zhongji Mingyang official website may be confused with the concept of listing and listing the OTC market. One of the web pages shows the title "Jin Bo Zhong Ji Ming Yang US listed the world's first stop road in Inner Mongolia" The
Low speed car sales are unknown
Reporters received the relevant documents also show that Jin Bo Group in January this year to 1 US dollars per share to the sale of Zhongji Ming foreign shares; the price and Zhong Ji Ming Yang in the powder single market listing price far from each other.
In this regard, Zhong Ji Ming foreign side is denied, it said: "The company did not sell the original shares, but the internal staff of the incentive mechanism of a discussion program, if passed, will be the way to encourage the incentive to carry out. Ji Ming Yang is still in this program of legal compliance to discuss and adjust. "
According to the DOLV Annual Report, Zhong Ji Ming Yang's unaudited financial results showed that the shareholders' equity was US $ 8.699 million and the total liabilities were US $ 4.21 million. The total assets of the Company were US $ 921,000, of which the current assets were US $ 764,600. Profitability is not disclosed.
According to Zhong Ji Ming Yang gave a letter to the introduction of the company in addition to high-speed electric car SUV in the research and development stage, and another low-speed electric car sales have started.
Public information in recent years, China's low-speed electric vehicles quietly rising, the main origin in Shandong, Henan, Hebei, speed 40-60km / h, priced at more than 1 million -4 million; buyers concentrated in the township, Mainly in the elderly, and no driver's license were mostly; because China has not the same as the EU and the United States low-speed car production standards, the relevant policies have yet to be improved. At present, Redding, Li Chi, Yu Jie, the top 10 companies in the market share of more than 60%, the industry is entering the shuffling period, backward production capacity gradually out of the market.
Zhong Ji Ming foreign side is not disclosed in the letter of its low-speed electric car overall sales situation.
It is noteworthy that Jinbo Group in June 24th in Nanning, Guangxi held a "new generation of electric car press conference and wealth forum." According to the Securities Times reporter learned that in this forum, in addition to the above-mentioned Zhongji Ming foreign low-speed electric car presented the relevant unit ceremony, there is no further information on the development of high-speed electric vehicles related to the development of information The
Instead, the majority of time for several hours of the conference, for the Jinbo Group L lecturer L to the participants to promote its name as Amoy Hui's electrical business members (joined) investment platform. According to lecturer L introduction, to become Amway Huicheng members have two ways:
(1 million yuan), municipal agents (200 million) and provincial agents (300 million); joined the regional agents can be obtained by the regional agents, All kinds of related income under the jurisdiction of the share.
The second is to join the new business alliance (new e-commerce platform) platform, divided into a shop, two shops, three shops, respectively, need to pay 10,000 yuan, 50,000 yuan, 100,000 yuan margin; Among them, one, two, three shops of the deposit will be gradually returned within 10 months, and related gifts, 10 months later, will be given additional subsidies, and regardless of whether the merchant sell products, will give subsidies, are "stable Do not lose ", but the number of specific subsidies will need to communicate after the exchange.
Another Jin Bo Group related lecturer Y in private communication with investors introduced the subsidy program: to a shop, for example, store deposit into 10,000 yuan, the company returned to the customer every month 1,100 yuan, will continue to return 14 months (Margin + subsidies for a total of 15,400 yuan); two shops, shops deposit 50,000 yuan, the company returned to customers every month 5500 yuan, a continuous return of about 19 months (margin + subsidies total of 104,500 yuan) ; Three stores to invest 100,000 yuan deposit, the company returned to the customer every month 11,000 yuan, 29 consecutive months to return (margin + subsidies totaling 319,000 yuan) so far.
How does high subsidy last?
"Jinbo Group to build one million users of the mobile Internet platform, it is the stage of the subsidy, the user cast more earn more, so the opportunity is now the user has reached hundreds of thousands of scale, after the subsidy efforts may decline "Instructor Y to the investor, said that if the members of the investment to reach a certain size, such as 200,000 yuan, and then introduce others to join, you can also get additional commission.
If the simple estimate, according to 500,000 member users as the base (Jinbo Group official website in May press release has disclosed its users for 500,000), to invest only 1 million per person, for example, the total investment of member users can be as high as 5 billion yuan, if the calculation of maturity after the deposit + subsidy of the total value is even more staggering.
The face of one to two years to double the high subsidies, can not help but make a curiosity on the Jinbo Group. Is the pattern of high subsidy above true? What is the strength of Jinbo Group itself? Where does the cash flow come from? What is the role of Zhongji Ming Yang in Jinbo Group?
According to a press survey, Jinbo Group called "Shenzhen Jin Bo Investment Holding Group Co., Ltd.", was established in September 2014, Wang Dequn holds 95% of the shares of the company. The main business scope of enterprises, including information technology products, communications tools, technology development, technical advice.
Set up less than three years of the Jinbo Group, described in the online business model, said, "Jinbo Group, has created a commercial ecosystem, which, 'Jin Bo Si Maier New Business Alliance' as a business center, through Huaan payment to connect other business, so that businesses through Amoy Huo O2O business platform sales of products, at the same time, shake the tree to pay the terminal to help businesses safe and easy to use the network payment.
Relevant publicity materials also show that, which is the development of mobile financial terminal product development, production, sales, service and financial platform clearing, financial business consulting as one of the high-tech mobile Internet financial platform services products.
Talking about the scale, Jinbo Group official website released in May this year, a news, currently has dozens of subsidiaries, more than 200 agents nationwide, more than 40 operations center, more than 50 million end users.
(Hereinafter referred to as "Si Maier Global Technology"), Shenzhen Huaan Payments Technology Co., Ltd. (hereinafter referred to as "Huaan payment"), Shenzhen Huamai Global Technology Co., Ltd. (hereinafter referred to as "Si Maier Global Technology"), Shenzhen Huaan Payment Technology Co., Ltd. (hereinafter referred to as "Huaan payment"), Shenzhen An Amoy Technology Co., Ltd., Shenzhen shake the tree Technology Development Co., Ltd. and other companies, these companies were established in May 2014 to February 2015, the legal representative of Wang Dequn.
How to play nine plates?
Further inquiries learned that Wang Dequn currently more than 60 companies on behalf of the legal representative, of which more than 40 companies located in Guangdong, more than 10 companies registered in Beijing.
According to the reporter to understand, Wang Dequn (commonly used as "Wang Jinlai"), Jin Bo Group Chairman, the company promotional materials show that "the military origin, participated in the more combat, senior investment and financing experts, with rich experience in capital operation, Professional research mobile payment more than ten years ".
Jinbo Group executives, lecturers have announced the future of the Group's three goals: first, to build one million users of the mobile Internet platform; second, to achieve the market value of 100 billion mobile Internet listed companies; To build the scale of the multinational payment group.
From the Jinbo Group official website declared nine layout, mainly related to "new electric business platform (referred to as the new business alliance), mobile payment, new mobile intelligent terminal, big financial, large data, big agriculture, big health, big Culture, new energy "and so on, almost all of the most popular areas of the industry, including" Zhong Ji Ming Yang "is designated in the" new energy "plate.
However, it is somewhat puzzled that the Jinbo Group to pay attention to the mobile payment business - "Huaan payment", for example, the reporter in the People's Bank of China (central bank) website found that the current license, including Alipay , Financial payment, fast money, etc., including more than 200 payment agencies list, but failed to query the "Huaan payment" figure.
According to the survey, in the Jinbo Group nine plate layout, in addition to Zhong Ji Ming Yang is the capital operation, the Smyr Global Technology was in March 2016 listed before the sea equity trading center (commonly known as "new four board" ), But the outside world can not be further in the trading center to see the company related information. Relevant person in the trading center is back to reporters that this is due to Smyr is still in the "editor" state.
At this point, outside concerns have not yet dispelled. The establishment of less than three years of Jinbo Group, how can play nine plates? What are the business models of the plates? How is it profitable? Which plates act as cash flow for the group? Support millions of target user subsidies from where the funds come from? These are difficult to verify from the public information, which, Securities Times reporter will continue to maintain concern.
Employee share warrant vs. Open Market.
Let's go back to the source: April 7, 2017 PR.
http://otce.finra.org/DLSymbolNameChanges
Dolat Ventures acquired by China Based Battery Manufacturer
As part of the acquisition the company will be offering to current and future employees based in the Peoples Republic of China the opportunity to purchase new JB&ZJMY common stock units for $0.10 (Ten Cents USD) per share with one warrant attached exercisable for two years at $0.15 (Fifteen Cents USD) for a total of 10,000,000 (Ten Million) units pursuant to a Regulation S offering on a best efforts basis expiring on July 17th 2017.
What is Regulation S?
Regulation S provides an exclusion from the Section 5
registration requirements of the Securities Act of 1933,
as amended (the “Securities Act”), for offerings made
outside the United States by both U.S. and foreign
issuers. A securities offering, whether private or public,
made by an issuer outside of the United States in
reliance on Regulation S need not be registered under
the Securities Act. The Regulation S safe harbors are
non-exclusive, meaning that an issuer that attempts to
comply with Regulation S also may claim the
availability of another applicable exemption from
registration. Regulation S is available for offerings of
both equity and debt securities.
Exactly. Exercisable for 2 years. July 17th is the deadline. They will be able to purchase or exercise the warrants/options at 10 or 15 cents for two years, at which point they expire on July 17, 2019. Just like my company stock options. They will be a deal.
That was CT that posted that. It was a great post.
Imo, the stock warrants may be stock options. We do not know all the details of the employee share warrants.
I have to agree that share warrants at 10 or 15 cents , given the current price doesn't make any sense. They either have to drop a PR/Fins/ticker change bomb soon or the warrants are actually options imo.
I've explained how options would work in the post below.July 17th could be the "deadline" (maybe something lost in translation) for employees to get in on the company share plan. Employees have just barely been hired. The warrants may expire at a much later date, so they could still get the 10 or 15 cent share price until the warrants/options expire.
I know this speculative, but it is my best guess.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132826266
Thanks. I thought the tianyancha site was the most complete on Job Postings as well. Showed deadlines and better details on Job Descriptions. Good site to check.
You have to plug ZJMY in Chinese in the company search. I pull it off of the ZJMY website under Company Description. Zhongji Ming Yang is in the parenthesis between the quotation marks. For the benefit of all, see screen shot.
Zhongji Ming Yang in Chinese and English on Trademark for the doubters:
You sometimes have to prove your not a bot at the beginning. You have to click on the larger pic (sometimes several times) and then click the left submit button (it's in Chinese). It took me several tries but eventually I got in. You have to be a member to see all of Wang's 57 enterprises.
I use Google Chrome and translate
tianyancha.com
http://www.tianyancha.com/search?key=%E4%B8%AD%E7%A8%B7%E9%93%AD%E6%B4%8B&checkFrom=searchBox
This has been covered long time ago.
My post on 6/9/2017
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132060380
I'm not sure what zeros you are referring to. If your referring to the ZJMY, Nanning Branch with 0 Registered capital, it is because it was closed down or not active at one point. BaBaBooey and I have posted to that point.
However, on the Tianyancha site, before access was blocked, it appeared the ZJMY Nanning Branch may have become active again not long ago. If it is active, it certainly will be rolled in with the main Zhongji Ming Yang New Energy Technology Co., Ltd. which shows Registered Capital of about 7.5 million USD.
We are not sure how many companies will be rolled into the JB&ZJMY Technology Group Holding Inc (JBMY). IMO, the EV related companies for sure (see screen shot below), some of the others are very possible. I don't think all Wang's companies will be rolled into JB&ZJMY Tech Group Holding Inc, since some are already listed on Chinese exchanges.
Jin Bo Zhong Ji Ming foreign car trade (Beijing) Co., Ltd. should be part of the holding Company (I've seen it translated Jinbo Zhong Ji Ming Yang Motor Trading Co. as in the screen shot from the Tianyancha site below). The name change from Beijing something Building Materials Limited Liability Co. to JBZJMY Motor Trading Co on March 29, 2017 supports that theory. .
These 4 should be part of ZJMY Technology Group Holding Inc. (ZJMY, Nanning branch if it was reactivated)
Me too (but in a couple more days). Hoping Ticker change holds off for a bit more.
Wang Dequn companies registered capital.
I found about 25 of the Wang companies on Riskstorm, but can't find a way around to see the rest. There were several more pages of them (5 pages of companies minumum).
Paste in chrome and translate, I provided translated screenshots.
https://www.riskstorm.com/search?tab_type=company&type=all&keyword=%E7%8E%8B%E5%BE%B7%E7%BE%A4&size=20&from=0
What I've found adds up to about 130 million in capital. Add in 20 or more other companies, it could easily double that amount. Wang Dequn might not be a billionaire, but 100s of millions is good enough for me. Don't worry, he will be a billionaire soon.
$130,105,500.00
I put together a spread sheet. I believe there at least double this amount of Wang Dequn affiliated companies.
Tianyancha site shows 57 enterprise associated with Wang Dequn:
Spreadsheet showing 25 of Wang's companies and registered capital.
A word on ZJMY acquired Wuhu Huaba Electric Vehicle Co., Ltd
OEM manufacturer agreements imo.
From Wikipedia, the free encyclopedia
Original equipment manufacturer
"OEM"
An Original Equipment Manufacturer (OEM) is a company that produces parts and equipment that may be marketed by another manufacturer. For example, if Acme Manufacturing Co. makes power cords that are used on IBM computers, Acme is an OEM.
Automotive parts
When referring to auto parts, OEM refers to the manufacturer of the original equipment, that is, the parts assembled and installed during the construction of a new vehicle. In contrast, aftermarket parts are those made by companies other than the OEM, which might be installed as replacements after the car comes out of the factory. For example, if Ford used Autolitespark plugs, Exide batteries, Bosch fuel injectors, and Ford's own engine blocks and heads when building a car, then carrestorers and collectors consider those to be the OEM parts.[citation needed] Other-brand parts would be considered aftermarket, such as Champion spark plugs, DieHard batteries, Kinsler fuel injectors, and BMP engine blocks and heads. Many auto parts manufacturers sell parts through multiple channels, for example to car makers for installation during new-vehicle construction, to car makers for resale as automaker-branded replacement parts, and through general merchandising supply chains. Any given brand of part can be OE on some vehicle models and aftermarket on others.
Chapter 1: Basic Facts
Company Name: Wuhu Huaba Electric Vehicle Co., Ltd
Set up time: September 2015
Registered capital: 1 million yuan
Legal representative: Han Jianfang
Shareholders: Han Jianfang Xie Haitao
Shareholding ratio: Han Jianguang 90% Xie Haitao 10%
Paid-up capital: 190.9 million yuan (as of May 20, 2016)
Paid-up capital use:
...
Paid-in capital source:
1. Han Jianguo shares: 700,000 yuan
2. Xie Haitao shares: 100,000 yuan
3. Wuhu city government science and technology funds: 14 million
4. Han Jianfang personal loans and interest: 500,000 yuan
5. Wuxi Mengfei Aviation Investment Co., Ltd. invested: 400,000 yuan
6. Beijing Zhongji Ming Yang new energy company investment: 69,000 yuan
Total: 190.9 million yuan
The second chapter: the main product research and development:
The company's main products for the conditions of life 330 km, charging dual-mode electric vehicles. The product through the commission Kay wing car announcement, made the Ministry of Industry and the Ministry of electric vehicle production bulletin, and then commissioned Kay wing car OEM production. Is the light of the operation of the use of existing auto production capacity to achieve rapid production of the best way.
At present, the product is entering the notice of the detection process, is expected to 4-5 months to obtain product announcements. 6-7 months to achieve mass production. Wuhu Panther technical team developed for the taxi market...
According to statistics, more than 600 cities in China a total of 1.6 million taxis, coupled with the recent years of vigorous development of the car, the total number of more than 2 million. In accordance with the State Council to develop the 13th Five-Year Development Plan, by 2020 to 50% of the fuel taxis gradually replaced by electric vehicles, which means that the next five years the Chinese market demand for electric taxis will reach more than 1 million.
And so far, there is no electric car can fully meet the requirements of the taxi industry, and my company's products, will be the only fully adapt to the taxi industry
Chapter 5 Product Manufacturing
To build a modern electric car manufacturing enterprises, need to invest hundreds of millions of dollars or even billions of dollars of funds, and the construction cycle also takes about 3 years to achieve mass production, this traditional model not only large investment, long cycle and investment rate of return Low, therefore, my company in the country's first use of the production of automotive enterprises qualification, production capacity, so that the automobile business on behalf of the announcement, OEM production of the development of the electric car cooperation model, Apple and Foxconn cooperation model in the world Within the scope of the first extension to the automotive sector - this will be the beginning of China's auto industry changes!
Chapter 6 Financing Description
...
6-1.2 As a result of the Company's use of light asset operation mode, let Chery's sub-brand company Kay wing car on behalf of the announcement and OEM production, need to pay about 10 million yuan Kai-wing car on the announcement and production line transformation costs, but also in the Wuhu construction for 100 electric taxi operation charge of the power plant model project
...
Chapter 7 of the financial calculation
? investment purposes:
(1) prototype development: 200 million
(2) commissioned Kay Wing car announcement: 6 million yuan
(3) commissioned Kay wing vehicle OEM production, production line transformation fee: 400 million
(4) 100 electric taxi and automatic charge for power plant model project: 15 million yuan
(5) Company operating expenses and working capital: 3 million yuan
...
my company will be a huge technical advantage of the national market, is expected within five years, only through additional liquidity will be able to market sales to 250,000 / year, according to the sales price, is nearly 40 billion yuan Sales, more than 50 billion annual profits, to create a small amount of investment in the return of the business miracle. ?
ZJMY job postings. Many posted recently according to this site:
Paste in google chrome and translate. Translated screen shot below.
http://www.subeizs.com/company/12274455/jobs/
industrial design
Beijing / 0-2 years / undergraduate / full-time
¥ 2000-3000
Beijing Fengtai District Zhuangzi office (main entrance) ?
Zhongji Ming Yang New Energy Technology Co., Ltd
? ? ? ? ? 3123 views
Posted: 2017-07-08
Electric car appearance renderings design The above is only the site snapshot, the latest information, please see the source site
Zhong Ji Ming Yang's mission: "Let China's blue sky bluer, so that the earth is more healthy."
Zhongji Ming Yang's values: "Thanksgiving, win-win, integrity."
Zhongji Ming Yang's vision: integration of related industry resources, become the industry's leading modern service new energy industry park investment operators.
Zhongji Ming Yang New Energy Technology Co., Ltd. as a responsible company, is for China's new energy industry research and innovation, public utilities and other cultural, educational, science and technology, public welfare aspects of investment for the country and social development Effort.
That would the ultimate company back-handed company stock share plan if they turn around and reverse split on their employees after the warrant pricing:
Buy some JB&ZJMY shares. Dad goes home from work one day excited, we have 1000 company shares. Next day, comes home, depressed... 20 shares now, they reverse split on us. LOL.
I would not be surprised if the stock warrants were actually like stock options I had in my company. Had to be in by a certain date the stock share plan started. The initial cost per share was set by the deadline date the employees had to be in on. Company gave us a 10% discount upfront as well. They had a strike price on them at a expiration date 2 years later. If stock price was above the option strike price in 2 years we could exercise them and buy a specific number of shares initially agreed upon at the original share plan price, which was set in Year 0.
For example, strike price set at 1.5$/share for 1000 shares set to expire at end of Year 2, original cost 1$ per share for the set and agreed number of shares in Year 0.
Price Per Share (PPS) goes to 2$/share in 2 years (End of Year 2), then you can exercise your options to buy the initial 1000 shares at 1$/share. Then you could sell your 1000 shares immediately and double your money, or sell or hold as you so choose.
If the share price ended up under the option strike price at the end of the second year, you could just take your investment out with no loss (no gain either obviously).
Payment for our company stock options came out monthly, automatically from my paycheck.
Could be same system for JB&ZJMY employees warrant share pricing. They expire July 17th. To me this could be the deadline for the employees to get in on for the .10 and .15/ share warrants. They could be exercised on for a specific period of time, say 6 months or a year, or whatever the time period set by the company as the expiration date on the warrants. That's why they would be a deal imo. Employees could buy the agreed upon number of shares at the warrant price of 10 and 15 cents at the expiration date of the warrants, which may be set a year from now.
Maybe its set up differently, but that would make sense to me.
Note: one stock option typically represents 100 shares. I left that out for simplicity.
Brokers' confirmation of a 1:1 DOLV to new Ticker share exchange. No reverse split verified with the pending ticker change. That is enough for me at the moment.
No one knows what long term will hold. RMs have the RS risk.
A forward split is just as likely (if not more likely) down the road imo.
Call your broker and confirm the 1:1, if you don't believe the dozen or so people that have confirmed it here on the board (screen shots included).
Really well said and I concur. Patience is paramount. Timing is the name of the game.
DOLV is oversold and most the DOLV potential big investors are still not sold. When the whales are convinced (not going to but a time-frame on it, hehe), DOLV's volume will soar 50 million, 100 million or much more.
MM for your commitment to the DD and going the extra mile.
Thanks for your translation support! Win-win for all. Wonder if his family is anywhere near where they could go check out the JB&ZJMY train advertising in person. I know its real, but the more witnesses we get on each piece of DD the more sound it'll become.
The link below has the train video and Press conference and wealth forum video (not sure if it is a segment or the complete video).
That second Press conference/wealth forum video would be worth a look by your friend.
http://www.jingtezmt.com/baorun/vip_doc/4809309.html
Thanks for the clarification. I understand all the long's frustration with the lack of Co. communication. I believe there will be a point the information will start pouring out like a dam breaking, but it will come on JB&ZJMY's time-table. They have this Chess game won, they've seen 20 moves ahead. They want to make a splash that will have ripple affects across the world.
I think the share certificate is real, plenty of other more mind-blowing things you could fake for a much bigger bang for your buck. Finra will verify the share certificate Co. name and ticker soon imo.
If Finra comes out with the new ticker JBMY and the name JB&ZJMY Technology Group Holding, Inc, would you concede were golden at that point?
Just wait a bit longer. Play the rips and dips till then if that's your game.
ZJMY still anti-pumping.
I agree a share certificate could easily be a production, but add that to the pics (Z cars on trailers, z cars with red ribbons, in front of Jinbo store front, in parking lots), videos (game show, train advertising), ZJMY car share at train stops, scores of ZJMY articles, JB&ZJMY Train advertising with video, broker confirmations of name and ticker change, WY SOS name change, new CUSIP #, quarterly filings, 8K with updated accountant, April PR, Chery connection, Long Star connection, Press conference, Jinbo Co, Jinbo annual group meeting, Jinbo new store front opening, Ribbon cutting ceremonies, Lawsuit to get back 54 million shares, ZJMY Co. listings on Chinese gov sites, ZJMY Job Postings on many different job listing sites, Trademarked ZJMY name and Z symbol, Battery tech with patents, electric motors, articles of the EV 3.0 tech., and so on.
I believe a few pieces could easily be manufactured, but taken as a whole, IMPOSSIBLE!
If this is faked, it is the most elaborate scam in OTC history! I wonder if they have hit their break-even point. Expensive to say the least.
It is all REAL imo!
$$$JBMY$$$$
Wow! Sticky worthy imo.
From BaBabooey's Translation these are the key points imo:
1 - The new ticker will be JBMY.
2 - The new company name will be JB&ZJMY Technology Group Holding Inc.
3 - It appears that the name and new ticker have already been accepted by Finra, pending the company's predetermined debut date (I believe company can choose an effective date as has been previously posted by others). They probably want to time the new ticker and name change with their official vehicle launch! I would think soon, like by July 17th.
I wonder what employee let the cat out of the bag?
Thanks Hawk for the good post this morning.
Glad to see you're still here and long and strong.
I'm quoting "How to remove the stop sign" section directly from otcmarket site. Nice try. That implies the stop sign is already there as with Dolv.
How to Remove the Stop Sign
A company may provide disclosure through a selected U.S. regulatory agency (such as the SEC or a Banking regulator), a qualified foreign stock exchange, or through the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service pursuant to the Pink Basic Disclosure Guidelines.
Look at Hardy's post, xlog just replied to it. Check otcmarkets on being current.
Attorney letter is needed with annual report, not with the quarterlys by what I understand.
http://www.otcmarkets.com/marketplaces/otc-pink
Another possibility comes to mind. It could come down to timing, not just when ZJMY wants to reveal, but in what quarter the deal was made.
IMO, The Chery-ZJMY partnership (deal) to produce SUVs had already been hashed out in Quarter 1 or before.
The Long Star deal/partnership may have been solidified in Quarter 2, even if Long Star produced some EV models for ZJMY in Quarter 1.
If ZJMY's tech is all the DD suggests, manufacturers may be competing to get the deal to supply ZJMY with bodies. ZJMY probably has vetted other manufacturers that didn't make the cut. ZJMY may have liked what they saw Long Star produce.
If I were a manufacturer of car bodies, I would be promoting my cars to ZJMY. "Look what we can make for you to put your batteries and electric motors in. Please pick us!"
Remember the Long Star connection posted by Floridany, llhabela and myself, has been more recent, for example, the ZJMY sign at the Long Star factory- ZJMY's "Flagship Store". (May was the first time I've seen the Long Star models with the Z branding). Not sure if some of those pictures were earlier though.
Can't tell from Jinbo annual meeting in January if they are Chery models, Long Star or both. Wouldn't matter if the Long Star deal wasn't made till this quarter though.
We will see soon. Deal or no deal.
I see your point. Good question.
JB has also developed a prototype SUV electric vehicle (“EV”) that is able to go up to
600 km (373 miles) on a single charge and is called the “Millet Ming Yang V3”.